SOURCE: American Green, Inc.

American Green, Inc.

May 19, 2016 08:00 ET

Zoned Properties Chosen to Build American Green's 15,000 Sq. Ft. Cultivation Facility in Parachute, CO

TEMPE, AZ--(Marketwired - May 19, 2016) - American Green, Inc. (OTC PINK: ERBB) is pleased to announce that it has signed a Letter of Intent with Zoned Properties (OTCQX: ZDPY) to develop a 15,000 square foot cultivation facility in Parachute, Colorado as part of ERBB's continuing expansion in the Colorado market.

"Bill 16-40, recently passed by the Colorado Legislature, is a measure we've anticipated. Its expected passing drove our relationship with Greg Honan and Herbal Elements. (http://tinyurl.com/hn3vaql) We can now position ourselves closer to actually holding a license in the most vibrant legal cannabis market in the US," stated Jonathan Miller, American Green CEO. "The Parachute facility is expected to produce 250 pounds per month of premium cannabis -- that's $500,000 per month at today's market price for premium product. Each harvest will be directed to Greg's Eagle Vail location as well as other licensed outlets throughout the state. Both, Grade A flower and incredible extractions will be produced in Parachute and Eagle Vail fueling the forecast increase in American Green revenues in 2017."

According to Bryan Mclaren, CEO of Zoned Properties (OTCQX: ZDPY), "We have been building the relationship with Mr. Miller and his team over the past few months as we explore several development projects for Zoned Properties and American Green in Arizona, Oregon, and Colorado. I am excited to see the collaboration come together beginning with their tenancy at our Marijuana Business Park in Parachute, Colorado, that will utilize Zoned Properties' Triple Set (SSS) Design and Development Model."

Jonathan Miller adds, "Zoned Properties' model for developing advanced 'grow-ready' facilities for the cannabis industry helps American Green jumpstart operations in markets by leveraging their capital and expertise. The 'bring your seeds' concept allows us to devote capital to market development while the facility is built. It's a great, synergistic relationship."

Further to comments in past CEO conference calls and press releases, American Green's relentless pursuit of positioning in the cannabis market continues at the pace set by CEO Jonathan Miller in Q4/15. The pivot from non-scalable ancillary products to growing consumer mindshare and physical operations with strategic partners in multiple markets is evidenced by the recent purchase of a dispensary building in Tempe, AZ, the expansion of Herbal Elements facilities in Eagle Vail and now the grow facility to be built in Parachute, CO.

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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, in 2009, one of the first publicly traded technology companies in the cannabis industry. Now, with over 50,000 individual shareholders, more than any other company in the cannabis sector, American Green's mission is to lead the cannabis industry. Leveraging our team of professionals in cultivation, manufacturing, extraction, wholesale, retail, and community outreach, we strive to develop sustainable initiatives, while increasing shareholder value, and company profit.

Contact Information

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