Saturday, October 29, 2016 1:36:03 PM
9/20/16 PR, "LOCATION OF THE FACILITY WILL_BE_MADE_PUBLIC_ONCE_SIGNAGE_IS_UP_AND_SITE-INSURANCE_RIDERS_ARE IN PLACE"!!!_http://www.marketwired.com/press-release/american-green-consolidates-office-to-phoenix-cultivation-site-otc-pink-erbb-2159823.htm
TEMPE, AZ--(Marketwired - Sep 20, 2016) - American Green, Inc. (OTC PINK: ERBB) consolidated its primary office with its Phoenix cultivation site to achieve the greatest operational efficiency for both its current and future undertakings. Besides the future grow facility revenue expected at the site, day-to-day engagement with the process has already produced up to three additional locations for duplication. By reducing to dedicated staff who are willing to work building real company value and a willingness to be on location, the company is already experiencing positive growth. The location of the facility will be made public once the signage is up and site-insurance riders are in place. In spite of the current trend to hide such locations, American Green is confident that its security measures will enable the company to be as transparent in its progress as it can be. The goal is to allow shareholder tours throughout the facility beginning sometime in October.
"After a month of analysis, the Board of Directors and consulting staff have determined that the past plan needed a serious overhaul favoring simplicity and speed," says David Gwyther, American Green chairman and acting president. "The move comes at a time when both the company and market forces require steadfast, focused effort and commitment to a clear plan designed to insure overall corporate health when the inevitable upswing arrives which will likely benefit those cannabis-connected companies left standing. There are some that over-build because they can, and those that can't quite achieve lift-off. Our numbers show that for who we are and where we are, this is the best possible scenario," Gwyther concludes.
Incorporating fundamental, yet quality building methods with state-of-the-art materials, the site will feature consistency in temperature and humidity, a comprehensive plan for security and hygiene, a limited number of strains targeting primary needs for medicinal marijuana, and an adequate space to expand into the higher-margin extraction business. In a forthcoming update coinciding with the issuance of a Certificate of Occupancy (necessary to begin legal cultivation), American Green's Phoenix grow facility will publish estimated yields and subsequent revenues based on actual spaces that are built and operational. With the November election and the possibility to legalize 'recreational' cannabis, the company believes its current estimates are conservative with a primary goal of operating in the "black" within six months of putting the first plants in their grow medium.
IN MY OPINION
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