American Green Extends Lease and Begins Modification of Its 12,000 Square Foot Cannabis Cultivation and Extraction Facility in Phoenix for Its Joint Venture Client, Natural Herbal Remedies
TEMPE, AZ–(Marketwired – Nov 17, 2015) – American Green, Inc. (OTC PINK: ERBB) executes its first (of four) five-year lease options on property near downtown Phoenix to begin designing and modifying the space into an MMJ cultivation facility for its joint venture client, Natural Herbal Remedies.
The City of Phoenix recently granted American Green a variance on the property near downtown Phoenix that will become the first cultivation and extraction facility for Natural Herbal Remedies. The 15-day appeal window following the variance approval has closed with no objections from the facility’s neighbors or local neighborhood associations, allowing the project to continue forward.
“Now that the approval of our use is final, we were able to sign the lease extension on the building and get things moving. Demolition of the current interior layout will begin immediately,” American Green COO Jonathan Miller stated. “Along with NHR, we have begun the process of designing the build out of the facility. Once we clean out and sanitize the interior, our professionals will fine tune the design to create a premier facility that optimizes this space. This all will help the team at NHR better serve Arizona’s medical marijuana patients.”
“American Green has been leasing this space for nearly a year preparing for this project. I was happy to help them extend the lease so they can turn their vision into the reality of a state-of-the-art facility,” says Doug Arfa, an independent commercial real estate broker who practices in the cannabis sector.
American Green will design an advanced specialty cultivation and extraction facility accommodating the needs specified by the Natural Herbal Remedies team. Cultivation will feature select, premium sativa, indica, and high CBD strains. Extraction techniques will be based on patient needs and proven technologies.
“Our goal is to expand upon our success in working with patients and caregivers in Arizona. Having a large, state-of-the-art cultivation and extraction facility that focuses on our needs will allow us to reach more patients with more care solutions,” stated Sheelah Golliglee, NHR’s dispensary manager.
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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 one of the first publicly traded technology companies in the medical cannabis industry in the world, beginning in 2009, with the introduction of the ZaZZZ machine for automated, age-verifying dispensing of cannabis-based medicines. Now, with over 50,000 individual shareholders, more than any other company in the cannabis sector, American Green’s mission is to be the cannabis & industrial hemp industry, seed-to sale innovator, leveraging our team of professionals, as well as value-added companies and products — spanning cultivation, manufacturing and extraction, retail, and community outreach. We strive to develop sustainable businesses, while increasing shareholder value, and awareness beyond our industries.
American Green, Inc.
1221 W Warner Rd, Suite 103
Tempe, AZ 85284