American Green Inc (ERBB)

[Pennystomper55]

Dec 08, 2015 - American-Green-Begins-Building-Its-Phoenix-Cultivation Site-for-Their-Licensed-Managed-Service-Client.

Almost 2 years later and still not even close to completion..

TEMPE, AZ--(Marketwired - Dec 8, 2015) - American Green, Inc. (OTC PINK: ERBB) today announced it has begun the major interior remodeling of its Phoenix-based indoor medical marijuana cultivation site after just receiving the proper permitting from the City of Phoenix. The Company had recently announced that the building will house a 12,000 square foot medical marijuana cultivation facility intended for use by its licensed tenant-client -- Natural Herbal Remedies. First-stage interior demolition is expected to take 3 to 4 weeks followed by a buildout of the facility. When complete, the location will be a best-in-class operation that will produce Premium American Green-branded products for its licensed network of affiliates throughout the State of Arizona.

"Once demolition is complete, we will immediately begin a phased buildout of the cultivation facility. We have selected a Master Grower who has provided the required plans for us, paving the way for our architect and general contractor," says Jonathan Miller, American Green, Chief Operating Officer. "The phased approach is intended to provide Natural Herbal Remedies with premium, medical marijuana products as quickly as possible, without sacrificing quality."

Construction of the Natural Herbal Remedy cultivation facility will be underway by year-end as we prepare to make American Green Premium marijuana products available to authorized Arizona buyers this coming year. The company expects to post revenue with profitable margins in 2016. Here we are in September of 2017, and still pissing away millions of dollars pretending to build this share selling lie.

"One hundred percent of our efforts are focused on developing our joint venture partnerships into multiple profit centers," stated American Green's Miller. "As previously announced, we will have American Green-branded product on the shelves for licensed retailers to sell this month in both Oregon and Colorado."

Each venture in Oregon, Arizona, and Colorado will operate under similar structures and policies designed specifically to fall within the scope of state and local regulations. Expansion of the American Green brand includes standardization of high-quality products, procedures, and methodologies, with a robust forecast for 2016 as new opportunities and partnerships continue to present themselves.

David Gwyther, American Green Chairman, commented, "We are excited to see all of these new initiatives come to fruition as we prepare American Green for a very positive new year. Our entire focus is driven by one overall goal -- to achieve a healthy and profitable business model for our company. As these opportunities evolve into profitable business segments, we will continue to expand into other very lucrative medical and recreational cannabis market segments, and by doing so, we will hopefully remind our shareholders why we all made the decision to own a piece of American Green in the first place."