“Our company has enjoyed a valuable relationship with Herbal Elements and owner Greg Honan over the past several years. We’ve helped the business by financing expansions in cultivation and extraction facilities. We’ve provided solutions that include American Green-branded packaging,” stated Jonathan Miller, American Green CEO. “We are financing Mr. Honan’s effort to expand into Parachute, Colorado, and are working with him on a wider strategy in this cannabis-pioneering state to gain consumer mindshare of American Green.”
American Green’s strategy to work with operators in various states providing branded packaging solutions has become more successful. Initiatives are well underway in Arizona, Colorado, Washington and Oregon. Both American Green and the operators that use American Green-branded packaging follow all state and municipal rules that regulate the local cannabis industry.
“It makes great sense to change the name of our medical store to American Green and to use the American Green brand in our Parachute location when that facility opens. The name, ‘Herbal Elements’ was a perfect name for us 7 years ago when I started the business, but now there are too many ‘herbal’ companies, making it difficult for consumers to differentiate. The name ‘American Green’ is perfect. People really like it, and they immediately relate to it. The packaging drives home the message of quality and consistency,” said Greg Honan, owner of Herbal Elements. “The American Green brand is licensed to Herbal Elements and we buy packaging under a flat fee agreement at competitive prices. I believe working with the American Green brand and packaging delivers a competitive edge that drives traffic to our business.”
Following the successful purchase of the future dispensary property located in Tempe, AZ (http://mcassessor.maricopa.gov/?s=301-53-217), the Company continues on-plan and on-target for the cultivation facility completion in mid-August. As discussed in previous releases and conference calls, the Company has forecast revenues in the calendar Q4/16 that will cover operational expenses and allow the Company to pay down debentures in 2017.
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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.
American Green, Corp. became, in 2009, one of the first publicly traded technology companies in the cannabis industry. Now, with over 50,000 individual shareholders, more than any other company in the cannabis sector, American Green’s mission is to lead the cannabis industry. Leveraging our team of professionals in cultivation, manufacturing, extraction, wholesale, retail, and community outreach, we strive to develop sustainable initiatives, while increasing shareholder value, and company profit.
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1221 W Warner Rd, Suite 103
Tempe, AZ 85284