SOURCE: American Green, Inc.

American Green, Inc.

July 07, 2015 08:00 ET

American Green Creates Colorado Subsidiary and Formalizes the Union With Herbal Elements for a Legal Cannabis Grow and Extraction Operation

TEMPE, AZ--(Marketwired - Jul 7, 2015) - American Green, Inc. (OTC PINK: ERBB) announced today that it has successfully completed the formation of American Green - Colorado Inc., a corporation formed in Colorado for the purpose of advancing the deal first announced to shareholders and the public in September of 2014. Herbal Elements will bring local licensing, relationships, knowledge and its corporate assets to the deal. American Green will support the build-out with it's proprietary technologies such as Truth Lighting and TrackX for the general expansion of CBD-rich cannabis strains. In addition, the Herbal Elements' location will serve as a flagship business to demonstrate what American Green and its subsidiaries have to offer to the cannabis industry as well as serve as the company's R&D facility. Within two years, company management believes it can achieve a .5% market penetration in the Colorado extraction technology segment which, based on 2014 state-wide reported revenues for legal cannabis, would be as much as $1,750,000.

"Every acquisition completed or contemplated by our company is with an eye toward strengthening our core business opportunities and developing a seed-to-sale strategy for the MMJ industry. Our facility in Eagle/Vail will be used to define an industry-leading solution for states, municipalities, and growers. Herbal Elements is in a great position to help us solidify our strategies," says American Green president, Steph Shearin. "In addition, extraction and manufacturing is clearly where the best margins reside in the industry, even for companies like ours who can't yet actively participate in sales. Being deeply involved through a state-specific subsidiary is a must for revenues and ultimately shareholder value."

"The focus on high CBD strain medical marijuana is an area we have seen develop rapidly as a result of specific strains being used for anti-spasmodic applications, at the very least. The use of these kinds of CBD-rich strains of cannabis has been shown to improve the lives of people. Research will continue to drive the medical usage of these strains, and we are confident their use will represent an expansion of this opportunity," stated Greg Honan, president of Herbal Elements.

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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.
In 2009, American Green, Corp., became one of the first publicly traded technology companies in the world serving the medical cannabis industry beginning with the introduction of the company's proprietary ZaZZZ machine developed to automate, age-verifying dispensing of cannabis-based medicines. Our mission is to remain a leader within the cannabis and industrial/medicinal hemp industry embracing innovation within all seed-to sale sectors by leveraging our team of professionals, as well as value-added companies and products. American Green is actively involved in activities that span cultivation, manufacturing and extraction, retail, and community outreach. We are challenged by this exploding new industry every day and strive to develop sustainable and responsible businesses that will thrive and endure in our constantly evolving marketplace.

Contact Information

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