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American Green, Inc. (ERBB) announced a management services agreement with Curaleaf's cultivation facilities in Arizona, projected to generate $2.1 million annually and $10.4 million over the agreement's duration. The five-year contract may extend for three additional five-year periods. David G. Gwyther, president of American Green, emphasized their commitment to maintaining quality and service. Curaleaf's president, Steve Cottrell, also expressed satisfaction with their partnership. This collaboration strengthens American Green's position in the cannabis sector.
American Green has signed a new management services agreement with Curaleaf's cultivation facilities in Arizona, projected to generate approximately $2.1 million annually, totaling $10.4 million over its five-year term. This partnership allows American Green to extend the agreement for up to three additional five-year periods. David G. Gwyther, president of American Green, emphasized their commitment to quality service and premium cannabis cultivation. The company's products are integrated into Curaleaf's offerings, marking a significant revenue boost and strengthening their business relationship.
American Green, Inc. (ERBB) has received approval to launch its second cannabis grow facility in West Phoenix, projected to increase annual gross revenue by 500%, generating over $10 million. The 40,000 SF complex will focus on developing and selling the company’s premium cannabis brand, leveraging existing relationships with over 75 dispensaries in Arizona for faster retail supply chain integration. The facility's construction, managed by Gierczyk Inc., is set to begin immediately, with operations expected to commence in Q2 2022.
American Green has received approval from the City of Phoenix, Arizona, to establish its second cannabis grow facility in West Phoenix. This new complex, covering approximately 40,000 square feet, is projected to generate over $10 million in annual revenue, marking a 500% increase in gross revenue for the company. The facility will focus on producing premium cannabis products under the 'American Green' brand, leveraging existing relationships with over 75 dispensaries in Arizona. Construction begins immediately, with operations expected to commence in the second quarter of 2022.
American Green, Inc. (OTC:ERBB) has partnered with PetTreater.com to distribute CBD pet treats, enhancing market presence in the growing CBD pet product sector. This partnership allows American Green to reach more customers, leveraging PetTreater’s subscription model, which is beloved by pet owners. Customers will receive exclusive vouchers for American Green's CBD products in PetTreater boxes during August 2021. The CBD pet product market is expected to grow at 40% annually, highlighting significant growth opportunities for the company.
American Green has announced the integration of Jumio's facial recognition software into its AGM Age Verifying Vending Machines. This AI-powered identity verification will facilitate customer onboarding for age-restricted purchases, including cannabis and alcohol. The integration is expected to be completed by November 1, 2021. Jumio's technology, which has verified over 300 million identities, aims to enhance security and streamline the verification process, allowing customers to easily access the AGM for purchases after initial enrollment.
American Green, Inc. (OTC Pink: ERBB) announces the integration of Jumio's facial recognition software in their AGM Age Verifying Vending Machine. This innovative technology aims to streamline the customer onboarding process for age-restricted purchases. Jumio has verified over 300 million identities, enhancing reliability and accuracy in verifying customer identities. The full integration is expected by November 1, 2021. With this partnership, American Green reinforces its position as a leader in age-restricted vending solutions, facilitating access to cannabis, CBD, alcohol, and more.
American Green, Inc. (ERBB:OTC) announced participation in the Nightclub & Bar Show from June 28-30 at the Las Vegas Convention Center, showcasing its AGM Verified Automated Beer and Liquor vending machines. The company's objective is to enhance age-restricted automated sales technology, exhibiting its capabilities at Booth 1718. Lindel Creed, head of Automated Development, will demonstrate the machine, while President David Gwyther emphasizes its robust age verification system, aligning with their mission to improve customer assurance in automated sales.
American Green (ERBB) has signed a lease for a 35,100 square foot facility in Phoenix, Arizona, set to significantly boost its annual revenue. When fully operational, the facility aims to generate $10 million annually, translating to a 500% increase over the current $2 million revenue. The facility will include a state-of-the-art kitchen for cannabis product manufacturing and is expected to create around 35 jobs. The lease has a duration of 5 years with options for renewal and purchase within 2 years.
American Green (ERBB) announced its collaboration with Venom Extracts, a Curaleaf licensee, to sell the majority of its Premium Cannabis from the “Sweet Virginia” Grow operation. This partnership enhances American Green's market presence, specifically in producing premium quality fresh-frozen cannabis for concentrate products. The company has established a strong relationship with Venom, leading to increased production and product diversification, including Live Resin offerings and THCA diamonds.
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