TEMPE, AZ -- (NewMediaWire - Jul 7, 2015) - American
Green, Inc. (OTC
PINK: ERBB) announced today that it has successfully
completed the formation of American Green - Colorado Inc., a
corporation formed in Colorado for the purpose of advancing the
deal first announced to shareholders and the public in September of
2014. Herbal Elements will bring local licensing, relationships,
knowledge and its corporate assets to the deal. American Green will
support the build-out with it's proprietary technologies such as
Truth Lighting and TrackX for the general expansion of CBD-rich
cannabis strains. In addition, the Herbal Elements' location will
serve as a flagship business to demonstrate what American Green and
its subsidiaries have to offer to the cannabis industry as well as
serve as the company's R&D facility. Within two years, company
management believes it can achieve a .5% market penetration in the
Colorado extraction technology segment which, based on 2014
state-wide reported revenues for legal cannabis, would be as much
as $1,750,000.
"Every acquisition completed or contemplated by our company is
with an eye toward strengthening our core business opportunities
and developing a seed-to-sale strategy for the MMJ industry. Our
facility in Eagle/Vail will be used to define an industry-leading
solution for states, municipalities, and growers. Herbal Elements
is in a great position to help us solidify our strategies," says
American Green president, Steph Shearin. "In addition, extraction
and manufacturing is clearly where the best margins reside in the
industry, even for companies like ours who can't yet actively
participate in sales. Being deeply involved through a
state-specific subsidiary is a must for revenues and ultimately
shareholder value."
"The focus on high CBD strain medical marijuana is an area we
have seen develop rapidly as a result of specific strains being
used for anti-spasmodic applications, at the very least. The use of
these kinds of CBD-rich strains of cannabis has been shown to
improve the lives of people. Research will continue to drive the
medical usage of these strains, and we are confident their use will
represent an expansion of this opportunity," stated Greg Honan,
president of Herbal Elements.
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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.
In 2009, American Green, Corp., became one of the first
publicly traded technology companies in the world serving the
medical cannabis industry beginning with the introduction of the
company's proprietary ZaZZZ machine developed to automate,
age-verifying dispensing of cannabis-based medicines. Our mission
is to remain a leader within the cannabis and industrial/medicinal
hemp industry embracing innovation within all seed-to sale sectors
by leveraging our team of professionals, as well as value-added
companies and products. American Green is actively involved in
activities that span cultivation, manufacturing and extraction,
retail, and community outreach. We are challenged by this exploding
new industry every day and strive to develop sustainable and
responsible businesses that will thrive and endure in our
constantly evolving marketplace.