American Green, Inc.™ (OTC:ERBB) Receives Approval
from the City of Phoenix to Operate its New 40,000 SF Cannabis Grow
Facility
When
complete, the new complex is expected to generate a 500% increase
in annual gross revenue.
PHOENIX, AZ --
August 17, 2021 -- InvestorsHub NewsWire
-- Today, American Green,
Inc.
(OTC:ERBB) announced that the City of Phoenix Arizona has
approved the company's application to launch its second cannabis
grow facility in West Phoenix. The new state-of-the-art complex
will be designed to generate additional annual revenue of more than
$10 million for the company.
American Green president, David
G. Gwyther said, "At approximately 40,000 SF, this new American
Green building will be designed to have about 36,000 SF under
canopy and 4,000 SF reserved for production and corporate
office space. We are very excited to announce that our new
space will be dedicated to developing and selling our own new
premium "American Green'' brand cannabis products.. The
products will provide higher profit margins than even the quality
cannabis product we currently wholesale to over 75 Arizona
recreational and medical marijuana dispensaries."
Bryan Croteau, American Green's
Cultivation General Manager adds, "Our current "Sweet
Virginia Grow" operation has helped us to develop lasting and
positive relationships with cannabis
dispensaries and wholesalers throughout Arizona over these past
years giving us a huge head start in the sales cycle with the
American Green-branded cannabis products from our new
facility. I believe that it will be these relationships that
will help to supercharge our American Green brand cannabis products
into the retail supply chain much faster than if we were starting
from scratch."
"Retail dispensaries throughout
the state already love our premium cannabis, and we will be
supplying them with many new cannabis products, including various
edibles, and concentrates such as 'Live
Resin', 'Diamonds and Sauce', 'Budder', and 'Apple Sauce' -
all produced using American Green's own in-house grown selection of
cannabis genetics," concludes Mr. Croteau.
American Green
is also extremely excited to have our
in-house cannabis chef, Dee Russell aka "Edible Dee''
or,
as
many know her, "The Happy Chef," developing
her famous edible recipes concocted for American Green. Chef
Dee will play an integral role in producing a number of her
delicious edibles including her famous pot brownies and
gummies. The company will be making the completion of its
kitchen one of its first priorities in order to generate revenue at
the earliest possible time. Chef Dee, is the author of
THE HAPPY CHEF cannabis
cookbook and DELIC DISHES which brings you
the "How To" in cooking with cannabis and fungi.
"The Company has already begun
the design of the new facility and the buildout will begin
immediately. Earlier this year, the company retained
Gierczyk Inc. as our general contractor to
head up this expansion project. American Green, along with
Gierczyk Inc., will now turn their attention to making the new
cannabis facility operational as soon as possible. Opening Day is
projected for the 2nd calendar quarter of 2022," concluded Mr.
Gwyther.
Shareholders and interest holders may also
stay current with American Green
Updates:
American Green's Main
Website at www.americangreen.com
American Green's CBD
store at www.americangreencbd.com
Twitter:
@American__Green (two underscores), or
Facebook:https://www.facebook.com/americangreenusa
Instagram:
https://www.instagram.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.