TEMPE, AZ--(NewMediaWire - Dec 8, 2015)
- American Green, Inc. (OTC
PINK: ERBB) today announced it has begun the major
interior remodeling of its Phoenix-based indoor medical marijuana
cultivation site after just receiving the proper permitting from
the City of Phoenix. The Company had recently announced that the
building will house a 12,000 square foot medical marijuana
cultivation facility intended for use by its licensed tenant-client
-- Natural Herbal Remedies. First-stage
interior demolition is expected to take 3 to 4 weeks followed by a
buildout of the facility. When complete, the location will be a
best-in-class operation that will produce Premium American
Green-branded products for its licensed network of affiliates
throughout the State of Arizona.
"Once demolition is complete, we will immediately begin a phased
buildout of the cultivation facility. We have selected a
Master Grower who has provided the required plans for us, paving
the way for our architect and general contractor," says Jonathan
Miller, American Green, Chief Operating Officer. "The phased
approach is intended to provide Natural Herbal Remedies with
premium, medical marijuana products as quickly as possible, without
sacrificing quality."
Construction of the Natural Herbal Remedy cultivation facility
will be underway by year-end as we prepare to make American Green
Premium marijuana products available to authorized Arizona buyers
this coming year. The company expects to post revenue with
profitable margins in 2016.
"One hundred percent of our efforts are focused on developing
our joint venture partnerships into multiple profit centers,"
stated American Green's Miller. "As previously announced, we will
have American Green-branded product on the shelves for licensed
retailers to sell this month in both Oregon and Colorado."
Each venture in Oregon, Arizona, and Colorado will operate under
similar structures and policies designed specifically to fall
within the scope of state and local regulations. Expansion of
the American Green brand includes standardization of high-quality
products, procedures, and methodologies, with a robust forecast for
2016 as new opportunities and partnerships continue to present
themselves.
David Gwyther, American Green Chairman, commented, "We are
excited to see all of these new initiatives come to fruition as we
prepare American Green for a very positive new year. Our
entire focus is driven by one overall goal -- to achieve a healthy
and profitable business model for our company. As these
opportunities evolve into profitable business segments, we will
continue to expand into other very lucrative medical and
recreational cannabis market segments, and by doing so, we will
hopefully remind our shareholders why we all made the decision to
own a piece of American Green in the first place."
Visit the American GreenZine at
americangreen.com for up-to-the-second, trending articles and
reports on the cannabis industry.
Be sure to visit the company's website at www.americangreen.com and sign up for the
company's EMAIL ALERTS to stay current
on news.
Shareholders and interest holders may also stay current with
American Green Updates:
Twitter: @American__Green (two underscores), or
Facebook: https://www.facebook.com/americangreenusa
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, more than any other company in the cannabis sector,
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.