AMERICAN
GREEN (OTC:ERBB) ISSUES STRATEGIC CORPORATE OVERVIEW
PHOENIX, AZ
-- December 29, 2020 -- InvestorsHub NewsWire
-- Today American Green
(ERBB:OTC) has issued this
strategic overview for its shareholders highlighting the following
news and events for ERBB in 2020. American Green received
fantastic news in November with the passing of the Prop 207
initiative which included the legalization of
recreational cannabis for adult use in ERBB's home state of Arizona
beginning in 2021. As soon as
this recreational legalization law passed, American Green began
developing plans to expand its grow management operation by
300%.
American Green has
already identified several potential cultivation sites and is
aggressively pursuing amazing new opportunities in Arizona's new
recreational cannabis market. This new law gives American
Green the capability of offering licensed retailers American
Green premium cannabis products which are then made
available for sale to 1000's of future recreational cannabis
customers in addition to current cannabis sales to existing
medical-use dispensaries in Arizona.
AMERICAN
GREEN HITS OPERATIONAL BREAK EVEN IN 2020
The
company was proud to announce that, as of the first quarter
of 2020, it has achieved operational break even for the first
time since it entered the cannabis sector.
AMERICAN
GREEN'S "SWEET VIRGINIA" GROW MANAGEMENT OPERATION
American Green's
Sweet Virginia Grow operation started 2020 fast by achieving a
cash-flow-positive position for the first time since it entered the
cannabis sector.
The
company increased
its overall canopy cannabis grow space by over 12% resulting in the
company's Grow Operation experiencing increased profitability
without seeing a proportional increase in overhead. Coupling
the expansion in capacity with our previously announced reductions
in labor costs, The Company believes it can expect an improvement
in its year-over-year bottom line by about 23%. That could
translate into an additional $350,000 annually.
Please refer to our detailed description of the
expansion in the July 9, 2020 press
release.
During most business daytime hours, shareholders can witness, first
hand, the company's high-grade cannabis product being grown in its
Phoenix facility, affectionately dubbed "Sweet Virginia," because
of its location on Virginia Avenue. (https://americangreen.com/live/)
THE AGM - AMERICAN GREEN'S SMART VENDING
MACHINE
It was a big
year for American Green's Smart Vending Division-which took a giant
step forward with an amazing new feature that will make signing
into its AGM network of smart machines much simpler. According to
the company's principal vending consultant, Lindel Creed, "It's
called LiveOp - which integrates a live person into American
Green's 'Over 21' verification system. We believe our system will
surpass currently accepted "over-the- counter" sales guidelines to
assure that our AGM machine customers are over 21 years of age
prior to making a vending purchase for Cannabis, Liquor and
CBD...The Fast Growing Cannabis/CBD vending firm, EZ Vending gave
ERBB its largest order in company history and they also purchased
the company's proprietary smart vending solution -- called the
"AGM" – making it their "system of choice" for EZ Vendings new
business venture teaming up with prospective cannabis dispensaries
throughout the nation.
AMERICAN GREEN'S ONLINE STORE
American Green's Online
Emporium The online
store is growing in
revenues, gross profits, and repeat business. American Green
recently announced that its Premium Hemp-based products are
now available exclusively on Amazon.com In April, at
the beginning of the pandemic American Green wanted to celebrate
its 10th year in business and it did so by offering a free 2 oz
hand sanitizer with every purchase from it's online store. The
company was pleased to announce a unique plan for CBD
distribution through wholesalers that participate in the sale
of American green CBD products. American Green also launched its
innovative CBD and Melatonin Sleep Aid product named Zzzzz.
All
American Green CBD, Hemp and Cannabis products are independently
lab tested and certified.
Subscribe to our Weekly
Deals
Become a Distributor
Become an
Affiliate
Free
Shipping On All Orders
100%
USA Made Products
All
Products are THC-FREE (they contain 0.00% THC)
20%
Discount For Shareholders (promo code INVESTOR)
Weekly Deals (new
deals every week)
Shareholders and interest holders may also stay current
with American Green Updates:
American Green's Main
Website at www.americangreen.com
Twitter:
@American__Green (two underscores), or
Facebook:https://www.facebook.com/americangreenusa
Instagram:
https://www.instagram.com/americangreenusa/
Instagram:
https://www.instagram.com/magicalnipton/
About American
Green, Inc.
American Green, Inc. became, in 2009,
America's second publicly-traded company in the cannabis industry.
American Green now, with its more than 50,000 certified beneficial
shareholders, is one of the largest (in shareholder count) in
the cannabis sector. American Green's mission is to lead the
cannabis and premium CBD industry. Leveraging our team of
professionals in cultivation management, manufacturing, extraction,
wholesale, retail, and community outreach, we strive to develop
sustainable initiatives in the cannabis-adjacent and CBD
industries, laser-focused on adding company and shareholder
value.
For more information
-
Contact:
American Green,
Inc.
Investor
Relations
2902 W. Virginia
Ave
Phoenix, AZ
85009
480-443-1600
X555
investor@americangreen.com
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, be 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.