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ERBB's majority of revenue is from selling premium weed in AZ
CNBC says their market cap is about 2.5MM
$ERBB market cap about 3MM to 4MM today
quarterly reports should be posted soon
ERBB-Sweet-Virginia-Grow-Still-Growing-and-Selling-Weed
Looking forward to the next quarter's report from ERBB
come on
Revenue at VIRGINIA was expected to go up from the previous year, not Cypress, get the properties straight. Virginia is generating revenue, Cypress is not generating revenue. Cypress has NEVER been listed for sale for 12MM by american green. That screenshot from a phone is BS. Show me an actual property listing for sale on SPECIFICALLY 2325 W. Cypress for 12MM BY ERBB? No way to do that, because it never happened.
read the very bottom of this post
Cypress Building was NEVER listed for 12MM
There is a lot of bad information on this board. Do your own research.
ERBB end of year financials due out soon...
Marijuana recommendation by US health agency
https://abcnews.go.com/Health/wireStory/senators-hail-health-dept-recommendation-ease-restrictions-marijuana-102821094
WASHINGTON -- The U.S. Department of Health and Human Services has delivered a recommendation to the Drug Enforcement Administration on marijuana policy, and Senate leaders hailed it Wednesday as a first step toward easing federal restrictions on the drug.
HHS Secretary Xavier Becerra said Wednesday on X, the platform formerly known as Twitter, that the agency has responded to President Joe Biden's request “to provide a scheduling recommendation for marijuana to the DEA.”
“We’ve worked to ensure that a scientific evaluation be completed and shared expeditiously,” he added.
Senate Majority Leader Chuck Schumer said in a statement that HHS had recommended that marijuana be moved from a Schedule I to a Schedule III controlled substance.
“HHS has done the right thing,” Schumer, D-N.Y., said. “DEA should now follow through on this important step to greatly reduce the harm caused by draconian marijuana laws.”
Rescheduling the drug would reduce or potentially eliminate criminal penalties for possession. Marijuana is currently classified as a Schedule I drug, alongside heroin and LSD.
According to the DEA, Schedule I drugs "have no currently accepted medical use in the United States, a lack of accepted safety for use under medical supervision, and a high potential for abuse."
Schedule III drugs “have a potential for abuse less than substances in Schedules I or II and abuse may lead to moderate or low physical dependence or high psychological dependence.” They currently include ketamine and some anabolic steroids.
Biden requested the review in October 2022 as he pardoned thousands of Americans convicted of “simple possession” of marijuana under federal law.
Senate Finance Committee Chairman Ron Wyden, D-Ore., issued a statement calling for marijuana to be completely descheduled. “However, the recommendation of HHS to reschedule cannabis as a Schedule III drug is not inconsequential," he added. “If HHS’s recommendation is ultimately implemented, it will be a historic step for a nation whose cannabis policies have been out of touch with reality.”
Bloomberg News first reported on the HHS recommendation.
In reaction to the Bloomberg report, the nonprofit U.S. Cannabis Council said: “We enthusiastically welcome today’s news. ... Rescheduling will have a broad range of benefits, including signaling to the criminal justice system that cannabis is a lower priority and providing a crucial economic lifeline to the cannabis industry.”
$ERBB-fact...-year-over year-revenue-has-increased
End of third quarter 2022 revenue $1,573,231
End of third quarter 2023 revenue $ 3,071,133
market cap currently sitting at about $3,345,000 at today's price .0008
otcmarkets.com
ERBB year-end fiscal numbers due in September
ERBB has always filed. otcmarkets.com under the disclosures tab for recorded history
Applying for a rs and getting one, is VERY different
A rs could be a helpful thing for the company. There is NO WAY to say it would for sure be bad for the company. It could be good for the company. .
They failed to file periodic accounting reports
This is why they were suspended from trading and then the registration was revoked
They were a fully reporting company up to the end of 2018
Previous to being in the real estate development business they were an oil and gas exploration company called delta oil and gas
CANX has not filed any 8K's since 2019
failing to report in 2020,2021,2022, and was revoked for not filing in 2023
CANX did file 8K's in 2019
Although it, only seems to have filed 2 of them and needed to file 4
CANX is not trading consistently
From what I can see, a few trades were getting through while it was suspended before it was revoked.
