$ERBB on watch! News recap: American Green Financed the Accelerated Growth of Herbal Elements' Colorado Sales
http://finance.yahoo.com/news/american-green-...00680.html
TEMPE, AZ--(Marketwired - Mar 29, 2016) - American Green, Inc. (OTC PINK: ERBB) today announced that it has financed a significant expansion project for Herbal Elements, which produces American Green-branded products in Colorado. This project was financed to help Herbal Elements reach production and revenue goals and to drive income for American Green.
"American Green has been a great resource for Herbal Elements. It has provided us access to many different types of commercial marijuana operations," says Greg Honan, Herbal Elements owner. "Our current project of installing an entire new second level of plants in our flower rooms is due to American Green providing us with innovative ideas and a focus on the unused vertical space in our cultivation location. The result of double-decking is the increase of recreational flower for the production of American Green-branded products. We now have a high-margin extraction product line for the recreational market without the costs of renting a larger facility.
"We adjusted our techniques and strategies in order to improve our medical marijuana cultivation license and accommodate our newer recreational cultivation license for recreational concentrates," Honan continued. "American Green has provided our patients with new styles and types of packaging that assist with proper moisture and quality control. We discussed the needs for our new recreational concentrate effort with American Green. They minimized the time-consuming trial-and-error that comes with new techniques, methods, and product development. We are entering the market far faster than if we'd done it on our own.
"Greg Honan does an amazing job in Eagle Vail and we're extremely confident in his ability to continue expanding Herbal Elements extraction products throughout Colorado -- all distributed in American Green packaging, of course," said Jonathan Miller, CEO of American Green. "We will help add several new concentrate variations to the rosin and bubble hash currently being produced as well as financing the introduction of two full-time salespeople for the Colorado market. Now that Greg's production of recreational material is in full swing, the margins on retail products are substantially higher than when he had to purchase raw material at wholesale cost.
"We have just harvested our first batch of recreational flower to produce our own concentrates and we look forward to further synergies and proven techniques from American Green so we can continue to advance the distribution of our solvent-free concentrates and healthy flower for both our medical and recreational markets," Honan said.
American Green's promise to invest in assets, improve those assets and derive income from those assets continues in Colorado with the financing of Herbal Elements' production and concentrate facilities. As Herbal Elements succeeds, American Green shareholders benefit from revenues on lending and branding. American Green has forecast cash flow-positive operations sufficient enough to pay down debt and service monthly operational costs by fourth quarter, 2016.
Please send your questions for review and response by Jonathan Miller on Tuesday April 5 at 11am Pacific time -- that's 2pm Eastern. The call in number is 641-715-3580, Access Code: 672-528.
Please send your questions in advance to ceocall@americangreen.com.
Be sure to visit the company's website at www.americangreen.com and sign up for the company's EMAIL ALERTS to stay current on news.
Shareholders and interest holders may also stay current with American Green Updates by going to the American Green website at www.americangreen.com, or by going directly to http://americangreen.com/contact-us to sign up for email alerts.
http://finance.yahoo.com/news/american-green-...00680.html
TEMPE, AZ--(Marketwired - Mar 29, 2016) - American Green, Inc. (OTC PINK: ERBB) today announced that it has financed a significant expansion project for Herbal Elements, which produces American Green-branded products in Colorado. This project was financed to help Herbal Elements reach production and revenue goals and to drive income for American Green.
"American Green has been a great resource for Herbal Elements. It has provided us access to many different types of commercial marijuana operations," says Greg Honan, Herbal Elements owner. "Our current project of installing an entire new second level of plants in our flower rooms is due to American Green providing us with innovative ideas and a focus on the unused vertical space in our cultivation location. The result of double-decking is the increase of recreational flower for the production of American Green-branded products. We now have a high-margin extraction product line for the recreational market without the costs of renting a larger facility.
"We adjusted our techniques and strategies in order to improve our medical marijuana cultivation license and accommodate our newer recreational cultivation license for recreational concentrates," Honan continued. "American Green has provided our patients with new styles and types of packaging that assist with proper moisture and quality control. We discussed the needs for our new recreational concentrate effort with American Green. They minimized the time-consuming trial-and-error that comes with new techniques, methods, and product development. We are entering the market far faster than if we'd done it on our own.
"Greg Honan does an amazing job in Eagle Vail and we're extremely confident in his ability to continue expanding Herbal Elements extraction products throughout Colorado -- all distributed in American Green packaging, of course," said Jonathan Miller, CEO of American Green. "We will help add several new concentrate variations to the rosin and bubble hash currently being produced as well as financing the introduction of two full-time salespeople for the Colorado market. Now that Greg's production of recreational material is in full swing, the margins on retail products are substantially higher than when he had to purchase raw material at wholesale cost.
"We have just harvested our first batch of recreational flower to produce our own concentrates and we look forward to further synergies and proven techniques from American Green so we can continue to advance the distribution of our solvent-free concentrates and healthy flower for both our medical and recreational markets," Honan said.
American Green's promise to invest in assets, improve those assets and derive income from those assets continues in Colorado with the financing of Herbal Elements' production and concentrate facilities. As Herbal Elements succeeds, American Green shareholders benefit from revenues on lending and branding. American Green has forecast cash flow-positive operations sufficient enough to pay down debt and service monthly operational costs by fourth quarter, 2016.
Please send your questions for review and response by Jonathan Miller on Tuesday April 5 at 11am Pacific time -- that's 2pm Eastern. The call in number is 641-715-3580, Access Code: 672-528.
Please send your questions in advance to ceocall@americangreen.com.
Be sure to visit the company's website at www.americangreen.com and sign up for the company's EMAIL ALERTS to stay current on news.
Shareholders and interest holders may also stay current with American Green Updates by going to the American Green website at www.americangreen.com, or by going directly to http://americangreen.com/contact-us to sign up for email alerts.
