PHOENIX, AZ--(NewMediaWire - Nov 23, 2016) - American
Green, Inc. (OTC PINK: ERBB) announced today that the City of Phoenix
awarded the necessary variance to enable the required permitting
for the completion of its cultivation site. The initial variance
and reason it was provided were never in question; however, the
completion was delayed because American Green's board of directors
felt that a significant change in the project management was
necessary to properly complete the grow operation. Certain
aspects of construction are already underway with the fully
engineered site plan projected to be completed by December 15th for
review and submission for the necessary permits. Quick completion
is anticipated because construction management is taking full
advantage of pre-production and organizational procedures that are
compatible and within the time limits made available to the
company. "We very much appreciate the cooperation we've received
from the City of Phoenix as American Green worked through their
important and necessary shifts in management," said David Gwyther,
ERBB's acting president and chairman.
"Shareholders can be assured that American Green will evolve and
make whatever changes are necessary to acclimate to our changing
political environment. I've been actively involved in
overseeing American Green since it entered the cannabis market in
2009 when it became the second publicly traded company in the
cannabis sector. I am convinced we will endure as one of the
leading medical and adult-use marijuana-related companies in the
nation, and we'll do it by adapting to changing laws and times,"
concluded Mr. Gwyther.
With the BlazeNow relationship on full-throttle, the green light
on the cultivation site build-out, and the American Green Machine
being readied for consumers, the company feels it is poised to have
one of the best first quarters and years in its history.
In other positive news, the official ERBB beneficial owner
shareholder count has increased from 54,563 to 57,640 -- an
increase in 3,077 shareholders since 2015, as officially reported
by Broadridge (www.broadridge.com). The Company is
excited by its shareholder growth this past year and is committed
to grow its revenue and operating margins in a similar fashion in
the coming years during what looks to be a banner year for the
cannabis sector.
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 6,000 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, 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.