American Green Inc (OTCMKTS:ERBB) finalized a key deal with Endexx Corporation. The two companies announced that they together will work on “Access Control Identification and Verification Vending Platform.” Both the companies are known for designing and developing effective systems to sort out the problems associated with the programmed dispensing and inventory control of items warranting eligibility verification in accordance with applicable regulations for the Marijuana Industry.
The terms
American Green and Endexx together will co-develop and support a Connectivity and integration platform to strengthen required industry standardization. The underway deal allows the firms to help each other leading for potential revenue for both organizations. The vast scope of the deal constitutes the establishment of a integrated compliance standard for verified vending and inventory control for general acceptance by local jurisdictions and regulators in several legal markets.
The requirements
The agreement between Endexx and American Green calls for integration of different technologies that are M3Hub inventory control and “Verify Pay” POS system. The integration of two technologies controls, tracks, and process management system. Todd Davis, Endexx CEO expressed said that while working with the local jurisdictions and Marijuana Enforcement Division, it has become clear that a comprehensive unifying procedure, regulations, protocols, policy and rules is vital for corporations in the recently legalized Marijuana Industry. It is required to run within a uniform compliant infrastructure.
The comments
Stephen Shearin, American Green President expressed that setting customary operating measures and strategies that government units can customize and adopt to extend safety and security while defending the public’s interest will boost technology integration plans and invite “best practices” to the market. Shearin further added that a deal with the Endexx team, who has a successful background in a same industry, enables the two companies to take a big leap toward the common goal of achieving ‘smart automation’ in the world. In last trading session, the stock price of ERBB jumped 5.56% to close at $0.00760.