$ERBB-PR-$4-MILLION-ANNUAL REVENUE PROJECTED
https://finance.yahoo.com/news/american-green-otc-erbb-increases-123000533.html
Sooooo EASY to find ERBB weed at Curaleaf
It's all in a previous PR
ERBB is used in certain curaleaf "select" brand vape products. "Select" is Curaleafs top of the line brand The MAC is available at the Curaleaf on Greenway Hayden loop in Scottsdale. In a vape cart or in a cliq pen and it's probably in many of their other dispensaries. They do sell weed and weed sells out, especially if its a great weed like ERBBs
The factual information is out there...... so is the conjecture and the fake info
I see a TON of wrong information about ERBB here!
ERBB can and does sell its cannabis directly to a dispensary. It's in the PR. Private Reserve.
American Green (OTC:ERBB) Launches Its Own Branded Premium Cannabis "Private Reserve" Flower in Arizona
https://finance.yahoo.com/news/american-green-otc-erbb-launches-113000797.html
This is just one example. There are a LOT
Get real research and information!
ERBB last PR
I like when they give us their corporate view
https://finance.yahoo.com/news/american-green-otc-erbb-issues-123000244.html
What matters is what Gwyther has done since he became president
The company was poorly run by Stephen and Jonathon Miller, if you gave both of those guys a C and an A they couldn't spell CAT
Gwyther has the company with projected revenue of about $4 million is a big deal for a pink sheet company. Look forward with Gwyther not backward
with Shearin and Miller! Here is a PR that shows huge progress
$ERBB-Beats-Yr-Over-Yr-Quarterlies-by-69%-$874K-in-Revenue
And the new grow rooms were not fully in use! They are now....
ERBB keeps on bringing good news. This shows again that Gwyther knows what he is doing. When he started that Grow had maybe a million in revenue now it looks like there will be over 4 million this year in revenue. This is only a 12k sf building with only 10 rooms.
Watch out when they are growing in their new 40,000 sf building in a year. Im not sure how many rooms there will be but it will be a way better building because it's specifically designed to grow weed and will be state of the art. The Virginia building has just been renovated and that's why the numbers are higher but I have to believe the numbers at the new building will crush.
They are well on their way to over $4Million in revenue now from the Virginia Grow. . Awesome for a pink sheet company and their WEED is awesome. Get some in AZ at almost any dispensary in Curaleaf Select Vape products
https://ih.advfn.com/stock-market/USOTC/american-green-pk-ERBB/stock-news/90098292/american-green-otc-erbb-quarterly-cannabis-cultiva
American Green (OTC:ERBB) Quarterly Cannabis Cultivation Revenue Increased 69% over the same period last year.
January 31 2023 - 07:30AM
InvestorsHub NewsWire
American Green (OTC:ERBB)
Quarterly Cannabis Cultivation Revenue Increased
69% over the same period last year.
"Sweet Virginia" grow continues to outperform previous revenue numbers
PHOENIX, AZ -- January 31, 2023 -- InvestorsHub NewsWire -- Today American Green (ERBB:OTC) 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 year.
The increased numbers show that we were correct in making the decision to upgrade Sweet Virginia's electrical service and grow equipment."
Sweet Virginia Cultivation Management Revenue
FY 2023 Q2 vs FY 2022 Q2
Fiscal Quarter
Gross Revenue*
Q2 FY 2022 (Oct - Dec)
$515,259
Q2 FY 2023 (Oct - Dec)
$874,522
Increase ($)
$359,263
Increase (%)
69.72%
* Q2 2023 revenue numbers are preliminary
Shareholders and interest holders may sign up for American Green corporate email updates including press releases delivered directly to your inbox. Visit:
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/
About American Green, Inc.
$ERBB-Issues-Strategic-Corporate-Overview
https://finance.yahoo.com/news/american-green-otc-erbb-issues-123000244.html
Looking to Further Expand Its Cannabis Business in 2023
PHOENIX, AZ, Feb. 14, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – American Green (ERBB: OTC) In May of 2022, American Green purchased the approximate 40,000 sf building now known as American Green’s “Cypress Chill” cannabis facility located at 2325 W. Cypress St. Phoenix, AZ. for $3.75MM. American Green announced today that The Company is, again, looking to expand its cannabis grow business in 2023.
