American Green's Medical Cannabis Facility in Phoenix Receives Approval from DHS-Arizona
June 12 2018 - 8:30AM
InvestorsHub NewsWire
Code Named Sweet Virginia, the Facility Will Immediately Commence
Operations together with Their Licensed Grow Partner, NHR
Phoenix, AZ -- June 12, 2018 -- InvestorsHub NewsWire --
Today American Green, Inc. (ERBB:OTC) announced that its
state-of-the-art, 12,000 square foot medical cannabis grow facility
is opening in Phoenix and is commencing operations immediately. All
products produced will be sold through our licensed grow partner,
Natural Herbal Remedies.
After almost 3 years, having to overcome one challenge after
another, the American Green Cultivation facility has received final
approval from the Arizona Department of Health Services. "The
American Green grow facility project was quite an undertaking with
many moving parts and major legislative obstacles that had to be
satisfied prior to approval," said Danny Harris, American Green’s
General Contractor.
The American Green Grow Team leveraged the extended build-out
time to ensure that the facility not only met expectations, but
exceeded them. The absolute latest technologies are in place and
include custom fertigation, real-time data monitoring to precisely
control water and electric usage along with ceramic metal halide
bulbs/hoods.
"We wanted to set the bar by utilizing best practices,
standards, and the latest technologies," said Cory Anderson, the
company’s Chief Grow Officer, “...and I can report that we have met
that goal. When one is working with a core team of professionals
who are dedicated to success, the ‘sky's the limit.’ It makes
coming to work a joy, not a burden.”
The American Green grow team is currently procuring rooted,
female clones to ensure that their first harvest meets and exceeds
expectations. We believe that this 12,000 sq. ft. facility can
generate first year gross revenues for the Company, and its
partners, in the range of $2MM. The company intends to offer its
genetics to other local Arizona cultivators beginning the 4th
quarter of 2018.
ERBB ON!
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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.
Contact: American Green, Inc. Investor Relations 11011 South 48th St.Phoenix, AZ 85044480-443-1600 X555
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