Press release content from NewMediaWire. The AP news staff was not involved in its creation.
American Green, Inc. (OTC:ERBB) Projects $10 Million in Additional Annual Revenue from its New Cannabis Operation
American Green, Inc.May 6, 2021 GMT
When fully operational, the new facility projects 500% more annual revenue
Phoenix, AZ - ( NewMediaWire ) - May 06, 2021 - Today, American Green, Inc. (ERBB:OTC)signed a lease with an option to buy a 35,100 square foot building located in Phoenix, Arizona, and is expected to generate $10 million in annual revenue when fully operational. The additional revenue is approximately 500% more annual revenue than American Green’s current $2 million annual revenue. The new facility will house a state-of-the-art kitchen for the manufacture of premium edible and concentrate cannabis products. Interior design will incorporate a two-tiered layout designed to maximize revenue as well as square footage.