American Green Inc (OTCMKTS:ERBB) has entered into a joint-venture with GREENHOUSE SOLUTIONS (OTCMKTS:GRSU). The announcement was made today, and the companies said that the partnership seeks to create, market and sell two proprietary products mainly, the topical CBD (cannabidiol) products. Greenhouse Solutions seeks to deploy its highly efficient science team to assist American Green two proprietary products. These will be the topical pain formulations, of which one is intended for human use, and the other is for the equine market.
The terms of the agreement demand American Green to provide its 99.5% pure CBD obtained from the hemp farmed in the EU as a part of a particular dosage level of each product. The final product that is essentially a human topical formulation will be free of any kind of odor. In addition, it will also be free of the typical hot or cold sensations that most topical products have. The Equine product is expected to multiply the formulation’s pain relieving qualities because it is known for its DMSO-based CBD infused topical formulation. The property also allows the product to be maximally absorbed. The companies also indicated that the topical products are free from steroids and additives. The products will also be non-narcotic and non-toxic. In addition, no amount of aspirin or acetaminophen will be used in their preparation, they said.
American Green Inc (OTCMKTS:ERBB)’s President, Stephen Shearin, believes the partnership to be only the beginning of a bigger endeavor. He said that Greenhouse Solutions’ expertise will help the company use the CBD isolate to manufacture safe and effective products for humans. He also emphasized that the partnership holds the potential for generating significant revenues for both the companies.
American Green has plans to sell the products in their ZaZZZ vending machines established across the world. The move will allow American Green Inc (OTCMKTS:ERBB) to boost retail sales at all the places where the machines are established.