"Sweet Virginia," American Green's Managed Premium Cannabis Operation in Phoenix, Arizona Hits Revenue Milestone this Month
June 27 2019 - 8:26AM
InvestorsHub NewsWire
"Sweet Virginia," American Green's Managed Premium Cannabis
Operation in Phoenix, Arizona Hits Revenue Milestone this Month
-- Arizona Supreme Court
upholds the sale of cannabis concentrates and infused
foods --
American Green expands kitchen capabilities
Phoenix, AZ -- June 27, 2019 -- InvestorsHub NewsWire -- Today,
American Green (ERBB:OTCPK) announced that it has achieved two
major goals involving both revenue and quality for the cannabis it
has grown and processed under American Green's Management Agreement
with licensor, Natural Herbal Remedies.
The Sweet Virginia Grow has surpassed $870,000 in cannabis sales
after just 7 months of operation and is now operating at
near-capability within its 12,000 sq. ft. Phoenix facility.
The Company is on track to achieve its next milestone of $1,000,000
in sales sometime this summer (FY2019) as the company expands its
Phoenix kitchen facilities in accordance with the latest Arizona
Supreme Court ruling permitting the production and sales of
cannabis-infused products within its licensed facilities.
According to American Green's president, David Gwyther, "The Sweet
Virginia Grow reached its first major sales milestone faster than
originally expected, and is a true testament to the quality of the
products and the strength of our team managing our Phoenix grow
facility."
American Green-grown "connoisseur quality" medical marijuana is
currently being sold in 36 Arizona state-licensed dispensaries who
sell high-quality cannabis products to their patients. These
dispensaries represent more than 33% of all of Arizona's active
Medical Marijuana patients. This milestone was achieved by
carefully integrating Sweet Virginia's output with the
ever-changing needs of Arizona's cannabis marketplace. Sales
Manager, Ryan Anderson and Grow Manager, Bryan Croteau have put
forth tremendous effort in educating the dispensary agents
throughout the state and for organizing many patient-focused
educational events throughout the state that underscore the
importance of properly applied medical marijuana medication
integrated with the appropriate high-quality American Green-grown
cannabis - some of the highest quality of cannabis medicine found
in the state.
Mr. Gwyther continues, "We've spent over 3 years and have
overcome tremendous challenges in getting the Sweet Virginia
Phoenix Grow to this point, and I see signs of great progress ahead
for this grow and our future medical marijuana grow management
operations. Our cannabis products have consistently been
certified lab tested as some of the highest quality in the
State. The American Green Grow Management Team is
laser-focused on producing only top medical grade quality cannabis
flower and has recently expanded its product line to include
medical-grade cannabis concentrates and other after-market cannabis
edibles."
When asked to explain the difference between American Green's
"Premium" medical-grade cannabis products and its competitors'
large batch-produced cannabis, Grow General Manager Bryan Croteau
states that "Similar to a micro brewery beer being compared to a
large batch-produced BudWeiser,(TM) our products are geared towards
patients who require connoisseur-grade medication, whose quality
stands out in a market which seems over-saturated with average
products."
With the company's top-shelf management team in place producing
some of the highest grade cannabis medicine in the state,
shareholders can expect to hear future news regarding the expansion
of the company's grow management talent in Arizona and other
states.
Shareholder and other interest-holders can follow American Green
in order to learn more about the company's grow management
experience and full-scale production taking place in the heart of
Phoenix Arizona.
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 70,000 certified, individual shareholders, more than any other
company in the cannabis-adjacent sector, American Green's mission
is to lead the cannabis industry, leveraging its 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.
Contact:
American Green, Inc.
Investor Relations
2902 W. Virginia Ave.
Phoenix, AZ 85009
480-443-1600 X555
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