Vega Biofuels, Inc. (OTCPINK: VGPR) saw its share volume rise on June 13th with 100,933,928 shares exchanging hands, more than double its three month daily average volume of 47,699,274 shares.
Just yesterday, Vega Biofuels announced it has acquired 100% of Gone Green, Inc., a "Biochar Now, LLC" Reseller.
"We are very proud to have Gone Green as a part of our Company," stated Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc. "We feel that this acquisition could be a game changer for us. We have been very successful to date selling biochar to customers in the agricultural business. However, we did not have full access to the many other industries where biochar can be used. What we were really after in this deal was the Reseller Agreement that Gone Green has with Biochar Now. We now have a strong foothold in the multi-faceted biochar business and we expect it to significantly impact our revenue numbers this year. Our plan for now is to keep Gone Green a subsidiary of Vega and move all of our biochar business into that subsidiary. This would give us the option of spinning the subsidiary off into its own public entity down the road and could provide a nice dividend for our shareholders."
VGPR closed the day at $.0044, 20.69% lower than its previous close of $.0058.
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American Green, Inc. Reaches Preliminary Agreement With FutureWorld Energy
Tranzbyte Corp. (OTCPINK: ERBB), now known as American Green Inc., saw its share volume continue its downward spiral on June 13th with 31,618,788 shares exchanging hands, more than three and a half times lower than its three month daily average volume of 112,984,586 shares.
American Green recently announced it has reached a preliminary agreement with FutureWorld Energy Inc. (OTCQB: FWDG) to work together in the distribution of its ZaZZZ robotic dispensaries nationwide and beyond. Utilizing both company's technical backgrounds and rapidly expanding relationships in the cannabis market, the agreement enables American Green to grow the network much more rapidly thus producing the many benefits of scale sooner than later.
"After taking some time to become familiar with one another, the opportunity presented by working with FutureWorld has become crystal clear," says Stephen Shearin, American Green president. "They provide three components that are key in our strategy for expansion: technical savvy, focus in this market space, and integrity."
"We recognize American Green and ZaZZZ as the market leader in this space. Their flexibility in working with us to produce and place CaNNaBoX™ robotic dispensaries will allow each company the opportunity to enjoy the benefits of collaboration," comments Sam Talari, CEO of FutureWorld. "Reaching a common goal of 1,500 units will not only be more realistic, but more beneficial to both companies, our clients, and the market in general," he concludes.
ERBB closed the day at $.0265.
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