TEMPE, AZ--(NewMediaWire - Jun 9, 2016)
- American Green, Inc. (OTC
PINK: ERBB) is pleased to announce
that Herbal Elements of Eagle Vail,
Colorado has changed its store name to American Green under a
branding/licensing agreement with the Company.
"Our company has enjoyed a valuable relationship with Herbal
Elements and owner Greg Honan over the past several years. We've
helped the business by financing expansions in cultivation and
extraction facilities. We've provided solutions that include
American Green-branded packaging," stated Jonathan Miller, American
Green CEO. "We are financing Mr. Honan's effort to expand into
Parachute, Colorado, and are working with him on a wider strategy
in this cannabis-pioneering state to gain consumer mindshare of
American Green."
American Green's strategy to work with operators in various
states providing branded packaging solutions has become more
successful. Initiatives are well underway in Arizona, Colorado,
Washington and Oregon. Both American Green and the operators that
use American Green-branded packaging follow all state and municipal
rules that regulate the local cannabis industry.
"It makes great sense to change the name of our medical store to
American Green and to use the American Green brand in our Parachute
location when that facility opens. The name, 'Herbal Elements' was
a perfect name for us 7 years ago when I started the business, but
now there are too many 'herbal' companies, making it difficult for
consumers to differentiate. The name 'American Green' is perfect.
People really like it, and they immediately relate to it. The
packaging drives home the message of quality and consistency," said
Greg Honan, owner of Herbal Elements. "The American Green brand is
licensed to Herbal Elements and we buy packaging under a flat fee
agreement at competitive prices. I believe working with the
American Green brand and packaging delivers a competitive edge that
drives traffic to our business."
Following the successful purchase of the future dispensary
property located in Tempe, AZ (http://mcassessor.maricopa.gov/?s=301-53-217),
the Company continues on-plan and on-target for the cultivation
facility completion in mid-August. As discussed in previous
releases and conference calls, the Company has forecast revenues in
the calendar Q4/16 that will cover operational expenses and allow
the Company to pay down debentures in 2017.
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.