American Green, Inc.™
(OTC:ERBB) Annual Revenue Increase
Estimated Up 60% to $3,200,000 at
the "Sweet Virginia" Cannabis Grow
Facility
PHOENIX, AZ -- January 18,
2022 -- InvestorsHub NewsWire -- American Green,
Inc. (OTC:ERBB)
announced today that the improvements it has made to its 12,000 SF
" Sweet Virginia " grow operation are expected to increase
the estimated annual revenue to $3,200,000 per year, up sixty
percent from approximately $2,000,000 per year. American
Green has already started to realize increased revenue from the
improvements that were made during the 4th quarter of the calendar
year.
American Green president, David G.
Gwyther said, "12 weeks ago we hired Jacob Cohen, previous
Cultivation Manager at High Grade AZ., as American Green's Director
of Cultivation. Mr. Cohen has already made some amazing
improvements to our top-line revenue growth and to the existing
layout of the Sweet Virginia Grow. By implementing his plant
management techniques, and combining plant science, we have been
able to achieve peak efficiency from the original grow equipment
and systems that were installed when we opened the facility over 3
years ago. Mr. Cohen has also been training our staff as he has
been implementing his operational improvements. These improvements
are already responsible for a 40% increase in overall plant
yield."
Bryan Croteau, American Green's
Director of Operations, said "We were so impressed with the
progress that Mr. Cohen made in such a short time frame that we
decided to improve the Sweet Virginia Grow more by adding the
newest technologically advanced equipment, to maximize our profit
potential. We are already underway making facility-wide lighting
changes. Until now, we have been using single-spectrum Ceramic
Lights, and we are now moving to Full Spectrum top-of-the-line Efinity LED
lighting.
The lighting we've sourced is a
1-to-1 direct replacement for the industry-standard "Double-Ended
HPS" lights. The new LED lights will keep our operational costs
down significantly. Our new Efinity lights are the highest
gram-per-watt producing lights available to the market at this
time, and we anticipate an approximate 77% further increase in
overall production. These LEDs operate at a 15% reduction in
electrical usage, combined with an overall heat load reduction of
35%, and the overall electrical savings can be expected to be in
the 25% range. Phase one of the project is estimated to be complete
by March 1st, and phase two is expected to be complete by
April 26th of this year. The exact same Efinity LED lights
will also be used in "American Green's newest 40,000 SF "Cypress
Chill" grow facility."
A live look-in link to our "
Sweet Virginia " grow is provided below. The feed is
operational most days during regular Arizona business hours.
Archives of hundreds of hours of footage from the grow operation
can also be found on youtube.
https://www.youtube.com/watch?v=dnHWubrgl1I
Shareholders and interest holders may also
stay current with American Green
Updates:
American Green's Main Website
at www.americangreen.com
Live Sweet Virginia Grow
Footage https://americangreen.com/live/
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.