AMERICAN GREEN INC - ERBB STOCK NEWS

American Green has launched a state-of-the-art butane extraction room at its Sweet Virginia facility in Phoenix, Arizona, now producing premium live resin extracts. These products are available in over 70 dispensaries statewide, including Elite Live Resin cartridges from the Curaleaf Select brand. The facility meets stringent safety requirements, ensuring quality control and compliance with National Electric Code standards. The company's emphasis remains on improving annual revenue and shareholder value, with advanced production capabilities and new partnerships enhancing market offerings.

American Green (OTC: ERBB) reports a significant increase in shareholders, with over 77,000 beneficial owners as of March 9, 2022, marking a 50% rise from 50,000 in 2016. President David G. Gwyther attributed this growth to the company's aggressive expansion in the cannabis sector, highlighted by the ongoing build-out of a new 40,000 square foot indoor cannabis grow facility in downtown Phoenix. The count provided by Broadridge Financial Solutions includes only Non-Objecting Beneficial Owners (NOBOs), excluding approximately 7,000 Objecting Beneficial Owners (OBOs) who chose to keep their information private.

American Green, Inc. (OTC:ERBB) announced a binding letter of intent to acquire VendWeb, a leading supplier of AGX vending machines that use facial recognition for age verification. The acquisition aims to enhance American Green's competitive advantage in the age-restricted products market, including cannabis and alcohol. With over 10 years in the vending sector, VendWeb will provide operational synergies, potentially increasing revenue while reducing manufacturing costs. Final details will be disclosed after board approval in early April 2022.

American Green, Inc. (OTC:ERBB) has completed the final phase of demolition for its new cannabis grow facility, 'Cypress Chill,' in Phoenix. The architectural team will self-certify the building plans to expedite approval from the city. President David Gwyther highlighted strategic choices, including installing a reverse osmosis water purification system from the Suez Group, which enhances water quality for plant nourishment. The plan submission is set for May and is expected to keep the project on track for year-end completion, minimizing delays.

American Green, Inc. (OTC:ERBB) announced the completion of phase one demolition at its new cannabis facility, "Cypress Chill," in Phoenix. President David G. Gwyther expressed satisfaction with the construction progress, noting challenges from supply chain issues and the pandemic. Phase two demolition starts February 15, 2022, with completion expected by March 1, 2022. Building plans will be finalized by the end of March, aiming for facility completion by year-end 2022. Time-lapse videos will document the construction stages for shareholders.

American Green, Inc. (OTC:ERBB) announced an anticipated 55% increase in revenue for the second fiscal quarter ending December 31, 2022, estimating $800,000, up from $515,000 in the prior quarter. This growth is attributed to improvements at the Sweet Virginia grow facility and the introduction of new lighting technology. The company's annual revenue projection also sees a significant rise, expected to reach approximately $3,200,000. Furthermore, the 30,000 SF Cypress Chill cannabis grow facility is under construction, promising to enhance future operations.

American Green, Inc. (ERBB:OTC) has made significant progress at its new 40,000 square foot Cypress Chill grow operation. The company has ordered HVAC equipment and plans to submit architectural plans to the City of Phoenix in February, aiming for completion by year-end. The facility will utilize a state-of-the-art Agronomic IQ Smart HVAC system for optimal cannabis growth conditions. Production of custom-built grow benches has also commenced, maximizing grow space efficiency. The project represents a substantial investment in expanding American Green's cannabis operations.

American Green, Inc. (ERBB) has introduced its Axis brand of bottled Hemp water containing CBD isolate, now available on eBay, Groupon, and its website. The drink utilizes Vessl® Corporation's patented delivery system for enhanced CBD absorption. Each 6 oz bottle features 25 mg of CBD isolate, electrolytes, and is gluten and dairy-free. The launch includes four flavors: Berry, Lemon, Mango, and Strawberry, with a special introductory offer for 4 packs at $19.99.

American Green (ERBB:OTC) provided a strategic overview highlighting key developments in 2021 and future plans. The company signed a five-year lease for a 40,000 SF cannabis facility, projected to be worth $14 million upon completion, and is aiming for $15 million in annual revenue post-completion. Additionally, American Green is expanding into Nevada and has secured a five-year contract with Curaleaf for the ‘Sweet Virginia’ facility, expected to increase its annual revenue by 60%. The vending division is seeing upgrades, enhancing customer experience and anticipated revenue growth.