American Green, Inc.™
(OTC:ERBB) Earns Five Year Cannabis Grow Management Contract from
Curaleaf Holdings, Inc.
PHOENIX, AZ --
August 25, 2021 -- InvestorsHub NewsWire
-- Today, American Green, Inc.
(ERBB:OTC) announced that it has a new
management services agreement with Curaleaf's two cultivation
facilities in Arizona. Curaleaf
Holdings, Inc. (CSE:
CURA) (OTCQX:
CURLF) is a
leading international provider of consumer products in cannabis
which serves medical and adult-use customers throughout the state.
This agreement will provide American Green with approximately $2.1
million dollars in annual revenue and $10.4 million in revenue over
the term of the agreement.
David G. Gwyther, American
Green's president said "We are proud to extend our relationship
with Curaleaf Holdings, Inc. for five years. There is also an
opportunity for American Green to continue the agreement for three
additional five-year periods after our initial five-year term is
up. We will continue to provide our premium cannabis grown at
our "Sweet Virginia" grow and provide the quality customer service
that Curaleaf has been accustomed to so we can earn those future
agreement extensions."
"American Green has been a
great partner to us and we are looking forward to continuing our
relationship with them over the next five years," said Steve
Cottrell, president of Curaleaf Arizona.
American Green's premium
cannabis is used in various Curaleaf and Select products, including
some of their popular Live Resin offerings.
Shareholders and interest holders may also stay current
with American Green Updates:
American Green's Main
Website at www.americangreen.com
Twitter:
@American__Green (two underscores),
or Facebook:https://www.facebook.com/americangreenusa
About American
Green, Inc.
In
2009, American Green, Inc. became America's second
publicly-traded company in the cannabis sector. American Green now,
with its more than 50,000 certified beneficial shareholders, is one
of the largest (in shareholder count) in the cannabis sector.
American Green's mission is to lead the cannabis and premium CBD
industry.
Leveraging our team of
professionals in cultivation management, manufacturing, extraction,
wholesale, retail, and community outreach, we strive to develop
sustainable initiatives in the cannabis-adjacent and CBD
industries, laser-focused on adding company and shareholder
value.
For more information
-
Contact:
American Green,
Inc.
Investor
Relations
2902 W. Virginia
Ave
Phoenix, AZ
85009
480-443-1600
X555
investor@americangreen.com
NOTES ABOUT
FORWARD-LOOKING STATEMENTS
Except for any historical
information contained herein, the matters discussed in this press
release contain forward-looking statements that involve risks and
uncertainties, including those described in the Company's
Securities and Exchange Commission reports and filings. Certain
statements contained in this release that are not historical facts
constitute forward-looking statements, within the meaning of the
Private Securities Litigation Reform Act of 1995, and are intended
to be covered by the safe harbors created by that Act. Reliance
should not be placed on forward-looking statements because they
involve unknown risks, uncertainties and other factors, which may
cause actual results, performance or achievements to differ
materially from those expressed or implied.
Forward-looking statements may be identified by words such as
estimates, anticipates, projects, plans, expects, intends,
believes, be should and similar expressions and by the context in
which they are used. Such statements are based upon current
expectations of the Company and speak only as of the date made. The
Company undertakes no obligation to update any forward-looking
statements to reflect events or circumstances after the date on
which they are made.
