American Green, Inc.™
(OTC:ERBB) Announces Revenue Up 20% for Last Quarter for
its "Sweet Virginia" Cannabis Grow Facility
Anticipates a 55% Increase Year-Over-Year
Quarterly Revenue in 2022
PHOENIX, AZ -- February 2, 2022 -- InvestorsHub NewsWire
-- American Green,
Inc. (OTC:ERBB)
announced today that revenue for its second fiscal quarter ended
December 31, 2021, will be $515,000. This represents an increase of
over 20% compared to the prior fiscal quarter ended December 31,
2020, at the "Sweet Virginia "grow facility. More
importantly, the second fiscal quarter revenue ending December 31,
2022, is anticipated to increase an amazing 55%, up an estimated
$285,000 to $800,000 for the quarter.
American Green president, David G. Gwyther said, "We have been
making consistent improvements to the Sweet Virginia facility for
the past few years and it has been paying off with increased
revenue and we will see more progress in the future. From
adding key staff members to the addition of another grow room that
takes us to 11 rooms, to the current ongoing switch from
"Double-Ended HPS" industry-standard grow lighting to
state-of-the-art Efinity LED lighting,
we are reaping the benefits After a full operating year with the new lights and
with excellent plant management and plant science already in place,
the grow will produce approximately $3,200,000 in annual revenue
which will be up an approximate $1,200,000 from today's annual
revenue estimate of $2,000,000. All of
the cannabis grown at Sweet Virginia is sold only to Curaleaf Inc.
and we have a sales contract to keep producing our premium cannabis
for them until mid-2026.
We also have a renewal clause that
has an additional three separate five-year periods when
exercised."
"Our newly under-construction 40,000
SF Cypress Chill cannabis grow also continues to make progress.
In-house Chef, Dee Russell, a.k.a Edible
Dee has fully designed the new state-of-the-art kitchen and has
submitted her drawings to the Gierczyk architectural team for final
approval. Chef Dee will now focus her attention on kitchen
equipment purchases and start to develop American Green's own brand
of cannabis edible recipes, made specifically by her, for the
company." said Bryan Croteau, American Green's Director of
Operations
Check out our "live look-in" to see what is going on at
our " Sweet Virginia " grow, The feed
is operational "most days" during regular Arizona business
hours.
There are also Archives of hundreds of hours of footage from the
grow operation that can also be found on the American
Green YouTube channel
Subscribe to our newsletter and be the first to get our press releases
after they have been officially
submitted.
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
Live
Sweet
Virginia Grow
Footage https://americangreen.com/live/
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 sustainably
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.
American Green (PK) (USOTC:ERBB)
Graphique Historique de l'Action
De Déc 2024 à Jan 2025
American Green (PK) (USOTC:ERBB)
Graphique Historique de l'Action
De Jan 2024 à Jan 2025
