American Green Inc (ERBB)

[KickolasNage]

American Green only leases the grow facility

They collect a "management fee" and that's it. The real sales revenue is funneled through outside companies.

Take a look at the financial report to see how much the current facility is making them. For three months ending March 31st, 2021, the grow facility netted them a whopping... $536,000. Not too bad. Cost of operation is $148,000, making a net profit of about $388,000.

Net losses for that same period exceeded $471,000... mainly as a result of salaries, staff consultants, officer compensation, interest on loans, and rent and utilities.

They can't even break even. This company is so riddled with expensive debt and high operating expenses that even a fully functional 12,000 sqft grow facility still sees net losses of millions per year for American Green.