Code Named Sweet Virginia, the Facility Will Immediately Commence Operations together with Their Licensed Grow Partner, NHR
PHOENIX, AZ, June 12, 2018 (GLOBE NEWSWIRE) -- Today American Green, Inc. (ERBB:OTC) announced that its state-of-the-art, 12,000 square foot medical cannabis grow facility is opening in Phoenix and is commencing operations immediately. All products produced will be sold through our licensed grow partner, Natural Herbal Remedies.
After almost 3 years, having to overcome one challenge after another, the American Green Cultivation facility has received final approval from the Arizona Department of Health Services. "The American Green grow facility project was quite an undertaking with many moving parts and major legislative obstacles that had to be satisfied prior to approval," said Danny Harris, American Green’s General Contractor.
The American Green Grow Team leveraged the extended build-out time to ensure that the facility not only met expectations, but exceeded them. The absolute latest technologies are in place and include custom fertigation, real-time data monitoring to precisely control water and electric usage along with ceramic metal halide bulbs/hoods.
"We wanted to set the bar by utilizing best practices, standards, and the latest technologies," said Cory Anderson, the company’s Chief Grow Officer, “...and I can report that we have met that goal. When one is working with a core team of professionals who are dedicated to success, the ‘sky's the limit.’ It makes coming to work a joy, not a burden.”
The American Green grow team is currently procuring rooted, female clones to ensure that their first harvest meets and exceeds expectations. We believe that this 12,000 sq. ft. facility can generate first year gross revenues for the Company, and its partners, in the range of $2MM. The company intends to offer its genetics to other local Arizona cultivators beginning the 4th quarter of 2018.
ERBB ON!
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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 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.