“American Green is looking at a potential cannabis grow property South of the city of Phoenix. It is also looking to purchase a cannabis license to own and operate a cannabis dispensary in Arizona. This dispensary would allow American Green to sell its premium cannabis products directly to the public and would complete a full seed-to-sale business model. The Company has also been looking at potential cannabis grow and dispensary opportunities in Nevada,” said David G. Gwyther, president.
The Company continues to have an excellent working relationship with Curaleaf, who has been purchasing almost all of the premium cannabis grown at its “Sweet Virginia” grow facility since June 2020. The products are in over 70 Arizona dispensaries. American Green also launched its first American Green branded premium “ Private Reserve “ cannabis flower in 2022, now sold in select dispensaries in Arizona.
2022 was a pivotal year for American Green. It completed the building renovations and upgrades needed to support all of the new cannabis equipment upgrades at its “Sweet Virginia” and now expects fiscal year-over-year revenue to more than double to about $4,000,000 million annually. American Green also completed demolition construction on its “Cypress Chill” grow facility, and the architectural plans are in the final stages of review with the City of Phoenix.
American Green plans to launch new and more effective CBD products on Amazon and other e-commerce sites this year. The company is also in the process of redesigning its corporate and CBD retail websites. Once complete, American Green will look to start an aggressive advertising campaign to help build its overall corporate brand awareness and product sales through retail and e-commerce sites.
The Company also acquired the Vendweb vending company in 2022. Vendweb is the supplier of American Greens AGX facial recognition age-verifying smart vending machines. Vendweb also has a retail vending machine business division that has now been integrated into The Company.
“American Green is laser-focused on improving its existing business verticals in 2023, and we are aggressively looking to expand further into the cannabis and CBD businesses. We are looking for the best possible opportunities for American Green and its shareholders,” Mr. Gwyther concluded.
Shareholders and interest holders may sign up for American Green corporate email updates, including press releases delivered directly to your inbox.
American Green's Main Website at www.americangreen.com
Bullish
BULLISH
SOOOOO-MUCH-FALSE-CONJECTOR
I DO MY OWN RESEARCH
. ERBB has only been in the Weed business for what, 4 years? And they have a contract with Curaleaf. I lmao at stuff that happened 20 years ago, totally irrelevant.
For me, the only thing that matters is what Gwyther is doing now and I look at his track record. The company is doing very well since Gwyther became president.
ERBB lasted through covid and that was a very difficult time, the Weed business is booming all over the country and this is just the beginning of the cycle... long way to go IMO.
LMAO-at $ERBB-has-no-Money-$4MM-REVENUE-on-the-way
Well, I read a recent PR that says they will have about 4MM in in revenue for fy 2023 2024 that seems like some money...
https://finance.yahoo.com/news/american-green-otc-erbb-increases-123000533.html
American Green (OTC:ERBB) Increases Revenue Projections from $2 Million to Exceed $4 Million in Fiscal Year 2023
Seems like they won't have many expense increases since Virginia grow has been up and running for 3 years....
Financials are due soon. And with another projected 2MM in revenue on the way, I like the FUTURE of erbb. Did I mention they have a 5 year contract with Curaleaf? What? Yup
I could care less about the past!!! Today and the future are what matters. Gwyther has been following up on everything in a great way since he became President of erbb.
As for billions of shares being shelled out for Vendweb, again, I lmao. a totally outrageous prediction. Yeah, I can pick a number out of the sky too. I say 1 share offer for vendweb financing. haha haha
LMAO at the Peter Jacobs obsession
Jacobs was the president of erbb 10 years ago? ERBB was not even a pot company back then, that's how long ago the guy was involved w ERBB. Jacobs was an investor in the company from way back then. Gwyther runs ERBB, there is no doubt. Any inference that he does not make all company decisions from his own views or views from the board of directors or even ERBB employees makes ZERO sense, Nada, Nunca, ZIP!
$ERBB-NEWS-Looking-For-A-DISPENSARY-LICENSE+WEED-Grow
American Green (OTC:ERBB) Issues Strategic Corporate Overview
love the aggressiveness that gwyther and ERBB are showing. to me, it is still the beginning of the whole weed market. when legalization comes there will be massive consolidation. Virginia grow seems to be running like a top now. All they need to do is get Cypress up and running for the next big addition to the company.
https://finance.yahoo.com/news/american-green-otc-erbb-issues-123000244.html
Looking to Further Expand Its Cannabis Business in 2023
PHOENIX, AZ, Feb. 14, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – American Green (ERBB: OTC) In May of 2022, American Green purchased the approximate 40,000 sf building now known as American Green’s “Cypress Chill” cannabis facility located at 2325 W. Cypress St. Phoenix, AZ. for $3.75MM. American Green announced today that The Company is, again, looking to expand its cannabis grow business in 2023.
