American Green Hits Operational
Breakeven in 2020
PHOENIX, AZ -- February 19, 2020 -- InvestorsHub NewsWire --
Today, American
Green (ERBB:OTC)
is proud to announce that, as of this quarter, the company has
achieved operational break even for the first time since it entered
the cannabis sector. The company’s president, David Gwyther,
stated, “It’s been a long haul, to be sure. While we have
been making progress toward becoming self-sustaining for quite a
while, the company has continually needed outside investor dollars
to cover shortfalls as they arose. Now, without the need to
fund operating deficiencies whenever they arose, the company will
need to borrow less; thus, slowing the need for capital and the
resulting issuance of additional outstanding shares. Borrowing,
when necessary, will now only be limited to actions intended to
increase the company’s bottom line in the near, medium, and
long-term.”
American Green operates 3 divisions:
- The Medical Cannabis Grow
Management Division - The company maintains and
operates a 12,000 sq ft high-quality medical marijuana grow
facility in Phoenix, AZ for its licensor, Natural Herbal
Remedies. American Green spent almost $3 million transforming
what was a defunct rebar manufacturing facility into a
state-of-the-art medical cannabis grow operation. The premium
crop, which is harvested in weekly cycles, is grown indoors under a
long term building lease. The company made several major
adjustments following its December board meeting that enabled the
division to become cash flow positive on a monthly basis. The
general manager of the company’s medical cannabis operations is
Bryan Croteau.
During most daytime hours, shareholders can witness, first hand,
the company’s high-grade product being grown in its Phoenix
facility, affectionately dubbed “Sweet Virginia,” because of its
location on Virginia Avenue. (https://americangreen.com/live/).
Shareholders may also go to the main American Green website and
click on the “LIVE” tab at the top during most business hours to
view the action.
- The American Green
Online CBD Store - The company’s CBD store
provides pharmaceutical-quality CBD products to people who need
them throughout the United States. “We have employed new
efficiencies in our manufacturing processes which have allowed us
to consistently provide new products based on consumer demand and
our team has passed these efficiencies on to the consumer, creating
more competitive pricing throughout our entire product line,” says
Kevin Davis, Vice President of Worldwide Sales. “The store
has doubled its product offerings in the past year as we never stop
searching for more CBD products of the highest quality to offer our
new and repeat customers. Store revenue is projected to
double again in 2020,” concludes Davis. American Green Shareholders
receive an every-day discount of 20% on most store offerings (PROMO
CODE: INVESTOR) which can be viewed
at https://americangreencbd.com/shop/..
- American Green’s
Proprietary AGM (automated vending machine)
Division - Headed by Lindel Creed, Vice President
of Machine Vending, is located in the company’s Charlotte (NC) area
facility, American Green has been perfecting its fully-automatic
vending kiosk that is able to identify age-appropriate users, and
dispense controlled products to patrons on the spot. The American
Green AGM has been designed to dispense CBD, Beer, Cannabis or
other products, wherever licensed and lawful, and can confirm the
actual identity of the user through 21st Century vein-reading
technology that is far more accurate than fingerprint recognition
technology. American Green has been working to perfect the
integration of this technology for over 3 years and is seeing an
increase in sales for its machines in 2020. Shareholders may
assess the AGM and its features by visiting here: https://americangreen.com/kiosks/.
According to Mr. Gwyther, “The company certainly acknowledges
that 2019 has been a trying year for us and our shareholders, but
as our divisions expand and improve, I project that 2020 will be
the ‘Year of American Green.’ It’s only appropriate because
on April 20, 2020 at 4:20 in the afternoon, it will be ‘420’ four
times on the same day.”
Please consider subscribing to
our The American Green CBD Store Weekly
Deals where we hand-select a collection of CBD products
that have been marked down 20-75% with deals reset every
Friday. American Green shareholders receive a 20%
discount (see below) and we securely process all
credit card sales in the US which has become an extremely valuable
security feature in the CBD sector.
American Green CBD Store Resources
Grab Your American Green Mystery Box
For a limited time, we are offering American
Green Mystery Boxes.
Save
up to $150.00 on authentic American
Green Apparel (while supplies last).
Promo codes work for all Mystery Boxes through
Friday, February 21st (12:01 AM EST).
Currently we offer 3 Mystery Boxes which are shown below:
Why Shop American Green?
- Free Shipping On All Orders
- Large Selection of Products (over 140
items and growing)
- 100% USA Made Products
- All Products are THC-FREE (they contain
0.00% THC)
- 20% Discount For Shareholders (promo
code INVESTOR)
- Weekly
Deals (new deals every week)
American Green accepts: Visa, MasterCard, American Express,
Discover, and Diners Club (which are securely processed in the
USA).
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/
About American Green, Inc.
American Green,
Inc. became, in 2009, America’s second publicly-traded
company in the cannabis industry. Now, with over 60,000 individual
certified shareholders, more than any other company in the cannabis
sector, American Green's mission is to lead the cannabis and
premium CBD industry. Leveraging our team of professionals in
cultivation management, manufacturing, extraction, wholesale,
retail, and community outreach, we strive to develop sustainable
initiatives in the cannabis-adjacent and CBD industries,
laser-focused on adding company and shareholder value.
For more information -
Contact:
American Green, Inc.
Investor Relations
2902 W. Virginia Ave
Phoenix, AZ 85009
480-443-1600 X555
investor@americangreen.com
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.
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