Phoenix, AZ and NIPTON, CA -- April 05, 2018 -- InvestorsHub
NewsWire -- American Green,
Inc. (ERBB:OTC) is pleased to announce that American
Green has received certificates representing 160,000 shares
of Delta International Oil and Gas (OTCQB:DLTZ) Series A
Secured Convertible Preferred Stock.
Furthermore, American Green will deliver certificates
representing 1,000,000 shares of Nipton, Inc. (100% of the equity
of Nipton, Inc.) to Delta today, and as a result Delta holds title
to all of the properties in Nipton acquired by American Green in
2017.
American Green now holds more than 82% of the equity/voting
power of Delta. Delta will be operated as a subsidiary of American
Green and we will be consolidating Delta’s earnings on our
financial statements.
As a fully reporting public company, Delta can access a
different investor tier to raise capital utilizing registered
offerings, as well as the private placement structures that
American Green has utilized in the past. This hybrid of
capital-raising is expected to result in less costly capital and
less overall dilution for American Green shareholders.
By raising capital through the sale of equity, Delta’s assets
will grow and eventually be able to qualify for exchange listing,
opening additional opportunities for capital, and, as a
consolidated subsidiary, American Green’s book value will grow
concurrently with Delta’s, increasing shareholder value.
Delta intends to register up to $5,000,000 of non-voting
preferred stock on Form S-1 in order to fund future development in
Nipton, and other projects, including, first and foremost, the
consolidation of any properties, mostly already under contract, of
any real value in the Ivanpah Valley in which Nipton is located.
Expanding from there, Delta plans to capitalize on any
opportunities for projects that present themselves. Some of these
may include the National Preserve, the Bureau of Land Management
and, potentially, San Bernardino County, in order to ensure that
our consolidated interests in Nipton are protected, and
enhanced, while establishing and maintaining strong relationships
with the relevant authorities, as well as any other interested
parties that desire to see the area improved and the area’s natural
beauty preserved.
Beyond the real estate already in the queue, most anticipated
infrastructure projects will fall under Delta’s purview, with a
strong focus on those projects that can provide the largest
increase in shareholder value. While both American Green and Delta
strongly believe that cannabis and industrial hemp represent a
better future, both for Nipton and the Nation, being located within
a short distance of two very large metropolitan areas, Nipton can
support myriad other legal uses beyond cannabis and hemp. Those
uses can include solar energy, transportation infrastructure,
manufacturing and data storage. Nothing is off the table, and many
projects remain on the drawing board, all of which will, of course,
comply with all State and County requirements.
Until a prospectus can be completed, registered and approved for
sale by the SEC, Delta plans to offer accredited
investors the opportunity to purchase up to $1,500,000
convertible debt, having already secured commitments for no less
than $500,000.
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 mayidentified 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 Delta International
On April 2, 2018, in exchange for shares of our common
stock, Delta International Oil and Gas purchased from
American Green its subsidiary Nipton, Inc., a California
corporation, the assets of which are comprised of all of the real
estate properties included in the unincorporated township of
Nipton, California (“Nipton”). Nipton is located near the
Nevada border a short distance from Rte. 15, the principal highway
between Los Angeles and Las Vegas.
American Green, Inc., now our controlling stockholder, is the
second oldest publicly-traded cannabis company in America and has
participated in nearly all facets of the cannabis market.
Delta’s management’s intentions are for Delta’s Nipton, Inc.
subsidiary to act solely as a property developer and lessor for
companies in the medical or recreational cannabis sectors in the
State of California, including such initiatives as the
transformation of nearly-abandoned towns (such as Nipton) into
"cannabis-friendly" destinations. It has been American
Green’s vision (and now, Delta’s vision) to use Nipton, California
as a revitalization model for other near-deserted small towns
across America while retaining as much of the town’s and region’s
natural charm, a directive that is paramount to American Green.
American Green will remain under contract with Delta to manage the
Nipton Asset and Project for 10 years.
American Green, Inc. Investor Relations 11011 South 48th St. Phoenix, AZ 85044480-443-1600 X555
American Green (PK) (USOTC:ERBB)
Historical Stock Chart
From Aug 2024 to Sep 2024
American Green (PK) (USOTC:ERBB)
Historical Stock Chart
From Sep 2023 to Sep 2024