Cannabis Grow Management, Online CBD Sales, and Smart Vending
Division all set to break revenue records in 2020 compared to
2019.
PHOENIX, AZ -- June 10, 2020 -- InvestorsHub NewsWire
-- American
Green (ERBB:OTC)
announced today that the strategic shifts that began in 2019 are
now paying dividends in every division. According to David
Gwyther, president of American Green, “During 2019 and early 2020,
the company had to make changes in every division to accommodate
the changing marketplace. I’m pleased to report that those
changes resulted in each division’s revenue improvements compared
to the same periods over the previous year.”
VP of CBD Worldwide Sales, Kevin Davis, said, “The key to the
success of the American Green Online CBD
Store is a combination of Top-Shelf Customer Service, The
Integration of Technology, Competitive Pricing, Easy Payment
Options, and Product Selection. Since our online CBD Store first
opened 3 years ago, our growth has been primarily driven by our
extreme sensitivity to customer feedback -- by listening very, very
carefully. Whether that means incorporating a capability to
quickly respond to customer questions via email or phone, and
making damn sure our customers know that they’re getting the best
CBD available and are 100% satisfied, even if that means staying on
the phone with them until they get all the information they
need.”
“Every customer is unique to us and when our store employees
show them the courtesy of our unrushed time -- whether by email or
phone, it is the only way we know of guaranteeing that our loyal
base returns to us. Other companies talk about achieving goals like
these, but we, at the American Green CBD Store live this
‘customer-driven lifestyle’ every day,” concludes Kevin.
According to Bryan Croteau, American Green’s VP of Grow
Operations, “As the world comes out of quarantine and things get
back to the ‘new normal,’ American Green’s ‘Sweet Virginia’ is
turning out some of the highest grade cannabis found in Arizona and
is hard at work upgrading its production facility while producing
American Green’s newest cannabis product line. Our Sweet Virginia
facility is proud to announce that the first wave of American
Green Full Spectrum Solventless Concentrate products have hit
the retail shelves at the Kind Meds licensed dispensary
located at 2152
South Vineyard, Suite 120, Bldg 7, Mesa AZ 85210.”
American Green’s Sweet Virginia grow operation is most proud of
its Ice-water-extracted Bubble Hash which is also
known as “Full Melt,” because it leaves no residue when compared to
standard hash which has been made the same way for hundreds of
years. According to Mr. Croteau, “Our special process manually
removes the THC trichomes using nothing but ice and water and
produces one of the safest and most natural concentrates available
anywhere. If you are a current medical patient in the State of
Arizona, we highly recommend a trip to Kind Meds for an
opportunity to taste our best grown flowers in the form of
concentrate! I would call first before making the trip to
ensure that the American Green Bubble Hash has not been sold out,
as we anticipate high demand for this premium product.”
The Sweet Virginia Grow has also recently added 10% of canopy
space as an additional flower room thus enabling the operation to
increase its revenues by about 10% per annum. This new space will
allow for production of an extra 240 plants every 8 weeks. We are
also constantly streamlining tasks to be as efficient as possible,
which has allowed us to cut our current payroll costs by about 12%
when compared to last quarter.
The American Green Machine (AGM) Division has been working
to add new features to its Smart Vending Kiosk such as lower risk
touchless shopping which will allow vending customers to utilize a
QR Code and be able to use their own cell phone to interact with
our AGM Kiosk. Employing “Covid-19 Sensitivity,” customers
will no longer need to touch the machine to view the AGM’s products
with the goal of allowing customers to complete their entire
transaction on their smartphone. This new feature has been
designed to be “backwards compatible” thus enabling the feature to
be available for existing machines already in service and is now
ready to rollout. According to AGM Division VP, Lindel Creed,
“We are very excited with the progress of the AGM kiosk as sales
increase this year and more customers become convinced that the AGM
is the best verified vending system on the market.”
If you are an experienced vending route operator serving a major
market and wish to add a complete line of fully legal CBD products
to your existing route, you should contact Mr. Lindel Creed at
American Green’s AGM Vending Division located in Gastonia, North
Carolina. You can email Lindel at lindel@americangreen.com or call
him on his direct line at 704-718-3158.
Shareholders and interest holders may also stay current with
American Green Updates:
American Green’s Main Website at www.americangreen.com
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. American Green now, with its more
than 50,000 individual certified shareholders, is one of the
largest (in shareholder count) 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 be 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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