SOURCE: American Green, Inc.

American Green, Inc.

September 20, 2016 08:00 ET

American Green Consolidates Office to Phoenix Cultivation Site

Returns to Original Plan and Crew of Professionals to Achieve Expedient and Efficient Completion of the Facility

TEMPE, AZ--(Marketwired - Sep 20, 2016) - American Green, Inc. (OTC PINK: ERBB) consolidated its primary office with its Phoenix cultivation site to achieve the greatest operational efficiency for both its current and future undertakings. Besides the future grow facility revenue expected at the site, day-to-day engagement with the process has already produced up to three additional locations for duplication. By reducing to dedicated staff who are willing to work building real company value and a willingness to be on location, the company is already experiencing positive growth. The location of the facility will be made public once the signage is up and site-insurance riders are in place. In spite of the current trend to hide such locations, American Green is confident that its security measures will enable the company to be as transparent in its progress as it can be. The goal is to allow shareholder tours throughout the facility beginning sometime in October.

"After a month of analysis, the Board of Directors and consulting staff have determined that the past plan needed a serious overhaul favoring simplicity and speed," says David Gwyther, American Green chairman and acting president. "The move comes at a time when both the company and market forces require steadfast, focused effort and commitment to a clear plan designed to insure overall corporate health when the inevitable upswing arrives which will likely benefit those cannabis-connected companies left standing. There are some that over-build because they can, and those that can't quite achieve lift-off. Our numbers show that for who we are and where we are, this is the best possible scenario," Gwyther concludes.

Incorporating fundamental, yet quality building methods with state-of-the-art materials, the site will feature consistency in temperature and humidity, a comprehensive plan for security and hygiene, a limited number of strains targeting primary needs for medicinal marijuana, and an adequate space to expand into the higher-margin extraction business. In a forthcoming update coinciding with the issuance of a Certificate of Occupancy (necessary to begin legal cultivation), American Green's Phoenix grow facility will publish estimated yields and subsequent revenues based on actual spaces that are built and operational. With the November election and the possibility to legalize 'recreational' cannabis, the company believes its current estimates are conservative with a primary goal of operating in the "black" within six months of putting the first plants in their grow medium.

In other news, The American Green Machine is back. Watch for pending news of the Company's proprietary next-generation automation system. Demand has caught up with the idea for verified vending of restricted products and the company believes it is positioned to meet and expand on the energized market and growing potential for clients throughout America.

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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, 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