Wednesday, May 01, 2019 6:39:32 PM
Secondly, American Green does not have a license to grow, sell, or process marijuana. They are being hired to grow marijuana for another company. That company is selling the product under the blanket of Swell Farm. There is no American Green flower, edibles, extracts, or anything else. It’s why they only made $35K last quarter and had a 75% cost of sales.
Thirdly, the vending machine isn’t in a single dispensary in the country. The only one that might be outside of AGs pilot program is in a barbershop, and we aren’t certain that it isn’t another pilot machine. Besides that, we just started seeing the AGM being marketed as the SmartPan Pro. AG may have given up the rights to the machine to Pan Pacific, and AG only owns 5% of that company.
Everything about this company is smoke and mirrors, but you know that.
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