American Green Inc (ERBB)

[Rat Fink]

1-10-23 PR!!! ERBB INCREASES REV_PROJECTIONS_FOR_FY_2023!!!_https://finance.yahoo.com/news/american-green-otc-erbb-increases-123000533.html?.tsrc=fin-srch

EXCERPT BELOW FROM LINKED PR:

American Green (OTC:ERBB) Increases Revenue Projections from $2 Million to Exceed $4 Million in Fiscal Year 2023

The Company is Already Outperforming Previous Revenue Numbers After Its Successful Renovation

PHOENIX, AZ , Jan. 10, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Today American Green (ERBB:OTC) is guiding anticipated revenue higher for fiscal year 2023. The Company is expecting fiscal year 2023 revenue to increase by more than 100 percent over fiscal year 2022 to as much as, or more than $4 million. The Company is also expecting to beat year over year first quarter revenue by more than 100%.

American Green’s cannabis harvest’s have surpassed expectations at its “Sweet Virginia” Cannabis Grow operation in Arizona. All ten cannabis grow rooms are now fully renovated, upgraded, operational and have been harvested successfully. Sweet Virginia is already on its second full round of harvesting in its fully upgraded rooms.

Below are some numbers that our “Sweet Virginia” Grow has produced since implementing new grow management techniques with its newly installed LED lighting and dehumidifiers.

The harvest from its first upgraded and completely renovated grow Room 8 produced $89,000 in revenue compared to its prior yield of $37,000 in revenue, a 140% increase.

The following table [in link] reflects the increases in the first six fully upgraded rooms: https://finance.yahoo.com/news/american-green-otc-erbb-increases-123000533.html?.tsrc=fin-srch

“We are thrilled with our progress at the “Sweet Virginia” Grow since we launched it over three years ago. American Green beat its own revenue expectations as it was expecting that the improved operations, along with the new equipment, would bring its annual revenue an increase of about 50%, or $3 million annually. Now that The Company has seen what the renovated and upgraded grow can produce, we are pleased to announce that we are revising projections upward more than we had anticipated and see annual revenue rising from less than $2 million annually to as much as, or more than $4 million. The “Sweet Virginia” Grow previously had nine grow rooms and now has ten grow rooms that are all renovated with new grow equipment. The grow operations electrical system was also upgraded during this renovation, said David G. Gwyther, president.”

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American Green’s Main Website at www.americangreen.com

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