American Green Inc (ERBB)

[KickolasNage]

Summary of Dec 2018 Quarterly Report - Financials:

Well, for one, it was over a month late. Let's see why.

Financials:

Net loss: -$1,021,296 for 3 months ending Dec 2018
Net loss: -$1,957,397 for 6 months ending Dec 2018

OF WHICH...

$1,185,756 was net loss for operations of American Green
$744,535 was net loss for operations of CannAwake...

Biggest expenses? "Consultants" and interest on their debt.

Total liabilities: $18,617,505

Revenues?

Machine Sales: $79k Cost of Sale: $56.9k
Online Store Sales: $15.4k Cost of Sale: 11.3k
Management Revenue: 145k Cost of Sales: $110k
Paw Puddy Sales: $38k Cost of Sales: $26k

No revenue from Nipton or lottery sales.

So we are looking at a whopping... $73k in gross profit to support a net loss of over a million dollars for the quarter ending Dec 2018.

But hey, we finally get some grow facility numbers! American Green made $145k - $110k in costs... so a paultry $35k in revenue for the quarter from grow facility that supposedly went live last June. Yikes.

But let's continue...

Cash End of Period: $147,611

That's it. They paid $7 million for a town, wasted millions on a grow facility, acquired $18 million in liabilities, and all they have to show for it is... $147k in cash. What a joke.

During the quarter ended December 31, 2018 the Company issued 1,478,843,509 common shares. Two debentures held by two separate unaffiliated Holders were retired that collectively had $185,000 of principal and $39,708 of accrued interest by issuing 690,510,476 common shares to the Holders. Partial payments on three debentures held by three separate unaffiliated Holders were made by issuing 788,333,333 common shares to pay $147,667 of principal and $33,833 in accrued interest

That's a lot of shares issued.

Subsequent to December 31, 2018 the Company issued a total of 4,036,571,233 common shares to payoff $508,981 of debt. The payments were to retire six debentures to three separate unaffiliated Holders that collectively had $365,768 of principal and $103,213 of accrued interest and a partial payment to an unaffiliated Holder of $40,000.

That's even more shares issued.

No wonder they had to increased the A/S to 30 billion shares. To pay off all their stinkin' debt.

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Summary? Stay away from this one. This company is swimming in debt and has to issue billions upon billions of shares to stay afloat, and the price is already tapping 0.0001 any day now. This over-diluted garbage company fails miserably at generating revenue all while paying exuberant amounts of money for more failed projects that never come to fruition. This company will have to reverse split if they want to keep selling shares, and when that happens, they'll just keep conning investors into thinking this is a legitimate marijuana company when it's not. It's a share selling scam.