TEMPE, AZ--(NewMediaWire - Jul 16, 2015) - American Green, Inc. (OTC Pink: ERBB)
announced today it has taken a giant leap towards its stated goal
of licensing the American Green brand to producers of various
cannabis products. It was the natural step following our
announcement of July 7 regarding the managed services agreement
with Herbal Elements. Not only does it
solidify the relationship, it creates a formula for duplication
that will enable our goal of enabling product continuity from state
to state; and, it establishes a process by which American Green can
appear in several states as a branded partner providing national
recognition of its name and the products found in partner
dispensaries.
Stephen Shearin, president of American Green, stated, "It has
always been the goal that American Green, the brand, should be a
household name in the marijuana sector. As the market matures
into a consumer product, we want to collaborate with valued
partners to instill trust, quality, and consistency in a variety of
popular cannabis products. We have a great partner in Herbal
Elements and its president, Greg Honan. Our first facility in
the Eagle/Vail area will supply the state of Colorado with premium
American Green concentrates for the medical and recreation
markets. Colorado is projected to hit $900,000,000 in combined
medical and recreational sales this year. We fully intend to
represent a piece of that market."
"We've been working together for over a year discussing how this
could take shape and the time is right to start the American Green
product line. We believe our new extraction processes will
create consistent, quality extractions for medical and recreational
use. Our central location is perfect for statewide
distribution. We're excited to broaden our relationship with
American Green, to license their brand, and together manage the
growth of our products in Colorado," added Mr. Honan of Herbal
Elements, now a licensed American Green Partner.
Be sure to visit the company's website at www.americangreen.com and sign up for the
company's emails alerts to stay current on news.
Shareholders and interest holders may also stay current with
American Green Updates:
Twitter: @American__Green (two underscores), or
Facebook: https://www.facebook.com/americangreenusa
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.
In 2009, American Green, Corp. became one of the
first publicly traded technology companies in the world serving the
medical cannabis industry beginning with the introduction of the
company's proprietary ZaZZZ machine developed to automate,
age-verifying dispensing of cannabis-based medicines. Our mission
is to remain a leader within the cannabis and industrial/medicinal
hemp industry embracing innovation within all seed-to-sale sectors
by leveraging our team of professionals, as well as value-added
companies and products. American Green is actively involved in
activities that span cultivation, manufacturing and extraction,
retail, and community outreach. We are challenged by this exploding
new industry every day and strive to develop sustainable and
responsible businesses that will thrive and endure in our
constantly evolving marketplace.