Following a key announcement from the company yesterday it is fairly likely that the American Green (OTCMKTS:ERBB) stock is going to come into focus among investors today. The company announced yesterday that the architectural plans for the 40K of the Cypress Hill cannabis growing operation had been submitted to the City of Phoenix.
Trading Data
On Thursday, ERBB stock ended flat at $0.0012 with more than 8.19 million shares, compared to its average volume of 10.18 million shares. The stock moved within a range of $0.0011 – 0.0012 after opening trade at $0.0012.
American Green (OTC:ERBB) Architectural Plans for Its 40,000 s.f. Cypress Chill Cannabis Grow are in the Final Review Phase
More importantly, the company also noted that the plans were now in the final stage of review. It was back in May last year that American Green had bought the building. Once the final approval is granted and the various building permits are provided, the company would being the renovation and construction process in full swing.
In the press release sent out yesterday American Green announced that it expected the final approval to come along at some point at the end of February this year. Not too long ago the City of Phoenix had decided on new building requirements with regards to cannabis establishments.
The architects at American Green had been successful had been able to meet this requirements when the application had still been in review. That had allowed the entire process to proceed without much of a delay.
