American Green Signs Joint Venture Agreement for License and Management of Concentrate Facility in Colorado
TEMPE, AZ--(Marketwired - Jul 16, 2015) - American Green, Inc. (OTC Pink: ERBB) announced today it has taken a giant leap towards its stated goal of licensing the American Green brand to producers of various cannabis products. It was the natural step following our announcement of July 7 regarding the managed services agreement with Herbal Elements. Not only does it solidify the relationship, it creates a formula for duplication that will enable our goal of enabling product continuity from state to state; and, it establishes a process by which American Green can appear in several states as a branded partner providing national recognition of its name and the products found in partner dispensaries.
Stephen Shearin, president of American Green, stated, "It has always been the goal that American Green, the brand, should be a household name in the marijuana sector. As the market matures into a consumer product, we want to collaborate with valued partners to instill trust, quality, and consistency in a variety of popular cannabis products. We have a great partner in Herbal Elements and its president, Greg Honan. Our first facility in the Eagle/Vail area will supply the state of Colorado with premium American Green concentrates for the medical and recreation markets. Colorado is projected to hit $900,000,000 in combined medical and recreational sales this year. We fully intend to represent a piece of that market."
"We've been working together for over a year discussing how this could take shape and the time is right to start the American Green product line. We believe our new extraction processes will create consistent, quality extractions for medical and recreational use. Our central location is perfect for statewide distribution. We're excited to broaden our relationship with American Green, to license their brand, and together manage the growth of our products in Colorado," added Mr. Honan of Herbal Elements, now a licensed American Green Partner.
Be sure to visit the company's website at www.americangreen.com and sign up for the company's emails alerts to stay current on news.
Shareholders and interest holders may also stay current with American Green Updates:
Twitter: @American__Green (two underscores), or
Facebook: https://www.facebook.com/americangreenusa
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, 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.
About American Green, Corp.
In 2009, American Green, Corp. became one of the first publicly traded technology companies in the world serving the medical cannabis industry beginning with the introduction of the company's proprietary ZaZZZ machine developed to automate, age-verifying dispensing of cannabis-based medicines. Our mission is to remain a leader within the cannabis and industrial/medicinal hemp industry embracing innovation within all seed-to-sale sectors by leveraging our team of professionals, as well as value-added companies and products. American Green is actively involved in activities that span cultivation, manufacturing and extraction, retail, and community outreach. We are challenged by this exploding new industry every day and strive to develop sustainable and responsible businesses that will thrive and endure in our constantly evolving marketplace.
Contact:
American Green, Inc.
Investor Relations
1221 W Warner Rd, Suite 103
Tempe, AZ 85284
480-443-1600 X555
izzy806
ellievsbear