Anticipates a 55% Increase
Year-Over-Year Quarterly Revenue in 2022
PHOENIX, AZ -- February 2, 2022 -- InvestorsHub NewsWire
-- American Green, Inc.
(OTC:ERBB) announced
today that revenue for its second fiscal quarter ended December 31,
2021, will be $515,000. This represents an increase of over 20%
compared to the prior fiscal quarter ended December 31, 2020, at
the “Sweet Virginia” grow facility. More importantly, the
second fiscal quarter revenue ending December 31, 2022, is
anticipated to increase an amazing 55%, up an estimated $285,000 to
$800,000 for the quarter.
American Green president, David G. Gwyther, said, “We have been
making consistent improvements to the Sweet Virginia facility for
the past few years and it has been paying off with increased
revenue and we will see more progress in the future. From
adding key staff members to the addition of another grow room that
takes us to 11 rooms, to the current ongoing switch from
“Double-Ended HPS” industry-standard grow lighting to
state-of-the-art Efinity LED lighting, we are reaping the benefits.
After a full operating year with the new lights and with
excellent plant management and plant science already in place, the
grow will produce approximately $3,200,000 in annual revenue which
will be up an approximate $1,200,000 from today’s annual revenue
estimate of $2,000,000. All of the cannabis grown at Sweet
Virginia is sold only to Curaleaf Inc. and we have a sales contract
to keep producing our premium cannabis for them until
mid-2026. We also have a renewal clause that has an
additional three separate five-year periods when
exercised.”
“Our newly under-construction 40,000 SF Cypress Chill cannabis
grow also continues to make progress. In-house Chef, Dee Russell,
a.k.a Edible Dee has fully designed the new state-of-the-art
kitchen and has submitted her drawings to the Gierczyk
architectural team for final approval. Chef Dee will now focus her
attention on kitchen equipment purchases and start to develop
American Green’s own brand of cannabis edible recipes, made
specifically by her, for the company,” said Bryan Croteau, American
Green’s Director of Operations.
Check out our “live look-in” to see what is going on at
our “Sweet
Virginia" grow. The feed is operational “most days” during
regular Arizona business hours.
There are also Archives of hundreds of hours of footage from the
grow operation that can also be found on the American
Green YouTube
channel.
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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
Live Sweet Virginia Grow Footage https://americangreen.com/live/
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
