PHOENIX, AZ, Oct. 23, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Today American Green (ERBB:OTC) announces that it will be holding its annual meeting in December. The record date for the determination of shareholders entitled to vote at the meeting will be October 26, 2018 and the vote will be held on or about December 19, 2018. The Company intends to begin circulating a Proxy Statement to shareholders during the first week of November.
American Green’s Board of Directors will be asking the shareholders to vote on several issues including a restatement of our Articles of Incorporation, granting the Directors the power to distribute a portion of the shares of CannAwake Corporation stock held by the Company to our shareholders as a dividend, and the appointment of an auditor, among other housekeeping items.
Semple, Marchal & Cooper, LLP (“SMC”) have been selected as our independent auditors. Upon confirmation by the stockholders, and final acceptance by SMC, SMC will commence an audit of American Green, in accordance with the standards of the PCAOB. Thereafter, American Green intends to file a Reg A+ to raise capital for working capital and expansion of our other businesses, including, but not limited to expanding into other legal cannabis facilities nationwide.
In other news, the cultivation site that the company financed and built at the direction of licensee Natural Herbal Remedies, commenced cultivation on July 23, 2018 and is currently harvesting and curing product and expects to begin receiving revenue from sales in the next few weeks. Per our agreement to finance and manage the facility for Natural Herbal Remedies, American Green will begin to receive management payments concurrently.
News 
Market Data 
Discover 
