SOURCE: American Green, Inc.

American Green, Inc.

December 14, 2016 08:00 ET

American Green Forecasts Record Q1/17 Revenues

PHOENIX, AZ--(Marketwired - Dec 14, 2016) - American Green, Inc. (OTC PINK: ERBB) announced today that with the BlazeNow arrangement and the resulting sales, orders for the American Green Machine (AGM), and with its online store relaunching in the Amazon Marketplace on Thursday, expected revenues for the first quarter of the new year should be in its best quarter to date. The projected sale of over thirty American Green Machine (AGM) units will make up a substantial amount of the quarter's revenue and account for more than half of its revenue until the cultivation facility is fully operational. The expansion of the "AGM Machine" into markets other than cannabis has already presented much larger opportunities than were available by being wedged into a single sector.

With a licensed commercial contractor selected, a cultivation license in place, and the recent extension to its variance approved by the City of Phoenix, the permit for the engineered site-plan is the only thing remaining to allow the company to expedite the facility's completion. Much of the construction has already been done off-site and will be shipped in the next month.

"American Green's new relationship with BlazeNow -- the MJ dispensary locator for Android and iPhone users -- is off to a great start. The company projects signing up more than 145 dispensaries planning to purchase listings beginning in Arizona, Illinois, Michigan, Maine, Rhode Island and Massachusetts next quarter," says David Gwyther, ERBB's acting president and chairman. "Our venture with BlazeNow is only weeks old and we're already witnessing a tremendous amount of enthusiasm from our potential new dispensary clients."

As announced last week, The American Green company store will be opening this week featuring its proprietary line of cannabidiol products including American Green Infused Balm, Tincture designed primarily for humans, and peanut butter, blueberry or tuna treats for dogs and cats. The company is working on methods of making online buyers aware of our fantastic CDB products and believe sales will start almost immediately and increase from there. "The past year's labor is visibly paying off," remarked David Gwyther. "For a variety of reasons including the termination of previous management, the company is now re-focused on revenues and acceptable margins. With focus on core competencies and the capable leadership of our new chief operating officer Patrick Carrigan as well as his staff, American Green will be able to make 2017 our best year to date," concluded Mr. Gwyther.

Be sure to visit the company's website at www.americangreen.com and sign up for the company's emails alerts to stay current on news. The company has over 6,500 shareholders and interest-holders on its private list and the list is growing every month. In addition, shareholders can join in the conversation here: https://otc.watch/groups/american-green-inc-erbb/forum/.

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, the largest shareholder base of any cannabis-related public company in the US, 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
    2902 W. Virginia Avenue
    Phoenix, AZ 85009
    480-443-1600 X555