PHOENIX, AZ--(NewMediaWire - Nov 3, 2016) - American Green, Inc.
(OTC
PINK: ERBB) announced today that the City of Phoenix has
reactivated the demolition permit which expired earlier in the year
and the Company will select the lights to be used in the flower
rooms later today. With these critical and necessary tasks in the
rearview mirror, the Company can re-start physical construction,
finalize engineering and the site plan and, pending approval from
the Department of Health Services, its scheduled harvests beginning
late in Q1 of 2017. Overcoming challenges presented additional
challenges and opportunities. New chief operating officer Pat
Carrigan applied his no-nonsense approach to operations as well as
his building experience to anticipate and eliminate hold-ups,
define the best path, and get that plan in motion. The specifics
will become available over the course of construction and to all
who are able to visit the facility for a scheduled tour.
"The cannabis market is relatively new to AZ and while legal
within the state, city officials remain understandably very
vigilant regarding all aspects of cultivation facilities as they
are built and operated. A properly designed and executed plan is
what they want, and it is what we will provide them," said David
Gwyther, the chairman and acting president at American Green.
"After a great start which ground to a halt by mid-year and a
budget that had grown so quickly that it exceeded the bounds of
practicality, the board, acting president, and our team of
specialists were able to corral the expenses associated with the
grow facility this summer while maintaining momentum toward its
completion. We are very pleased to have Pat Carrigan stepping in to
bring our Phoenix Grow to fruition," Mr. Gwyther concludes.
"I saw a lot of opportunity and approached it with an open mind.
The original plan laid out when the building was selected back in
early 2015 was well designed and bringing the current version of
that plan to reality makes sense," commented Pat Carrigan. "A
repeatable system that produces top-grade cannabis in orchestrated
quantities, while staying focused on strains that have documented
medicinal qualities is an operational model that can generate
revenues and increase those revenues through confident expansion.
By successfully following this strategy, the company provides
visible success and growth potential for current and future
shareholders. Additional sites have already been identified in
Arizona and elsewhere," Carrigan concluded.
The Phoenix cultivation site, whose floor plan was made
available in a previous press release, has been organized to have a
steady flow of product move through the facility rather than
intermittent harvests of imposing size. The regulated model allows
for smaller curing and trim rooms, permanent employees to staff
those rooms instead of having to hire at sporadic intervals. This
grow cycle strategy limits the exposure that less frequent and much
larger harvests can create and promotes safety, consistency and
quality.
The ten flower rooms are duplicates of current, successful
operating cultivation sites that produce top quality product. Each
room is capable of yielding 20 pounds of premium cannabis, five
times a year; thus, producing a realistic 1000 pound annual yield
or $1.5mm in gross revenue at current wholesale market prices. The
key feature about a boutique grow facility like this is the
consistency of medicinal quality flower and our ability to
reproduce and achieve zoning compliance in a far greater number of
potential locations.
Groups of up to six will be offered guided visits scheduled on
Tuesdays and Fridays limited to two 30 minute tours at 11:30 and
12:00, currently planned to begin November 9th and organized around
ongoing construction, with safety always taking priority.
Be sure to visit the company's website at www.americangreen.com and sign up for the
company's emails 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
About American Green, Corp.
American Green, Corp. became one of the first
publicly traded technology companies in the medical cannabis
industry in the world, beginning in 2009, with the introduction of
the ZaZZZ machine for automated, age-verifying dispensing of
cannabis-based medicines. Now, with over 50,000 individual
shareholders, American Green's mission is to be the cannabis &
industrial hemp industry, seed-to sale innovator, leveraging our
team of professionals, as well as value-added companies and
products - spanning cultivation, manufacturing and extraction,
retail, and community outreach. We strive to develop sustainable
businesses, while increasing shareholder value, and awareness
beyond our industries.
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.