American Green Adds 50% More Shareholders and Plans more Expansion within the Cannabis Industry
PHOENIX, AZ , April 01, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – American Green, Inc. (OTC:ERBB) announces that Broadridge Financial Services has completed counting American Green’s total number of officially-certified beneficial owners as of March 9, 2022. According to American Green president David G. Gwyther, “The Broadridge Financial Solutions report confirms there are over 77,000 current beneficial owners of ERBB common shares - a more than 50% increase over the 50,000 owners since the last survey was completed at the end of 2016.”
“It’s great to see that our continual efforts to increase the shareholder value of American Green haven’t gone unnoticed,” continues Mr. Gwyther. “The Company has been taking an aggressive approach to the expansion of its overall business footprint, especially in the cannabis sector, as demonstrated by the company’s recent acquisition, design, and ongoing build-out of American Green’s new 40,000 square foot “Cypress Chill” indoor cannabis grow in downtown Phoenix. We will continue to seek out and develop new Cannabis and CBD opportunities throughout the United States. We plan to continue growing premium cannabis for our license holders such as Curaleaf (at our “Sweet Virginia” cannabis grow), as well as continue creating high-quality CBD products for the discriminating companies with whom we continue to do our hemp-related business, including Amazon, Vendweb, Groupon, and eBay,” concludes Mr. Gwyther.
The Company wishes to note here that the official count includes only those shareholders who don’t object to their names being released to our company. Those people are referred to as Non-Objecting Beneficial Owners (or NOBO). Those shareholders who object to their names being disclosed to the company are called Objecting Beneficial Owners (or OBOs) and their count is not included in the announced totals. In the past, those OBO shareholders have represented approximately 10% of the total, or, in American Green’s case, about 7,000 additional shareholders, compared to the approximately 77,000 shareholders opting to have their information listed as officially certified shareholders of American Green to be included on the NOBO list.
The company that completes the count, Broadridge Financial Solutions, Inc. has relationships with almost all of the brokerage firms in the US and, for decades, has been relied upon by public companies around the world to deliver accurate beneficial shareholder counts, as well as in the delivery of shareholder notices in accordance with SEC rules and regulations. Because Broadridge charges the company a fee based on the number of total shareholders, American Green only hires Broadridge to conduct their shareholder count once every few years.
Read more about American Green's newest division VendWeb here
Video Demonstration of the AGX Age Identification and Age Verification Vending Machine
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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 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 sustainably
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.
