American Green and MediaTechnics Reach Agreement to Build CBD Extraction Plant in Nipton, California
March 28 2018 - 7:50AM
InvestorsHub NewsWire
Phoenix, AZ and NIPTON, CA -- March 28, 2018 -- InvestorsHub
NewsWire -- Today American Green, Inc. (OTC: ERBB)
is pleased to announce that it has entered into a Joint Venture
(JV) to create a CBD processing plant in Nipton, Ca.
with MediaTechnics Corporation (OTC: MEDT).
- Under the terms of the JV, MEDT is to specify, procure, design,
develop and install a state-of-the-art extraction facility in
Nipton, capable of extracting Cannabidiol (CBD) from Industrial
Hemp. Industrial hemp contains less than 0.003% THC, below the
level where it can be considered a psychoactive drug.
- The parties intend to use CBD (Cannabidiol) to manufacture
multiple products, including CBD Infused Water, drawn from a major
regional aquifer located nearby Nipton.
- The Ivanpah Valley Aquifer contains millions of acre-feet of
unspoiled, ancient water and we intend to build a bottling plant to
produce Nipton Water and Nipton CBD Infused Water as well as
manufacturing other CBD based products, all from safe, legal, high
quality Industrial Hemp.
- The offcast hemp from the extraction plant will also be
utilized to manufacture American GreenCrete, a high quality,
100% recycled construction material for use in housing and other
facilities in and around Nipton and worldwide.
The principles and consultants of MEDT have decades of
experience running multiple hemp-related businesses in and around
Los Angeles, including the management of one of Los Angeles’
premier dispensaries and operating multiple grows - all, while
helping to build one of the top extraction companies in the
state.
MEDT’s President, Jeremy Carr, stated, “We are thrilled to lend
our expertise to American Green’s Nipton project and to be part of
California’s first ‘Cannabis-Friendly Destination’.”
Along with American GreenCrete, these facilities are among the
first of many other revenue-generating opportunities American Green
plans for Nipton and the surrounding areas including Searchlight
and Primm Nevada.
In other news:
Senate Majority Leader Mitch McConnell (R-KY), together with Ron
Wyden (D-OR) and Rand Paul (R-KY) plan to
introduce The Hemp Farming Act of
2018 to completely remove Industrial Hemp from the
Controlled Substances Act. This far exceeds the modest exemptions
allowed under the 2014 Farm Bill.
McConnell Plans to Legalize Hemp Nationwide
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. In addition, shareholders and
other interest holders are invited to join the conversation about
American Green found
here: https://otc.watch/groups/american-green-inc-erbb/forum/
Shareholders and interest holders may also stay current with
American Green Updates:
Twitter: @American__Green (two underscores), or
Facebook: https://www.facebook.com/americangreenusa
Instagram: https://www.instagram.com/americangreenusa/
Instagram: https://www.instagram.com/magicalnipton/
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 identified by
words such as estimates, anticipates, projects, plans, expects,
intends, believes, be 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, Inc.
American Green, Inc., 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.
About Mediatechnics Corporation
MediaTechnics Corporation (OTC PINK: MEDT)
(http://www.bloomberg.com/quote/MEDT:US) and its wholly owned
subsidiary BlazeNow Inc, specialize in providing ancillary products
and services to the medical and recreational Cannabis industries.
Our management will utilize industry experience to target the areas
of the market with the highest profit potentials.
We believe in the future legitimacy and profitability of the
industry based on recent studies showing bi-partisan support and
demand for Cannabis. We believe that Cannabis provides a healthier
alternative to conventional pharmaceutical and recreational drugs
and will play an important role in the future of our country's
health care. We are determined to be a dominant force in defining
this emerging market.
For more information, please contact: info@medtcorp.com Contact: American Green, Inc. Investor Relations 11011 South 48th St. Phoenix, AZ 85044480-443-1600 X555
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