American Green to Hold Shareholder Meeting; Agenda to Include Authorizing Dividend, Restating Articles and Appointing Auditor
October 23 2018 - 8:22AM
InvestorsHub NewsWire
Phoenix, AZ -- October 23, 2018 -- InvestorsHub NewsWire --
Today American Green (ERBB:OTC)
announces that it will be holding its annual meeting in December.
The record date for the determination of shareholders entitled to
vote at the meeting will be October 26, 2018 and the vote will be
held on or about December 19, 2018. The Company intends to begin
circulating a Proxy Statement to shareholders during the first week
of November.
American Green’s Board of Directors will be asking the
shareholders to vote on several issues including a restatement of
our Articles of Incorporation, granting the Directors the power to
distribute a portion of the shares of CannAwake
Corporation stock held by the Company to our
shareholders as a dividend, and the appointment of an auditor,
among other housekeeping items.
Semple, Marchal &
Cooper, LLP (“SMC”) have been
selected as our independent auditors. Upon confirmation by the
stockholders, and final acceptance by SMC, SMC will commence an
audit of American Green, in accordance with the standards of the
PCAOB. Thereafter, American Green intends to file a Reg A+ to raise
capital for working capital and expansion of our other businesses,
including, but not limited to expanding into other legal cannabis
facilities nationwide.
In other news, the cultivation site that the company financed
and built at the direction of licensee Natural Herbal
Remedies, commenced cultivation on July 23, 2018 and is
currently harvesting and curing product and expects to begin
receiving revenue from sales in the next few weeks. Per our
agreement to finance and manage the facility for Natural Herbal
Remedies, American Green will begin to receive management payments
concurrently.
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 certified, 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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