Digital Brand Media & Marketing Grp Inc(OTCMKTS:DBMM) continues with its Phase one strategy plan for achieving aggressive organic growth, by strengthening its partnership with American Green Inc (OTCMKTS:ERBB). The two companies announced the expansion of their deal to include a revenue share provision. Digital Brand and American Green both benefit from a positive market environment in digital marketing and cannabis industries, respectively.
Scope in Marijuana segment
Reggie James, the Senior VP Marketing and Communications and Co-Chief Operating Officer of American Green Inc (OTCMKTS:ERBB). , expressed his views on marijuana industry. He said that there has been a significant rise in interest by brands seeking for lucrative deals in the growing marijuana industry. Further, their interest is augmented by several instances of an influx of institutional capital, beyond family offices and rich people.
Sources of capital
Previously, these two were considered as only sources of funding. Marijuana industry offers huge scope as there are twenty-three US states where marijuana use is legal for medical purposes. The private equity firms and venture capital are taking significant positions in a number of companies in North America.
James further added that American Green Inc (OTCMKTS:ERBB). revenues are almost doubling every month since September 2014, and the company is pioneering growth with multi-faceted approach. The Cultural Revolution has commenced, and the companies at the forefront will receive the benefits when unacceptable marijuana industry shifts to mainstream. It is expected to be a multi-billion dollar business.
The management view
Stephen Shearin, the CEO and President of American Green, said that American Green Inc (OTCMKTS:ERBB). possess rights to proprietary extraction technology. It is the first step towards national expansion. He added that it is vital to use an integrated approach when the industry growth is exponential. Also, it is important to select partners who can complement existing operations. The partnership with Digital Brand Media & Marketing Grp Inc(OTCMKTS:DBMM)’s Digital Clarity demonstrates the same like-mindedness. Digital Brand Media designs, crafts and executes digital marketing plans across multiple as platforms.