American Green Inc (ERBB)

[Saving Grace]

I see that now. I'm sorry I didn't understand at first.

On October 31, 2023, the Company’s property located at 2325 W. Cypress Street in Phoenix was foreclosed
upon as a result of the Company’s inability to refinance the property due, in the opinion of management, to a
Mechanic’s Lien filed by the primary contractor on the project of approximately $2.2M dollars. The Company disputes
the amount of the lien and is exploring its legal options under Arizona law.
The Company has been sued by a leasing company over approximately $900,000 in equipment for our Cypress
facility. The Company is negotiating the sale of that equipment and hopes to settle the suit with the proceeds of this
proposed sale.
The Company has also been sued on behalf of a lender to whom it defaulted on a loan with a face value of
approximately $300,000.
The Company has been sued by Glorious Extracts over the termination of its rental of space at our Virginia Grow.
Management believes that we had more than sufficient grounds to terminate their presence in our facility. Settlement
discussions continue