“American Green is looking at a potential cannabis grow property South of the city of Phoenix. It is also looking to purchase a cannabis license to own and operate a cannabis dispensary in Arizona. This dispensary would allow American Green to sell its premium cannabis products directly to the public and would complete a full seed-to-sale business model. The Company has also been looking at potential cannabis grow and dispensary opportunities in Nevada,” said David G. Gwyther, president.
The Company continues to have an excellent working relationship with Curaleaf, who has been purchasing almost all of the premium cannabis grown at its “Sweet Virginia” grow facility since June 2020. The products are in over 70 Arizona dispensaries. American Green also launched its first American Green branded premium “ Private Reserve “ cannabis flower in 2022, now sold in select dispensaries in Arizona.
2022 was a pivotal year for American Green. It completed the building renovations and upgrades needed to support all of the new cannabis equipment upgrades at its “Sweet Virginia” and now expects fiscal year-over-year revenue to more than double to about $4,000,000 million annually. American Green also completed demolition construction on its “Cypress Chill” grow facility, and the architectural plans are in the final stages of review with the City of Phoenix.
American Green plans to launch new and more effective CBD products on Amazon and other e-commerce sites this year. The company is also in the process of redesigning its corporate and CBD retail websites. Once complete, American Green will look to start an aggressive advertising campaign to help build its overall corporate brand awareness and product sales through retail and e-commerce sites.
The Company also acquired the Vendweb vending company in 2022. Vendweb is the supplier of American Greens AGX facial recognition age-verifying smart vending machines. Vendweb also has a retail vending machine business division that has now been integrated into The Company.
“American Green is laser-focused on improving its existing business verticals in 2023, and we are aggressively looking to expand further into the cannabis and CBD businesses. We are looking for the best possible opportunities for American Green and its shareholders,” Mr. Gwyther concluded.
Shareholders and interest holders may sign up for American Green corporate email updates, including press releases delivered directly to your inbox.
American Green's Main Website at www.americangreen.com
Bullish
BULLISH
$ERBB-NEWS-Looking-For-A-DISPENSARY-LICENSE+WEED-Grow
love the aggressiveness that gwyther and ERBB are showing. to me, it is still the beginning of the whole weed market. when legalization comes there will be massive consolidation. Virginia grow seems to be running like a top now. All they need to do is get Cypress up and running for the next big addition to the company.
American Green (OTC:ERBB) Issues Strategic Corporate Overview
https://finance.yahoo.com/news/american-green-otc-erbb-issues-123000244.html
ERBB
0.00%
American Green, Inc.
Tue, February 14, 2023 at 5:30 AM MST
Looking to Further Expand Its Cannabis Business in 2023
PHOENIX, AZ, Feb. 14, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – American Green (ERBB: OTC) In May of 2022, American Green purchased the approximate 40,000 sf building now known as American Green’s “Cypress Chill” cannabis facility located at 2325 W. Cypress St. Phoenix, AZ. for $3.75MM. American Green announced today that The Company is, again, looking to expand its cannabis grow business in 2023.
“American Green is looking at a potential cannabis grow property South of the city of Phoenix. It is also looking to purchase a cannabis license to own and operate a cannabis dispensary in Arizona. This dispensary would allow American Green to sell its premium cannabis products directly to the public and would complete a full seed-to-sale business model. The Company has also been looking at potential cannabis grow and dispensary opportunities in Nevada,” said David G. Gwyther, president.
The Company continues to have an excellent working relationship with Curaleaf, who has been purchasing almost all of the premium cannabis grown at its “Sweet Virginia” grow facility since June 2020. The products are in over 70 Arizona dispensaries. American Green also launched its first American Green branded premium “ Private Reserve “ cannabis flower in 2022, now sold in select dispensaries in Arizona.
2022 was a pivotal year for American Green. It completed the building renovations and upgrades needed to support all of the new cannabis equipment upgrades at its “Sweet Virginia” and now expects fiscal year-over-year revenue to more than double to about $4,000,000 million annually. American Green also completed demolition construction on its “Cypress Chill” grow facility, and the architectural plans are in the final stages of review with the City of Phoenix.
