American Green, Inc.™ (OTC:ERBB) Issues Update on U.S. Cannabis Cultivation Expansion
March 01 2021 - 9:00AM
InvestorsHub Cannabis NewsWire
American Green, Inc.™
(OTC:ERBB) Issues Update on U.S. Cannabis Cultivation
Expansion
Gierczyk Architects are
Completing Design and Building Plans for 20,000 SF Cannabis
Cultivation Building
PHOENIX, AZ
- March 1, 2021 - InvestorsHub NewsWire
- Today,
American Green,
Inc. (ERBB:OTC)
issued
an updated overview for its shareholders highlighting the following
news and events pertaining to ERBB's Cannabis
Cultivation Expansion for 2021. Over the
past four months, American Green™ has been conducting it's due
diligence regarding plans to increase its cannabis cultivation
footprint in the U.S.
"Gierczyk
Developments architectural team is currently completing design and
build plans for an Arizona location that will house a 20,000
SF Cannabis Grow with additional plans to add another 16,000 SF of
Cannabis Grow Space,"
according to
David G. Gwyther, the Company's president.
Bryan
Croteau, American Green's VP of Cultivation states,
"A 20,000
square foot building coupled with a 16,000 SF addition will
increase the Company's total Cannabis Grow Space another 36,000 SF.
Total estimated annual revenue for this project will be
approximately $11,000,000 and we anticipate net revenue to be about
$7,000,000 per year."
Planned
with the
additional development are state-of-the-art kitchen facilities and
manufacturing space for American Green-branded cannabis
edibles, concentrates,
and CBD products. Chef Dee Russell
(aka "Edible
Dee" and "The Happy Chef") will be instrumental in the development
of all of American Green's cannabis recipes and marketing
strategies.. Chef Dee also is a the Company's key consultant on the
design of the grow's kitchen and edibles manufacturing
space.
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.
In
2009, American Green, Inc.
became America's
second publicly-traded company in the cannabis sector. American
Green now, with its more than 50,000 certified beneficial
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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