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*****Town of Nipton Sells Itself to American Green,

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1vman Member Level  Thursday, 08/20/20 08:32:08 PM
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*****Town of Nipton Sells Itself to American Green, a Silly Penny Stock Company
August 6, 2017 at 10:40 am

The media bit hard on this story, but not one writer took the time to discuss the most perplexing aspect of the story: How can this company afford the purchase? American Green is proud to have been in the cannabis industry since 2009, but it has very little to show for its efforts to date. A review of its recent financials for the fiscal 2017 third quarter ending March 31, show a company in distress:

Cash of just $191K
Assets of $2.096mm, but only $296K of which are current
Liabilities of $8.76mm, over $8mm of which are due within a year
Negative equity of $6.67mm




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