American Green plans to launch new and more effective CBD products on Amazon and other e-commerce sites this year. The company is also in the process of redesigning its corporate and CBD retail websites. Once complete, American Green will look to start an aggressive advertising campaign to help build its overall corporate brand awareness and product sales through retail and e-commerce sites.
The Company also acquired the Vendweb vending company in 2022. Vendweb is the supplier of American Greens AGX facial recognition age-verifying smart vending machines. Vendweb also has a retail vending machine business division that has now been integrated into The Company.
“American Green is laser-focused on improving its existing business verticals in 2023, and we are aggressively looking to expand further into the cannabis and CBD businesses. We are looking for the best possible opportunities for American Green and its shareholders,” Mr. Gwyther concluded.
Shareholders and interest holders may sign up for American Green corporate email updates, including press releases delivered directly to your inbox.
American Green's Main Website at www.americangreen.com
Bullish
BULLISH
$ERBB-NEWS-Looking-For-A-DISPENSARY-LICENSE+WEED-Grow
love the aggressiveness that gwyther and ERBB are showing. to me, it is still the beginning of the whole weed market. when legalization comes there will be massive consolidation. Virginia grow seems to be running like a top now. All they need to do is get Cypress up and running for the next big addition to the company.
American Green (OTC:ERBB) Issues Strategic Corporate Overview
https://finance.yahoo.com/news/american-green-otc-erbb-issues-123000244.html
ERBB
0.00%
American Green, Inc.
Tue, February 14, 2023 at 5:30 AM MST
Looking to Further Expand Its Cannabis Business in 2023
PHOENIX, AZ, Feb. 14, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – American Green (ERBB: OTC) In May of 2022, American Green purchased the approximate 40,000 sf building now known as American Green’s “Cypress Chill” cannabis facility located at 2325 W. Cypress St. Phoenix, AZ. for $3.75MM. American Green announced today that The Company is, again, looking to expand its cannabis grow business in 2023.
“American Green is looking at a potential cannabis grow property South of the city of Phoenix. It is also looking to purchase a cannabis license to own and operate a cannabis dispensary in Arizona. This dispensary would allow American Green to sell its premium cannabis products directly to the public and would complete a full seed-to-sale business model. The Company has also been looking at potential cannabis grow and dispensary opportunities in Nevada,” said David G. Gwyther, president.
The Company continues to have an excellent working relationship with Curaleaf, who has been purchasing almost all of the premium cannabis grown at its “Sweet Virginia” grow facility since June 2020. The products are in over 70 Arizona dispensaries. American Green also launched its first American Green branded premium “ Private Reserve “ cannabis flower in 2022, now sold in select dispensaries in Arizona.
2022 was a pivotal year for American Green. It completed the building renovations and upgrades needed to support all of the new cannabis equipment upgrades at its “Sweet Virginia” and now expects fiscal year-over-year revenue to more than double to about $4,000,000 million annually. American Green also completed demolition construction on its “Cypress Chill” grow facility, and the architectural plans are in the final stages of review with the City of Phoenix.
American Green plans to launch new and more effective CBD products on Amazon and other e-commerce sites this year. The company is also in the process of redesigning its corporate and CBD retail websites. Once complete, American Green will look to start an aggressive advertising campaign to help build its overall corporate brand awareness and product sales through retail and e-commerce sites.
The Company also acquired the Vendweb vending company in 2022. Vendweb is the supplier of American Greens AGX facial recognition age-verifying smart vending machines. Vendweb also has a retail vending machine business division that has now been integrated into The Company.
“American Green is laser-focused on improving its existing business verticals in 2023, and we are aggressively looking to expand further into the cannabis and CBD businesses. We are looking for the best possible opportunities for American Green and its shareholders,” Mr. Gwyther concluded.
Shareholders and interest holders may sign up for American Green corporate email updates, including press releases delivered directly to your inbox.
American Green's Main Website at www.americangreen.com
Bullish
BULLISH
$ERBB-NEWS-LOOKING-FOR-A-DISPENSARY-LICENSE+WEED-GROW
love the aggressiveness that gwyther and ERBB are showing. to me, it is still the beginning of the whole weed market. when legalization comes there will be massive consolidation. Virginia grow seems to be running like a top now. All they need to do is get Cypress up and running for the next big addition to the company.
