TEMPE, AZ--(NewMediaWire - Nov 17, 2015)
- American Green, Inc. (OTC
PINK: ERBB) executes its first (of four) five-year lease
options on property near downtown Phoenix to begin designing and
modifying the space into an MMJ cultivation facility for its joint
venture client, Natural Herbal Remedies.
The City of Phoenix recently granted American Green a variance
on the property near downtown Phoenix that will become the first
cultivation and extraction facility for Natural Herbal
Remedies. The 15-day appeal window following the variance
approval has closed with no objections from the facility's
neighbors or local neighborhood associations, allowing the project
to continue forward.
"Now that the approval of our use is final, we were able to sign
the lease extension on the building and get things moving.
Demolition of the current interior layout will begin immediately,"
American Green COO Jonathan Miller stated. "Along with NHR, we
have begun the process of designing the build out of the
facility. Once we clean out and sanitize the interior, our
professionals will fine tune the design to create a premier
facility that optimizes this space. This all will help the team at
NHR better serve Arizona's medical marijuana patients."
"American Green has been leasing this space for nearly a year
preparing for this project. I was happy to help them extend
the lease so they can turn their vision into the reality of a
state-of-the-art facility," says Doug Arfa, an independent
commercial real estate broker who practices in the cannabis
sector.
American Green will design an advanced specialty cultivation and
extraction facility accommodating the needs specified by the
Natural Herbal Remedies team. Cultivation will feature select,
premium sativa, indica, and high CBD strains. Extraction techniques
will be based on patient needs and proven technologies.
"Our goal is to expand upon our success in working with patients
and caregivers in Arizona. Having a large, state-of-the-art
cultivation and extraction facility that focuses on our needs will
allow us to reach more patients with more care solutions," stated
Sheelah Golliglee, NHR's dispensary manager.
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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.
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.