TEMPE, AZ--(NewMediaWire - May 19, 2016)
- American Green, Inc. (OTC
PINK: ERBB) is pleased to announce that it has signed
a Letter of Intent with Zoned
Properties (OTCQX: ZDPY) to develop a 15,000 square foot
cultivation facility in Parachute, Colorado as part of ERBB's
continuing expansion in the Colorado market.
"Bill 16-40, recently passed by the Colorado Legislature, is a
measure we've anticipated. Its expected passing drove our
relationship with Greg Honan and Herbal
Elements. (http://tinyurl.com/hn3vaql) We can now position
ourselves closer to actually holding a license in the most vibrant
legal cannabis market in the US," stated Jonathan Miller, American
Green CEO. "The Parachute facility is expected to produce 250
pounds per month of premium cannabis -- that's $500,000 per month
at today's market price for premium product. Each harvest will be
directed to Greg's Eagle Vail location as well as other licensed
outlets throughout the state. Both, Grade A flower and incredible
extractions will be produced in Parachute and Eagle Vail fueling
the forecast increase in American Green revenues in 2017."
According to Bryan Mclaren, CEO of Zoned Properties
(OTCQX: ZDPY), "We have been building the relationship
with Mr. Miller and his team over the past few months as we explore
several development projects for Zoned Properties and American
Green in Arizona, Oregon, and Colorado. I am excited to see the
collaboration come together beginning with their tenancy at
our Marijuana Business Park in
Parachute, Colorado, that will utilize Zoned Properties' Triple Set
(SSS) Design and Development Model."
Jonathan Miller adds, "Zoned Properties' model for developing
advanced 'grow-ready' facilities for the cannabis industry helps
American Green jumpstart operations in markets by leveraging their
capital and expertise. The 'bring your seeds' concept allows us to
devote capital to market development while the facility is built.
It's a great, synergistic relationship."
Further to comments in past CEO conference calls and press
releases, American Green's relentless pursuit of positioning in the
cannabis market continues at the pace set by CEO Jonathan Miller in
Q4/15. The pivot from non-scalable ancillary products to growing
consumer mindshare and physical operations with strategic partners
in multiple markets is evidenced by the recent purchase of a
dispensary building in Tempe, AZ, the expansion of Herbal Elements
facilities in Eagle Vail and now the grow facility to be built in
Parachute, CO.
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
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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.