American Green (OTC:ERBB) Issues Strategic Corporate Overview
https://finance.yahoo.com/news/american-green-otc-erbb-issues-123000244.html
ERBB
0.00%
American Green, Inc.
Tue, February 14, 2023 at 5:30 AM MST
Looking to Further Expand Its Cannabis Business in 2023
PHOENIX, AZ, Feb. 14, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – American Green (ERBB: OTC) In May of 2022, American Green purchased the approximate 40,000 sf building now known as American Green’s “Cypress Chill” cannabis facility located at 2325 W. Cypress St. Phoenix, AZ. for $3.75MM. American Green announced today that The Company is, again, looking to expand its cannabis grow business in 2023.
“American Green is looking at a potential cannabis grow property South of the city of Phoenix. It is also looking to purchase a cannabis license to own and operate a cannabis dispensary in Arizona. This dispensary would allow American Green to sell its premium cannabis products directly to the public and would complete a full seed-to-sale business model. The Company has also been looking at potential cannabis grow and dispensary opportunities in Nevada,” said David G. Gwyther, president.
The Company continues to have an excellent working relationship with Curaleaf, who has been purchasing almost all of the premium cannabis grown at its “Sweet Virginia” grow facility since June 2020. The products are in over 70 Arizona dispensaries. American Green also launched its first American Green branded premium “ Private Reserve “ cannabis flower in 2022, now sold in select dispensaries in Arizona.
2022 was a pivotal year for American Green. It completed the building renovations and upgrades needed to support all of the new cannabis equipment upgrades at its “Sweet Virginia” and now expects fiscal year-over-year revenue to more than double to about $4,000,000 million annually. American Green also completed demolition construction on its “Cypress Chill” grow facility, and the architectural plans are in the final stages of review with the City of Phoenix.
American Green plans to launch new and more effective CBD products on Amazon and other e-commerce sites this year. The company is also in the process of redesigning its corporate and CBD retail websites. Once complete, American Green will look to start an aggressive advertising campaign to help build its overall corporate brand awareness and product sales through retail and e-commerce sites.
The Company also acquired the Vendweb vending company in 2022. Vendweb is the supplier of American Greens AGX facial recognition age-verifying smart vending machines. Vendweb also has a retail vending machine business division that has now been integrated into The Company.
“American Green is laser-focused on improving its existing business verticals in 2023, and we are aggressively looking to expand further into the cannabis and CBD businesses. We are looking for the best possible opportunities for American Green and its shareholders,” Mr. Gwyther concluded.
Shareholders and interest holders may sign up for American Green corporate email updates, including press releases delivered directly to your inbox.
American Green's Main Website at www.americangreen.com
$ERBB-MASSIVE-NEWS-REVENUE-TO-DOUBLE-TO-$4MILLION-A-YEAR
American Green (OTC:ERBB) Increases Revenue Projections from $2 Million to Exceed $4 Million in Fiscal Year 2023
The Company is already outperforming previous
revenue numbers after its successful renovation
PHOENIX, AZ (January 10, 2022) – Today American Green (ERBB:OTC) is guiding anticipated revenue higher for fiscal year 2023. The company is expecting fiscal year 2023 revenue to increase by more than 100 percent over fiscal year 2022 to as much as, or more than $4 million. The company is also expecting to beat year over year first quarter revenue by more than 100%.
American Green’s cannabis harvests have surpassed expectations at its “Sweet Virginia” Cannabis Grow operation in Arizona. All ten cannabis grow rooms are now fully renovated, upgraded, operational and have been harvested successfully. Sweet Virginia is already on its second full round of harvesting in its fully upgraded rooms.
Below are some numbers that our “Sweet Virginia” Grow has produced since implementing new grow management techniques, with its newly installed LED lighting and dehumidifiers.
The harvest from its first upgraded and completely renovated grow Room 8 produced $89,000 in revenue compared to its prior yield of $37,000 in revenue, a 140% increase.
