June 27 press release
June 27, 2019 at 11:42 pm #130546
Sweet Virginia,” American Green’s Managed Premium Cannabis Operation in Phoenix, Arizona Hits Revenue Milestone this MonthGlobeNewswireJune 27, 2019, 8:00 AM EDT
— Arizona Supreme Court upholds the sale of cannabis concentrates and infused foods
— American Green expands kitchen capabilities
PHOENIX, AZ, June 27, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Today, American Green (ERBB:OTCPK) announced that it has achieved two major goals involving both revenue and quality for the cannabis it has grown and processed under American Green’s Management Agreement with licensor, Natural Herbal Remedies.
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The Sweet Virginia Grow has surpassed $870,000 in cannabis sales after just 7 months of operation and is now operating at near-capability within its 12,000 sq. ft. Phoenix facility. The Company is on track to achieve its next milestone of $1,000,000 in sales sometime this summer (FY2019) as the company expands its Phoenix kitchen facilities in accordance with the latest Arizona Supreme Court ruling permitting the production and sales of cannabis-infused products within its licensed facilities. According to American Green’s president, David Gwyther, “The Sweet Virginia Grow reached its first major sales milestone faster than originally expected, and is a true testament to the quality of the products and the strength of our team managing our Phoenix grow facility.”
American Green-grown “connoisseur quality” medical marijuana is currently being sold in 36 Arizona state-licensed dispensaries who sell high-quality cannabis products to their patients. These dispensaries represent more than 33% of all of Arizona’s active Medical Marijuana patients. This milestone was achieved by carefully integrating Sweet Virginia’s output with the ever-changing needs of Arizona’s cannabis marketplace. Sales Manager, Ryan Anderson and Grow Manager, Bryan Croteau have put forth tremendous effort in educating the dispensary agents throughout the state and for organizing many patient-focused educational events throughout the state that underscore the importance of properly applied medical marijuana medication integrated with the appropriate high-quality American Green-grown cannabis – some of the highest quality of cannabis medicine found in the state.
Mr. Gwyther continues, “We’ve spent over 3 years and have overcome tremendous challenges in getting the Sweet Virginia Phoenix Grow to this point, and I see signs of great progress ahead for this grow and our future medical marijuana grow management operations. Our cannabis products have consistently been certified lab tested as some of the highest quality in the State. The American Green Grow Management Team is laser-focused on producing only top medical grade quality cannabis flower and has recently expanded its product line to include medical-grade cannabis concentrates and other after-market cannabis edibles.”
When asked to explain the difference between American Green’s “Premium” medical-grade cannabis products and its competitors’ large batch-produced cannabis, Grow General Manager Bryan Croteau states that “Similar to a micro brewery beer being compared to a large batch-produced BudWeiser,™ our products are geared towards patients who require connoisseur-grade medication, whose quality stands out in a market which seems over-saturated with average products.”
With the company’s top-shelf management team in place producing some of the highest grade cannabis medicine in the state, shareholders can expect to hear future news regarding the expansion of the company’s grow management talent in Arizona and other states.
Shareholder and other interest-holders can follow American Green in order to learn more about the company’s grow management experience and full-scale production taking place in the heart of Phoenix Arizona.
Shareholders and interest holders may also stay current with American Green Updates:
Twitter: @American__Green (two underscores), or
June 28, 2019 at 1:20 pm #130654
What is the target price here?June 28, 2019 at 1:23 pm #130655
Dan@danspinnerJune 28, 2019 at 1:30 pm #130656
The stock still needs more good newsJune 28, 2019 at 1:32 pm #130657
Thanks for the picsJuly 2, 2019 at 12:27 pm #130824
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