TEMPE, AZ--(Marketwired - Aug 30, 2016) - American Green, Inc. (OTC PINK: ERBB): With funding in place, American Green announced today it has consolidated efforts to move forward specifically with its Phoenix, Arizona cultivation facility. The "fast-track" focus on cultivation will temporarily postpone the company's dispensary plans for at least the next two business quarters due to the fact that its current share price would create additional unwanted dilution at this moment in time. The company is confident that the results of this focus put it just 60 days from an operational facility with proceeds to follow in not more than 120 days while serving to reinvigorate shareholder interest in ERBB. The focus on developing one single major revenue stream at a time has now become a regular practice at American Green -- concentrate on key initiatives with clear purpose where shareholder value is at the core.
"The company rules nothing out in the future including dispensaries or operations in other States. The current route it has chosen is designed to bring revenues through the front door faster than anything else we were involved in," says David Gwyther, American Green's chairman and acting president. "With professionally produced high-quality product and the aforementioned moderations to the original plan, American Green's grow operation will enable the company to focus on phase II - Extraction -- and the development of product lines such as pure extract, popular edibles and medicinal-quality cannabis vape cartridges, all of which are designed to create higher margins in faster growing markets than simply trying to be a wholesale grow operation," Gwyther concludes.
The company very much appreciates the patience of its shareholders and the public at large as American Green evolves and commits to make accurate information available at the earliest possible times. Shareholders and other interest-holders can expect further updates in the near future.
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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, 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.