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Friday, June 18, 2021

American Green Inc (OTCMKTS: ERBB) Major 2nd Leg Brewing as Co Closes Lease on 35,000 SF Facility

American Green Inc (OTCMKTS: ERBB) is making another powerhouse move up the charts towards the $0.023 a level once surpassed will propel ERBB into a whole new trading range after the Company announced it has signed a lease with an option to buy a 35,100 square foot building located in Phoenix, Arizona, and is expected to generate $10 million in annual revenue when fully operational.  The additional revenue is approximately 500% more annual revenue than American Green’s current $2 million annual revenue.  The new facility will house a state-of-the-art kitchen for the manufacture of premium edible and concentrate cannabis products. Interior design will incorporate a two-tiered layout designed to maximize revenue as well as square footage. 

ERBB took off late last year out of sub penny land and has skyrocketed to recent highs of $0.023 per share. As long-term penny stock speculators know ERBB has a long history of highly explosive moves and with a shareholder base exceeding 50,000 stockholders of record ERBB should be at the top of most speculators watch lists. Currently under heavy accumulation ERBB is moving steadily northbound with many new investors buying in every day. ERBB is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over $0.023 and its blue skies ahead. 

American Green Inc (OTCMKTS: ERBB) is among the original pot stocks starting back in 2009 the Company became America’s second publicly-traded company in the cannabis sector. 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 its team of professionals in cultivation management, manufacturing, extraction, wholesale, retail, and community outreach, strives to develop sustainable initiatives in the cannabis-adjacent and CBD industries, laser-focused on adding company and shareholder value. 

The Company operates out of a 12,000 sq ft modern and very efficient grow facility in West Phonix, Arizona where they have invested around $3 million. Recently American Green won a lawsuit against the building owners who were trying to incrase the rent.  

The stock took off last year after the Company announced for the six-month period ending December 31, 2020, it has reached all-time highs in sales and gross profits. The Company’s cannabis grow management operation in Phoenix, called “Sweet Virginia,” delivered a record $892,265 in revenue compared to the same six-month period in 2019 of $773,079. Along with this revenue growth, the grow management operation booked gross profits of $636,848 compared to $511,510 in the same period of the previous year.  Its revenues and gross profits were 15% and 24% higher than the same periods in the previous year. 

Company president David Gwyther said, “I am extremely pleased that we booked these record numbers. Our team put in an amazing effort last year during very trying times and for us to report our best numbers ever is a credit to them and to the people who believe in our company and products. Our online CBD division also hit record sales numbers for the same six-month period ending December 31, 2020. Revenue was up 10% and profitability was up a significant 41% as a result of greater overall efficiencies and bulk purchasing power.  American Green continues to gain momentum with the American Green Online Emporium and is very pleased with the sales of selected American Green products offered through Amazon which began a few months ago. Look for additional Hemp products to be released for sale on Amazon in March and in the coming months. A great number of Cannabis and CBD opportunities have opened up for American Green in Arizona – our home state – and throughout the United States. We plan to take full advantage of these expansion opportunities appearing right in front of us. This will allow for continued record-setting revenues and gross profits.   We are looking forward to a great year for American Green and our shareholders,” concluded Mr. Gwyther. 

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Earlier this month ERBB announced it has been selling the majority of its Premium Cannabis grown at its “Sweet Virginia” Grow operation to Venom Extracts — a Curaleaf Holdings, Inc. licensee. Over the past year, American Green has been working with and developing a great relationship with Venom Extracts.  

American Green started out selling its premium cannabis on the wholesale market. However, as time went on the Company identified a need for premium quality fresh-frozen cannabis, used for producing top quality concentrate products. Currently, American Green-grown premium cannabis products are available to quality-minded customers in more than 50 dispensaries under various high-end cannabis brands throughout Arizona.   Venom has been purchasing a large majority of American Green’s harvests and using the product to create a variety of Live Resin offerings. They are extracting the terpenes from our premium cannabis and using them in many of the Select** Brand concentrate products. Venom is also producing THCA diamonds using American Green’s premium cannabis. 

On May 6 ERBB announced it has signed a lease with an option to buy a 35,100 square foot building located in Phoenix, Arizona, and is expected to generate $10 million in annual revenue when fully operational.  The additional revenue is approximately 500% more annual revenue than American Green’s current $2 million annual revenue.  The new facility will house a state-of-the-art kitchen for the manufacture of premium edible and concentrate cannabis products. Interior design will incorporate a two-tiered layout designed to maximize revenue as well as square footage. 

American Green’s lease starts with an initial 5 years and includes an option for renewal for three more 5-year terms along with an option to purchase the building within 2 years of the lease start date.  This is the second cannabis operation for ERBB in its home state of Arizona. The new location is just a few miles from its current “Sweet Virginia” Grow Facility.  The new building is zoned “Commercial A-1” which is the appropriate zone to operate as a Cannabis Grow, subject to approval from the City of Phoenix.  American Green plans to employ approximately 35 people for the new development. 

The American Green laboratory will be producing top-tier concentrate offerings within its first year of operation. Medical and recreational users can look forward to what has already been established as the 2nd most desired cannabis product, “Live Resin,” “Diamonds and Sauce,” “Budder,” and “Applesauce” consistencies – each one of them produced using American Green’s proprietary in-house grown selection of cannabis genetics. 

As a follow up to an earlier news, Chef Dee Russell A.K.A. “Edible Dee” and “The Happy Chef” will be instrumental in the design of the kitchen, equipment purchases, and American Green’s premium edible and concentrate recipes. American Green will use Gierczyk Inc. for the design-build construction of the new facility. 

David G. Gwyther, American Green’s president, commented, “Utilizing every square foot of space strategically and efficiently will be a priority for us as we build out our newest facility. Our prime goal will be to create a state-of-the-art facility designed to exceed our estimate of adding $10 million a year in annual corporate revenues.” 

 

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American Green Inc (OTCMKTS: ERBB) is making another powerhouse move up the charts towards the $0.023 a level once surpassed will propel ERBB into a whole new trading range after the Company announced it has signed a lease with an option to buy a 35,100 square foot building located in Phoenix, Arizona, and is expected to generate $10 million in annual revenue when fully operational.  The additional revenue is approximately 500% more annual revenue than American Green’s current $2 million annual revenue.  The new facility will house a state-of-the-art kitchen for the manufacture of premium edible and concentrate cannabis products. Interior design will incorporate a two-tiered layout designed to maximize revenue as well as square footage.  ERBB took off late last year out of sub penny land and has skyrocketed to recent highs of $0.023 per share. As long-term penny stock speculators know ERBB has a long history of highly explosive moves and with a shareholder base exceeding 50,000 stockholders of record ERBB should be at the top of most speculators watch lists. Currently under heavy accumulation ERBB is moving steadily northbound with many new investors buying in every day. ERBB is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over $0.023 and its blue skies ahead. We will be updating on ERBB on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with ERBB.

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Disclosure: we hold no position in ERBB either long or short and we have not been compensated for this article.

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