American Green’s “Sweet Virginia” Cannabis Grow Operation has just surpassed $3,000,000 in total sales revenues since opening and is operating profitably.
PHOENIX, AZ, Oct. 28, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Today American Green’s (ERBB:OTC) grow management division was given the green light to expand its current cannabis production by 300% in 2021. The current grow management in Phoenix, at the company’s flagship operation “Sweet Virginia,” have proven successful in both profitability and in developing a well-earned reputation producing consistently high-quality cannabis in high demand.
According to David Gwyther, American Green’s president and chairman, “I’ve asked our head of grow operations, Bryan Croteau, in concert with the company’s real estate consulting team, to begin vetting qualified locations in Arizona. We expect to make a location decision before year’s end. Once the new site is outfitted and permitted to begin growing, we plan to export the same successful grow management techniques we employ at the ‘Sweet Virginia’ grow in Phoenix. By doing so, American Green should produce consistently high quality cannabis which we believe will lead to high demand for our superior product, and duplicate the success we experienced at the Sweet Virginia Grow over the past several years.”
In other news, Arizonans will be voting next week (Nov 3rd) on whether to make cannabis and cannabis products available to recreational users over the age of 21. Currently, cannabis is only available in Arizona by prescription. Should the measure pass next week, the company believes this will have a positive impact on both demand and price per pound of American Green’s high-quality cannabis products.
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About American Green, Inc.
American Green, Inc. became, in 2009, America’s second publicly-traded company in the cannabis industry. American Green now, with its more than 50,000 certified beneficial shareholders, is one of the largest (in shareholder count) in the cannabis sector. American Green's mission is to lead the cannabis and premium CBD industry. Leveraging our team of professionals in cultivation management, manufacturing, extraction, wholesale, retail, and community outreach, we strive to develop sustainable initiatives in the cannabis-adjacent and CBD industries, laser-focused on adding company and shareholder value.
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American Green, Inc.
2902 W. Virginia Ave
Phoenix, AZ 85009
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, be should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.