The following table reflects the increases in the first six fully upgraded rooms:
“We are thrilled with our progress at the “Sweet Virginia” Grow since we launched it over three years ago. American Green beat its own revenue expectations. We had hoped that the improved operations, along with the new equipment, would bring an annual revenue increase of about 50%, up to $3 million. Now that the company has seen what the renovated and upgraded grow can produce in practice, we are pleased to announce that we are revising projections upward even more than we had anticipated. We now see annual revenue rising from previous levels of less than $2 million, to as much as, or more than $4 million. The “Sweet Virginia” Grow previously had nine grow rooms, and now has ten grow rooms that are all renovated with new equipment. The grow operations' electrical system was also upgraded during this renovation," said David G. Gwyther, president.
ROFLMAO Stephan-Has-Zero-Stock-and-Zero-Brains
hahahahs Stephan, what a joke, and FORMER employee ERBB was the luckiest company on earth to get rid of him and he is gone forever. The infatuation with Peter Jabobs is hilarious too. The guy has not worked there for over a decade I think. bawahahahahaha It's 2023 not 2013
-$ERBB-Signs-$12 Million-LOI-for-Funding-Cypress-Chil-Grow
American Green (OTC:ERBB) Signs $12 Million Dollar Non-Binding Letter of Intent for Funding of its Cypress Chill Cannabis Grow Building
American Green, Inc.
PHOENIX, AZ, Feb. 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Today American Green (ERBB: OTC) announced that it has signed a non-binding letter of intent for $12,000,000 with a private equity firm to fund the completion of the build-out at its “Cypress Chill” grow building that it purchased in May of 2022 for $3.75MM. The company will continue to provide the documentation required by the lender so it can get through the loan application process.
American Green will keep looking for the best possible funding opportunities for Cypress Chills construction and for the rest of the equipment needed to fully complete the state-of-the-art cannabis grow facility. We would like to thank two extremely important equipment suppliers for their time, expertise, and the supply of their excellent products. Agronomic IQ is supplying the majority of the HVAC equipment and controls that will help us dial in a great cannabis growing environment, and Dutch Direct is supplying the custom-made movable cannabis grow benches/tables that help to speed and simplify the cultivation process for the growers and also improve the working conditions for our employees.
Bullish
BULLISH
https://finance.yahoo.com/news/american-green-otc-erbb-signs-140800223.html
-$ERBB-Signs-$12 Million-LOI-for-Funding-Cypress-Chil-Grow
American Green (OTC:ERBB) Signs $12 Million Dollar Non-Binding Letter of Intent for Funding of its Cypress Chill Cannabis Grow Building
American Green, Inc.
PHOENIX, AZ, Feb. 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Today American Green (ERBB: OTC) announced that it has signed a non-binding letter of intent for $12,000,000 with a private equity firm to fund the completion of the build-out at its “Cypress Chill” grow building that it purchased in May of 2022 for $3.75MM. The company will continue to provide the documentation required by the lender so it can get through the loan application process.
American Green will keep looking for the best possible funding opportunities for Cypress Chills construction and for the rest of the equipment needed to fully complete the state-of-the-art cannabis grow facility. We would like to thank two extremely important equipment suppliers for their time, expertise, and the supply of their excellent products. Agronomic IQ is supplying the majority of the HVAC equipment and controls that will help us dial in a great cannabis growing environment, and Dutch Direct is supplying the custom-made movable cannabis grow benches/tables that help to speed and simplify the cultivation process for the growers and also improve the working conditions for our employees.
Bullish
BULLISH
https://finance.yahoo.com/news/american-green-otc-erbb-signs-140800223.html
-$ERBB-NEWS-just -out-Signs-$12 Million-LOI-for-Funding-Cypress-Chil-Grow
https://finance.yahoo.com/news/american-green-otc-erbb-signs-140800223.html
American Green (OTC:ERBB) Signs $12 Million Dollar Non-Binding Letter of Intent for Funding of its Cypress Chill Cannabis Grow Building
ERBB
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American Green, Inc.
Tue, February 7, 2023 at 7:08 AM MST
In this article:
ERBB
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American Green, Inc.
American Green, Inc.
PHOENIX, AZ, Feb. 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Today American Green (ERBB: OTC) announced that it has signed a non-binding letter of intent for $12,000,000 with a private equity firm to fund the completion of the build-out at its “Cypress Chill” grow building that it purchased in May of 2022 for $3.75MM. The company will continue to provide the documentation required by the lender so it can get through the loan application process.
