American Green Acquires Valley Hydroponics and Organics in Sonoma
July 02 2014 - 8:04AM
Marketwired
American Green Acquires Valley Hydroponics and Organics in Sonoma
Company Reduces Stock Float by 180 Million Shares
TEMPE, AZ--(Marketwired - Jul 2, 2014) - American Green (OTC
Pink: ERBB) (PINKSHEETS: ERBB) has purchased the assets
including all inventory, the business name and all web presence of
Valley Hydroponics and Organics. This acquisition gives
American Green a large market share in the general Sonoma
area. The assets and inventory will be merged with American
Green's newly acquired Green Universe as a dominant force in
Sonoma. Green Universe was purchased just last week by American
Green
(http://www.bloomberg.com/article/2014-06-25/ab29s_lICbyA.html).
Sonoma and the surrounding areas, especially the Emerald Triangle
to the north, is a key area for Cannabis cultivation in the US. The
company believes that operating in an area with so many skilled
professionals provides a great market for American Green, but more
importantly the opportunity to interact with those
professionals.
According to American Green president Stephen Shearin, "Cultivation
is a critical part of this industry. Without cultivation; no
flowers. Without flowers; no products or medicine of any kind. As
this market and the subsequent demand grows, working with the
lifeblood of the industry (the cultivation professionals) is
arguably one of the most important pursuits we can have. We're very
happy to have a profitable location, made more so with this
acquisition, to forge deeper contacts and relationships in the
general Cannabis horticulture environment."
In other significant news, the company's president announced today
that negotiations were successful for the return of 180,000,000
shares to the treasury. As a result of this, the company's "float"
will be reduced by an equal number. The investment partners
who agreed to the return will receive only their original loan
documents back and may exercise them with the company's permission
at a later date. No additional consideration to the investors
was made in order to affect the return of the shares. Stephen
Shearin adds, "This is a great example of what can happen when
everyone connected with American Green focuses on the same thing -
doing everything possible to make the company an overall
success."
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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
American Green (OTC Pink: ERBB) (PINKSHEETS: ERBB) is a retail
and medical marijuana company focused on growing cannabis
businesses through the sale and use of innovative products and
solutions. Formally Altitude Organix, American Green became the
first publicly traded medical marijuana dispensary brand in the
world.
Since 2009, the company has developed retail, brand, and commercial
cultivating solutions with its licensed medical marijuana retail
dispensaries. The Company has developed an "automated dispensary,"
called ZaZZZ, which will offer the company's proprietary cannabis
products to qualified adults in the US and around the world under
its "American Green" brand. Besides ZaZZZ, the company has several
media properties, a cultivation division including Jurassic water,
and is continually developing new product and growth
opportunities.
CONTACT: American Green, Inc. Mr. Stephen Shearin President 1221
W Warner Rd Suite 103 Tempe, AZ 85284 480-443-1600
stephen@americangreen.com http://www.americangreen.com
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