Although the American Green Inc (OTCMKTS:ERBB) stock did not make much of a move and traded within a range on Tuesday, it should be noted that the company did make a major announcement yesterday.
American Green announced that it started the sales of its Hemp Lip Balm and Premium Hemp Cream after it expanded its presence on the e-commerce platform eBay. That is a significant development for American Green since it adds another stream of revenues for the company. In the announcement yesterday, the company noted that it is looking to either match or surpass the sort of success it has already tasted through its e-commerce initiative on Amazon, the e-commerce behemoth.
The company had launched its products on Amazon in December 2020 and the launch of eBay constitutes a natural progression for American Green’s e-commerce efforts. The president of the company David G. Gwyther also spoke about the latest initiative from American Green. He announced that the products are going to be made available through the ‘buy now’ function on the eBay platform and customers within the United States are going to get free shipping. It remains to be seen if the American Green stock attracts any bullish investors today or not.