American Green, Inc.™
(OTC:ERBB)
Cannabis Operations at "Sweet
Virginia" Newly Under Construction "Cypress Chill" Pave Way
for Increased Revenue and More Expansion in
2022
To Exercise Purchase Option on 40,000SF Cypress Grow
Building
PHOENIX, AZ -- January 20, 2022 --
InvestorsHub NewsWire -- Today American Green (ERBB:OTC)
has issued this strategic overview for its shareholders
highlighting the following news and events for ERBB in 2021 as well
as taking a look at 2022 and beyond.
David G. Gwyther, American Green's president and chairman said,
"The beginning of 2021 was crucial for our yearly success as we
hired Gierczyk Development to be the design-build general
contractor for our planned expansion into the legally voted in
Recreational Cannabis market here in Arizona. The team worked
diligently for months seeking out and locating the best property
for American Green's next facility."
"The company successfully negotiated and signed a 5-year lease
agreement with the building owners (allowing for three additional
5-year terms) in May, including an option for American Green to
purchase the 40,000 SF building," continued Mr. Gwyther. "We
are planning to exercise our option to buy the "Cypress
Chill" property by the end of the year. Owning this property
locks in a state-of-the-art cannabis real estate asset that
projects to be worth as much as $14 million dollars upon
completion, in a market that we believe will become one of the
hottest recreational cannabis markets in the country."
Mr.Gwyther goes on to say, "We have identified the state of
Nevada as a great opportunity to expand our cannabis operations due
to its recreational cannabis status and its proximity to our
current business in Arizona. We have already started our due
diligence and are excited about the possibility of expanding our
cannabis management footprint into Nevada this year."
That signed lease in May, brought American Green into August
when it received fantastic news from the City of Phoenix with the
approval for the "Cypress Chill" facility to operate as licensed
cannabis grow. "Cypress Chill" will provide over $15,000,000
(fifteen million dollars) in annual revenue to ERBB after
completion which is expected to be by the end of 2022. Quick Tour Of Our New 40,000 SF Cannabis Grow
Facility
Also in August, the Company earned a five-year contract with
Curaleaf Holdings Inc. for its "Sweet
Virginia" grow facility in Phoenix. The agreement has 3 (three)
additional five-year terms. That agreement has allowed ERBB to make
staff and operational improvements and also allowed American Green
to upgrade the facility with top-of-the-line Efinity LED
lighting. The improvements have already started and will be
complete at the end of April. The overall improvements will add an
additional $1,200,000 in annual revenue bringing total annual
revenue for "Sweet Virginia" to $3,200,000 - a 60% increase
over today's approximate 2,000,000 annual revenue.
"We had a breakthrough year in our American Green Vending
Division. Our American Green Xpress (AGX) identity and age
verifying machine, which sells cannabis, CBD, and even beer and
liquor, is now upgraded with Jumio software assuring that only
customers over 21 can successfully operate the machine. The
custom Jumio software, interfaces with our own proprietary software
that also allows for autonomous sign- up. The software
also provides immediate ID Scan, ID Verification, and "Liveness"
proofing to ensure customer presence. We asked a number of
potential customers, including cannabis dispensaries, hotels,
convenience stores, and casinos, what they wanted to see in our
AGX, and facial recognition was number one on their list and self
sign-up came in a close second - we now have them both. We are
expecting record revenue from the division this year." said Lindel
Creed, head American Green's vending division.
Kevn Davis, American Green's V.P. of Online Sales said,
"We started out the year with great success on Amazon with our
2,000 mg hemp balm and continued to expand our online presence with
other premium American Green-branded hemp and cbd products for sale
on Ebay, Groupon and of course our American Green online store. In
addition to major credit or debit cards, customers can now use
Bitcoin and other major crypto currencies to purchase any products
in our online store. We will continue developing new
CBD and hemp products and expand our online footprint so we
can increase revenue this year as well as look for new strategic
partnerships and more distribution to add to our bottom
line.
In other news, The American Green CBD Emporium is well
stocked with some very high-quality CBD offerings - all at very
reasonable prices with its New Year's Specials. Check out American
Green's newest product offerings including its: 50mg CBD Capsules (Sleep Formula),
25mg Water Soluble Powder (10 Pack), and
our 1000mg CBD Balm. Or, shop our top
selling products (based on order frequency) which include our
CBD Capsules, CBD Oils, and CBD Pet Treats.
Not Sure Which Product Is
Right For You?
Start off by exploring our Top Rated CBD Products (as reviewed by
verified customers) and Contact Us if you need help, we will be
excited to help you find the product or products that suit you
best. We also provide an extensive catalog of informational
articles and videos on our blog.
Shareholders and interest
holders may also stay current with American Green
Updates:
American Green's Main
Website at www.americangreen.com
American Green's CBD
store
at www.americangreencbd.com
Twitter: @American__Green (two underscores),
or
Facebook: https://www.facebook.com/americangreenusa
Instagram:
https://www.instagram.com/americangreenusa/
About American Green, Inc.
In 2009, American Green, Inc. became America's
second publicly traded company in the cannabis sector. 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
sustainably 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.
American Green (PK) (USOTC:ERBB)
過去 株価チャート
から 12 2024 まで 1 2025
American Green (PK) (USOTC:ERBB)
過去 株価チャート
から 1 2024 まで 1 2025
