TEMPE, AZ--(NewMediaWire - Mar 29, 2016)
- American Green, Inc. (OTC
PINK: ERBB) today announced that it has financed a
significant expansion project for Herbal
Elements, which produces American Green-branded products
in Colorado. This project was financed to help Herbal Elements
reach production and revenue goals and to drive income for American
Green.
"American Green has been a great resource for Herbal Elements.
It has provided us access to many different types of commercial
marijuana operations," says Greg Honan, Herbal Elements owner. "Our
current project of installing an entire new second level of plants
in our flower rooms is due to American Green providing us with
innovative ideas and a focus on the unused vertical space in our
cultivation location. The result of double-decking is the increase
of recreational flower for the production of American Green-branded
products. We now have a high-margin extraction product line for the
recreational market without the costs of renting a larger
facility.
"We adjusted our techniques and strategies in order to improve
our medical marijuana cultivation license and accommodate our newer
recreational cultivation license for recreational concentrates,"
Honan continued. "American Green has provided our patients with new
styles and types of packaging that assist with proper moisture and
quality control. We discussed the needs for our new recreational
concentrate effort with American Green. They minimized the
time-consuming trial-and-error that comes with new techniques,
methods, and product development. We are entering the market far
faster than if we'd done it on our own.
"Greg Honan does an amazing job in Eagle Vail and we're
extremely confident in his ability to continue expanding Herbal
Elements extraction products throughout Colorado -- all distributed
in American Green packaging, of course," said Jonathan Miller,
CEO of American Green. "We will help add several new concentrate
variations to the rosin and bubble hash currently being produced as
well as financing the introduction of two full-time salespeople for
the Colorado market. Now that Greg's production of recreational
material is in full swing, the margins on retail products are
substantially higher than when he had to purchase raw material at
wholesale cost.
"We have just harvested our first batch of recreational flower
to produce our own concentrates and we look forward to further
synergies and proven techniques from American Green so we can
continue to advance the distribution of our solvent-free
concentrates and healthy flower for both our medical and
recreational markets," Honan said.
American Green's promise to invest in assets, improve those
assets and derive income from those assets continues in Colorado
with the financing of Herbal Elements' production and concentrate
facilities. As Herbal Elements succeeds, American Green
shareholders benefit from revenues on lending and branding.
American Green has forecast cash flow-positive operations
sufficient enough to pay down debt and service monthly operational
costs by fourth quarter, 2016.
Please send your questions for review and response by Jonathan
Miller on Tuesday April 5 at 11am Pacific
time -- that's 2pm Eastern. The call in number
is 641-715-3580, Access
Code: 672-528.
Please send your questions in advance to ceocall@americangreen.com.
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 by going to the American Green website
at www.americangreen.com, or by going directly
to http://americangreen.com/contact-us to
sign up for email alerts.
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.