American Green, Inc. (OTC PINK: ERBB) announced today that its Colorado partner,Herbal Elements, has been approved for Retail Marijuana Products Manufacturing in Eagle Vail, Colorado. This greatly increases the quantity of legal cannabis products that can be produced by the facility.
“As announced on July 16, 2015 (http://www.bloomberg.com/article/2015-07-16/aK2BwOuFNYpo.html), Herbal Elements became the first licensee of American Green products. Now that Herbal Elements is approved to sell both recreational and medical products, we’ll be able to greatly expand our patient, customer, and wholesaler relationships which we believe will also lead to an increase in brand awareness,” stated Stephen Shearin, American Green president. “Greg Honan has done an amazing job at expanding his operations while consistently serving his patients. Now, visitors to the area can purchase American Green products for both recreational and medical use.”
“I’m really excited about the opportunity to produce recreational products, especially under the American Green brand, for residents and visitors to the great state of Colorado. Herbal Elements is located in one of the most visited sports adventure areas in the US. Besides such great ski destinations as Vail and Beaver Creek, people come for fishing, hiking, mountain biking, or just to relax in the Rocky Mountains. Our central location opens up a huge opportunity to serve the entire western slope with fantastic, high quality products,” enthused Greg Honan of Herbal Elements.
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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, 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.
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