TEMPE, AZ--(NewMediaWire - May 10, 2016)
- American Green, Inc. (OTC
PINK: ERBB) is pleased to announce that a significant
acquisition of real estate will be the home of the first American
Green co-managed Medical Marijuana dispensary in the State of
Arizona.
"This is the first Class A building in the state that will open
as a medical marijuana dispensary. It is approved for use by the
city of Tempe and this property will be the last location approved
in Tempe until the city imposed moratorium is lifted," stated
Jonathan Miller, American Green CEO. "Combined, these two factors
will favor our licensed clients in the industry. We've
succeeded in one of the first major promises we made since our
pivot at the end of 2015 to position American Green as deep into
the marijuana market as legally permitted by law."
There are more than 85,000 medical marijuana patients in the
state and the bulk of them are in metro Phoenix. This
Tempe location is two blocks off I-10 just south of Hwy 60 with
easy access to Phoenix, Tempe, Ahwatukee, Chandler, Gilbert and
Mesa. Click here for Google Maps
link. Competition is sparse in the area and we believe
that the location's attributes will attract patients to the
dispensary.
Minor renovations are needed to complete what will be needed for
final DHS inspection prior to opening. We are pursuing an
expedited schedule for this and expect the location to be open for
business within 90 days. We will announce the grand opening to
the public and to our shareholders as we get closer to the date.
This is a tremendous accomplishment for our company and we are
excited to report that the company will be able to generate income
to the company in several ways -- all within the laws of the State
of Arizona.
Sales projections and net from operations for this location will
be above average. We are happy to report that this location
has a tremendous potential for generating revenue. Other
dispensaries in the Valley with less favorable frontage and street
access generate more than $500,000 dollars per month. This
acquisition will tie into the completion of our cultivation
operation where our goal is to provide the dispensary with cannabis
product that would be classified as "exceedingly far above the
norm." We expect our knowledge in the industry to lay the
groundwork for our dispensary operation and to provide the very
"best of the best" in flower or high-end extraction
products.
ERBB shareholders should begin to see the fruits of the
Company's efforts. We believe that American Green's future
lies in bringing value in the form of:
- Net from operations for licensee management
agreements;
Branding opportunities; and
Rent rolls to American Green.
Our goal has been to achieve revenues whereby monthly overhead
will be covered coupled with a concerted effort to substantially
reduce existing debt as soon as possible.
"A dispensary is half of the equation. We're looking
forward to talking more about the other half -- the Phoenix
cultivation facility -- as construction continues toward completion
of one of the most advanced "grows" in the country," Miller
continued. "Our model of buying assets, improving assets, and
deriving income from these assets has moved from concept to reality
with this dispensary property purchase. We will continue to
track down and convert these strategic positioning and branding
opportunities for the benefit of shareholders and the industry in
general."
Please don't forget, the next session of American Green's wildly
successful and eagerly anticipated CEO
Call is scheduled for
this Thursday,May 12, 2016 at 2PM
eastern time. Please send your questions for review and
response by Jonathan Miller, American Green CEO. The call in
number is 641-715-3580, Access
Code: 672-528.
Shareholders and other interest holders may send their
questions in advance to ceocall@americangreen.com.
Visit the American GreenZine at
americangreen.com for up-to-the-second, trending articles and
reports on the cannabis industry.
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:
Twitter: @American__Green (two underscores), or
Facebook: https://www.facebook.com/americangreenusa
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.