TEMPE, AZ - (NewMediaWire) - September 01, 2015 - American Green, Inc. (OTC PINK: ERBB) announced today that in its ongoing quest to market American Green products around the country it has entered into a Letter of Intent with Calyptic of Grants Pass, Oregon.
"After eight months of discussions with Calyptic, who has been a customer of American Green's cultivation products, I got to experience Calyptic's operations while attending the Cannagrow Expo in Portland, Oregon last week," stated Michael Silvia, VP of Cultivation at American Green. "They've got a great product for the market as medical marijuana continues to unfold and legal recreational use approaches in October. Oregon's laws differ from those in Colorado and provide a great climate and opportunity to nurture a stable and safe marketplace for American Green's expansion within the legal cannabis market," concluded Silvia.
"Our mission continues to expand our marketing reach based on trusted relationships for the manufacturing of American Green-branded products for both the medical and recreational market. We expect sales of products in Oregon can commence immediately after fall harvest. Every effort is being expended for a November release of, at the very least, American Green pre-rolled FlowerSticks at select dispensaries, to be announced later this year," said Stephen Shearin, American Green president. "With the Calyptic model we'll be able to participate in the market throughout Oregon."
Says Calyptic executive, Aaron Getty, "We're glad we got to spend several days with Michael, showing him our operations and learning more about American Green's goals. It's a great fit combining our established production and extraction methods with a growing brand like American Green."
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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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