*****AGs CURRENT BURN_RATE_OF_630K_PER_QUARTER_PUTS_THEM_MINUS 2.52 MILLION FOR THE YEAR
SO THE APPROXIMATE ESTIMATE GIVEN BY GWYTHER OF 1.5 MILLION / YEAR LEAVES THEM A MILLION IN THE HOLE !!! ASSUMING ALL THAT MONEY IS AGs AND NOT SPLIT WHICH IT IS !!!
NOT TO MENTION THE DEBT FOR THE GROW OP BUILDING OF 2.7 MILLION
THEN THERES NIPTON - 7.5 MILLION DEBT WITH NEXT TO NOTHING IN THE WAY OF REVENUES REPORTED
THEN THERES RENT FOR AGs NEW HQ ! , PAYROLL ETC - GROW OP FAR TO SMALL TO PULL AG OUT OF THE BOWL
The complexity in getting that grow open was self imposed. They rented a building in the wrong zoning and the building was too close to an existing dispensary. Had they rented or preferably bought a building in a proper area the process would have been much more smooth. They wouldn’t have spent almost three years “jumping through hoops” and they could have stayed on budget. The complexity of the grow is a testament to the poor management of this company. If they had come in on time and on budget they would have made some money before the market was saturated. They could have looked at expanding and made a grab at a share of the market. Now they are just scavenging for the scraps left by the big dogs. The company is in debt and it will stay that way.
Code Named Sweet Virginia, the Facility Will Immediately Commence Operations together with Their Licensed Grow Partner, NHR
PHOENIX, AZ, June 12, 2018 (GLOBE NEWSWIRE) -- Today American Green, Inc. (ERBB:OTC) announced that its state-of-the-art, 12,000 square foot medical cannabis grow facility is opening in Phoenix and is commencing operations immediately. All products produced will be sold through our licensed grow partner, Natural Herbal Remedies.
After almost 3 years, having to overcome one challenge after another, the American Green Cultivation facility has received final approval from the Arizona Department of Health Services. "The American Green grow facility project was quite an undertaking with many moving parts and major legislative obstacles that had to be satisfied prior to approval," said Danny Harris, American Green’s General Contractor.
The American Green Grow Team leveraged the extended build-out time to ensure that the facility not only met expectations, but exceeded them. The absolute latest technologies are in place and include custom fertigation, real-time data monitoring to precisely control water and electric usage along with ceramic metal halide bulbs/hoods.
"We wanted to set the bar by utilizing best practices, standards, and the latest technologies," said Cory Anderson, the company’s Chief Grow Officer, “...and I can report that we have met that goal. When one is working with a core team of professionals who are dedicated to success, the ‘sky's the limit.’ It makes coming to work a joy, not a burden.”
The American Green grow team is currently procuring rooted, female clones to ensure that their first harvest meets and exceeds expectations. We believe that this 12,000 sq. ft. facility can generate first year gross revenues for the Company, and its partners, in the range of $2MM. The company intends to offer its genetics to other local Arizona cultivators beginning the 4th quarter of 2018.
ERBB ON!
BELOW IS AN OLD ERBB MJ GROW OP FLOOR PLAN I HAVE. THE ACTUAL FLOOR PLAN MAY BE DIFFERENT.
THE NUMBER OF PEOPLE "LIKING" & FOLLOWING AMERICAN GREEN CONTINUES INCREASING BECAUSE INVESTORS ARE NOW REALIZING ERBB's CONTINUING PROGRESS VERIFIED BY MANY PHOTOGRAPHS!!!
***ERBB FACEBOOK 11673 'LIKES' 11982 'FOLLOWS'_KEEP_INCREASING_ON_GREAT_PROGRESS!_https://www.facebook.com/americangreenusa/ THE NUMBER OF PEOPLE "LIKING" & FOLLOWING AMERICAN GREEN CONTINUES INCREASING BECAUSE INVESTORS ARE NOW REALIZING ERBB's CONTINUING PROGRESS VERIFIED BY MANY PHOTOGRAPHS!!!
THE NUMBER OF PEOPLE "LIKING" & FOLLOWING AMERICAN GREEN CONTINUES INCREASING BECAUSE INVESTORS ARE NOW REALIZING ERBB's CONTINUING PROGRESS VERIFIED BY MANY PHOTOGRAPHS!!!