TEMPE, AZ - (NewMediaWire) - December 29, 2015 - American Green, Inc. (OTC PINK: ERBB) today announced that American Green's client has received zoning clearance from the City of Tempe for a medical marijuana dispensary. This is a monumental step given the city of Tempe has initiated legislation to institute a moratorium for any additional Medical Marijuana dispensaries. There are currently only two locations operating in this municipality.
"The accomplishment in Tempe is substantial for American Green. We were successful in securing this location given a difficult cannabis real estate market and efforts by the existing operators to ban any new Tempe dispensaries," said Jerry Chesler, American Green's General Counsel.
"Gaining approval in Tempe at this time was extremely important," said Jonathan Miller, American Green CEO. "Tempe will not approve any new dispensaries for at least a year. We have seen the City of Phoenix and other municipalities deny new dispensary applications. I'm proud to say the American Green team accomplished a difficult task and successfully delivered a valuable asset."
"As we take this important step, we further our business plan which is to invest in assets, improve those assets, and then derive income from those assets," Miller continued. "I believe we have secured one of the finest dispensary locations in the State of Arizona. As we begin 2016, shareholders will continue to see our multi-faceted revenue-generating endeavors unfold. With leaner operational costs and more focused efforts on driving revenue and profit, our plan to provide return on investment is running at full-tilt."
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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.
American Green, Inc.
1221 W Warner Rd, Suite 103
Tempe, AZ 85284
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