SOURCE: American Green, Inc.

American Green, Inc.

December 08, 2015 08:30 ET

American Green Begins Building Its Phoenix Cultivation Site for Their Licensed Managed-Service Client

TEMPE, AZ--(Marketwired - Dec 8, 2015) - American Green, Inc. (OTC PINK: ERBB) today announced it has begun the major interior remodeling of its Phoenix-based indoor medical marijuana cultivation site after just receiving the proper permitting from the City of Phoenix. The Company had recently announced that the building will house a 12,000 square foot medical marijuana cultivation facility intended for use by its licensed tenant-client -- Natural Herbal Remedies. First-stage interior demolition is expected to take 3 to 4 weeks followed by a buildout of the facility. When complete, the location will be a best-in-class operation that will produce Premium American Green-branded products for its licensed network of affiliates throughout the State of Arizona.

"Once demolition is complete, we will immediately begin a phased buildout of the cultivation facility. We have selected a Master Grower who has provided the required plans for us, paving the way for our architect and general contractor," says Jonathan Miller, American Green, Chief Operating Officer. "The phased approach is intended to provide Natural Herbal Remedies with premium, medical marijuana products as quickly as possible, without sacrificing quality."

Construction of the Natural Herbal Remedy cultivation facility will be underway by year-end as we prepare to make American Green Premium marijuana products available to authorized Arizona buyers this coming year. The company expects to post revenue with profitable margins in 2016.

"One hundred percent of our efforts are focused on developing our joint venture partnerships into multiple profit centers," stated American Green's Miller. "As previously announced, we will have American Green-branded product on the shelves for licensed retailers to sell this month in both Oregon and Colorado."

Each venture in Oregon, Arizona, and Colorado will operate under similar structures and policies designed specifically to fall within the scope of state and local regulations. Expansion of the American Green brand includes standardization of high-quality products, procedures, and methodologies, with a robust forecast for 2016 as new opportunities and partnerships continue to present themselves.

David Gwyther, American Green Chairman, commented, "We are excited to see all of these new initiatives come to fruition as we prepare American Green for a very positive new year. Our entire focus is driven by one overall goal -- to achieve a healthy and profitable business model for our company. As these opportunities evolve into profitable business segments, we will continue to expand into other very lucrative medical and recreational cannabis market segments, and by doing so, we will hopefully remind our shareholders why we all made the decision to own a piece of American Green in the first place." 

Visit the American GreenZine at americangreen.com for up-to-the-second, trending articles and reports on the cannabis industry.

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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, 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.

About American Green, Corp.
American Green, Corp., became one of the first publicly traded technology companies in the medical cannabis industry in the world, beginning in 2009, with the introduction of the ZaZZZ machine for automated, age-verifying dispensing of cannabis-based medicines. Now, with over 50,000 individual shareholders, more than any other company in the cannabis sector, American Green's mission is to be the cannabis & industrial hemp industry, seed-to-sale innovator, leveraging our team of professionals, as well as value-added companies and products -- spanning cultivation, manufacturing and extraction, retail, and community outreach. We strive to develop sustainable businesses, while increasing shareholder value, and awareness beyond our industries.

Contact Information

  • Contact:
    American Green, Inc.
    Investor Relations
    1221 W Warner Rd, Suite 103
    Tempe, AZ 85284
    480-443-1600 X555