TEMPE, AZ--(NewMediaWire - Dec 29, 2015)
- American Green, Inc. (OTC
PINK: ERBB) today announced that American Green's
client has received zoning clearance from the City of Tempe for a
medical marijuana dispensary. This is a monumental step given
the city of Tempe has initiated legislation to institute a
moratorium for any additional Medical Marijuana
dispensaries. There are currently only two locations operating
in this municipality.
"The accomplishment in Tempe is substantial for American
Green. We were successful in securing this location given a
difficult cannabis real estate market and efforts by the existing
operators to ban any new Tempe dispensaries," said Jerry Chesler,
American Green's General Counsel.
"Gaining approval in Tempe at this time was extremely
important," said Jonathan Miller, American Green CEO. "Tempe will
not approve any new dispensaries for at least a year. We have seen
the City of Phoenix and other municipalities deny new dispensary
applications. I'm proud to say the American Green team
accomplished a difficult task and successfully delivered a valuable
asset."
"As we take this important step, we further our business plan
which is to invest in assets, improve those assets, and then derive
income from those assets," Miller continued. "I believe we have
secured one of the finest dispensary locations in the State of
Arizona. As we begin 2016, shareholders will continue to see
our multi-faceted revenue-generating endeavors unfold. With
leaner operational costs and more focused efforts on driving
revenue and profit, our plan to provide return on investment is
running at full-tilt."
Be sure to visit the company's website at www.americangreen.com and sign up for the
company's EMAIL ALERTS to stay current
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Shareholders and interest holders may also stay current with
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at www.americangreen.com, or by going directly
to http://americangreen.com/contact-us to
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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, in 2009, one of
the first publicly traded technology companies in the cannabis
industry, Now, with over 50,000 individual shareholders, more than
any other company in the cannabis sector, American Green's mission
is to lead the cannabis industry. Leveraging our team of
professionals in cultivation, manufacturing, extraction, wholesale,
retail, and community outreach, we strive to develop sustainable
initiatives, while increasing shareholder value, and company
profit.