American Green will keep looking for the best possible funding opportunities for Cypress Chills construction and for the rest of the equipment needed to fully complete the state-of-the-art cannabis grow facility. We would like to thank two extremely important equipment suppliers for their time, expertise, and the supply of their excellent products. Agronomic IQ is supplying the majority of the HVAC equipment and controls that will help us dial in a great cannabis growing environment, and Dutch Direct is supplying the custom-made movable cannabis grow benches/tables that help to speed and simplify the cultivation process for the growers and also improve the working conditions for our employees.
$ERBB-News-Signs-$12 Million-LOI-for-New-Weed-Grow
https://finance.yahoo.com/news/american-green-otc-erbb-signs-140800223.html
American Green (OTC:ERBB) Signs $12 Million Dollar Non-Binding Letter of Intent for Funding of its Cypress Chill Cannabis Grow Building
ERBB
0.00%
American Green, Inc.
Tue, February 7, 2023 at 7:08 AM MST
In this article:
ERBB
0.00%
American Green, Inc.
American Green, Inc.
PHOENIX, AZ, Feb. 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Today American Green (ERBB: OTC) announced that it has signed a non-binding letter of intent for $12,000,000 with a private equity firm to fund the completion of the build-out at its “Cypress Chill” grow building that it purchased in May of 2022 for $3.75MM. The company will continue to provide the documentation required by the lender so it can get through the loan application process.
American Green will keep looking for the best possible funding opportunities for Cypress Chills construction and for the rest of the equipment needed to fully complete the state-of-the-art cannabis grow facility. We would like to thank two extremely important equipment suppliers for their time, expertise, and the supply of their excellent products. Agronomic IQ is supplying the majority of the HVAC equipment and controls that will help us dial in a great cannabis growing environment, and Dutch Direct is supplying the custom-made movable cannabis grow benches/tables that help to speed and simplify the cultivation process for the growers and also improve the working conditions for our employees.
News Flash, "Air-Conditioners"-are-Important-for-Growing-WEED-indoors
hahaha, like you can just grow weed indoors without great HVAC equipment. Read the PR, it is Custom made HVAC equipment 13,500 pounds each. Great video in the PR today of them unloading one of them! The " lease " was a great move financially for ERBB
Good Job Mr. Gwyther!! Keep up the awesome work :)
American Green (OTC:ERBB)
Receives Equipment Lease Funding for its
40K s.f. Cypress Chill Cannabis Grow
PHOENIX, AZ -- February 2, 2023 -- InvestorsHub NewsWire -- Today American Green (ERBB:OTC) 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.
$ERBB-More-great-News-Equipment-Funding-from-Global!
What this means to me is that ERBB found an outside source to funding some of their HVAC equipment and was evaluated in full and was able to use the companies financials to get approved. A great win for ERBB. The financials are improving for sure and this year will be HUGE for them becuase it looks like annual revenue will be up 100 percent!!! Amazing. They are doing it the right way since Gwyther took over for thoes other jamkokes. This Cypress Chill is going to be an amazing grow once it is done
https://finance.yahoo.com/quote/ERBB?p=ERBB
American Green (OTC:ERBB) Receives Equipment Lease Funding for its 40K s.f. Cypress Chill Cannabis Grow
Thu, February 2, 2023 at 5:00 AM MST
In this article:
ERBB
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Phoenix, AZ - (NewMediaWire) - February 02, 2023 - Today American Green (ERBB:OTC) announced that it has received equipment lease funding for the 2 custom made AC adiabatic 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.
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LMAO at the Peter Jacobs obsession
Jacobs was the president of erbb 11 years ago? ERBB was not even a pot comapany back then, that's how long ago the guy was involved w ERBB. Jacobs was an investor in the company from way back then. Gwyther runs ERBB, there is no doubt. Any inference that he does not make all company decisions from his own views or views from the board of directors or even ERBB employees makes ZERO sense, Nada, Nunca, ZIP!
I love todays Pr and the Numbers
It show progress and ERBB will end up being profitble and running on it's own this year. Selling great weed. It's a huge day today. Shows that their business model works. Their numbers are Real! They did 2 million ish in Rev last year and and now will do over 4 million, when before, there was NO GROW! and NO WEED! It was all FAKE
Well, ROFLMAO it was all REAL, there was WEED and now they have their own Private Reserve Weed that Curleaf lets them sell and they have a 5
year contract with Curaleaf. Plus, Curaleaf uses their weed in their top of the line Select Brand Weed Vape pens! Those are made with ERBB flower