American Green, Inc.™ (OTC:ERBB) Receives Approval from the City of Phoenix to Operate its New 40,000 SF Cannabis Grow Facility When complete, the new complex is expected to generate a 500% increase in annual gross revenue.
17 August 2021 - 10:55PM
InvestorsHub NewsWire
August 17, 2021 -- InvestorsHub NewsWire -- via Stock Investor
Daily -- Today, American Green,
Inc. (OTC:ERBB) announced that the City of Phoenix Arizona
has approved the company’s application to launch its second
cannabis grow facility in West Phoenix. The new
state-of-the-art complex will be designed to generate additional
annual revenue of more than $10 million for the
company.
American Green president, David G. Gwyther, said, “At
approximately 40,000 sf, this new American Green building will be
designed to have about 36,000 sf under canopy and 4,000 sf reserved
for production and corporate office space. We are very
excited to announce that our new space will be dedicated to
developing and selling our own new premium “American
Green'' brand cannabis products. The products will provide
higher profit margins than even the quality cannabis product we
currently wholesale to over 75 Arizona recreational and medical
marijuana dispensaries.”
Bryan Croteau, American Green’s Cultivation General Manager,
adds, “Our current “Sweet Virginia Grow” operation has helped us to
develop lasting and positive relationships with cannabis
dispensaries and wholesalers throughout Arizona over these past
years giving us a huge head start in the sales cycle with the
American Green-branded cannabis products from our new
facility. I believe that it will be these relationships that
will help to supercharge our American Green brand cannabis products
into the retail supply chain much faster than if we were starting
from scratch.”
“Retail dispensaries throughout the state already love our
premium cannabis, and we will be supplying them with many new
cannabis products, including various edibles, and concentrates such
as ‘Live Resin’, ‘Diamonds and Sauce’, ‘Budder’, and ‘Apple Sauce’
-- all produced using American Green's own in-house grown selection
of cannabis genetics,” concludes Mr. Croteau.
American Green is also extremely excited to have our in-house
cannabis chef, Dee
Russell aka “Edible Dee'' or, as many know her, “The Happy
Chef,” developing her famous edible recipes concocted for
American Green. Chef Dee will play an integral role in
producing a number of her delicious edibles including her famous
pot brownies and gummies. The company will be making the
completion of its kitchen one of its first priorities in order to
generate revenue at the earliest possible time. Chef Dee is
the author of THE HAPPY
CHEF cannabis cookbook and DELIC
DISHES which brings you the “How To” in cooking with
cannabis and fungi.
“The Company has already begun the design of the new facility
and the buildout will begin immediately. Earlier this year,
the company retained Gierczyk
Inc. as our general contractor to head up this expansion
project. American Green, along with Gierczyk Inc., will now
turn their attention to making the new cannabis facility
operational as soon as possible. Opening Day is projected for the
2nd calendar quarter of 2022,” concluded Mr. Gwyther.
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 sustainable initiatives in the
cannabis-adjacent and CBD industries, laser-focused on adding
company and shareholder value.
SOURCE: Stock Investor Daily
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