American Green (OTC:ERBB)
Receives Equipment Lease Funding for
40K s.f. Cypress
Chill Cannabis Grow
PHOENIX, AZ -- February 2, 2023 -- InvestorsHub NewsWire -- Today
announced that it has received equipment lease funding for the 2
custom made AC adiabatic fluid fluid coolers (each weighing over
13,500 lbs) delivered last year. This HVAC equipment is on site and
our plans call for it to be installed at the Cypress Chill cannabis
grow operation as soon as the structural steel is installed to
support it. Equipment funding was provided by Global Financial
Leasing Services LLC.
"We decided to fund this HVAC equipment with an equipment lease
because the lease provided a better overall financial opportunity
for American Green. The new equipment is integral for the
completion of our approximately 40K sf Cypress Chill cannabis grow.
Deposits had been made against this equipment previously and we are
very pleased to get the equipment lease funding for the over
$400,000 balance owed. Global Financial recently inspected the
equipment at our Cypress Chill facility and subsequently funded the
first of two leases." said David G. Gwyther, American Green
In 2009, American Green,
Inc. became America's second publicly-traded Company in the
cannabis sector. American Green, with its more than 75,000
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 -
American Green, Inc.
2902 W. Virginia Ave
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.