Quarterly Cannabis Cultivation
69% over the same period last year.
"Sweet Virginia" grow continues to
outperform previous revenue numbers
PHOENIX, AZ -- January 31, 2023 -- InvestorsHub NewsWire -- Today
announced that during the last quarter, revenue increased by 69%
over the same period last year.
The Company's installation of new LED lighting, dehumidifiers, and
new grow management techniques have significantly increased
production at its "Sweet Virginia" cannabis grow operation.
David G. Gwyther, president of American Green said, "We are very
excited to see a substantial revenue increase in our cannabis
numbers from Q2 2022 to Q2 2023. Revenue increased by 69%, despite
the fact no harvests were conducted in any of the last four
upgraded rooms until December 13.
Revenue from our previous harvests in fully renovated cannabis grow
rooms have produced an average of 126% in revenue
increases over rooms that had not been upgraded. All 10
grow rooms are now fully renovated, functional, and are growing
premium cannabis on a continual harvest cycle. We expect that this
quarters' numbers will roughly double the same period last
The increased numbers show that we were correct in making the
decision to upgrade Sweet Virginia's electrical service and grow
Cultivation Management Revenue
FY 2023 Q2 vs
FY 2022 Q2
2022 (Oct - Dec)
2023 (Oct - Dec)
* Q2 2023 revenue numbers are preliminary
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American Green's Main
American Green, Inc.
In 2009, American Green,
Inc. became America's second publicly-traded Company in the
cannabis sector. American Green, 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
2902 W. Virginia
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 the Company's
current expectations 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.