American Green, Inc. (OTC:ERBB) Issued Building Permit From the City of Phoenix for Its 40,000 SF Cannabis Grow Facility
American Green has commenced demolition at its new cannabis grow facility, "Cypress Chill", in Phoenix, Arizona, following the issuance of building permit DEM 21043390. The 40,000 square-foot site aims to be operational by year-end, with 36,000 square feet dedicated to cannabis cultivation. The facility is positioned to enhance production efficiency and profitability through its proximity to the existing "Sweet Virginia" grow. Additionally, Cypress Chill will focus on developing premium cannabis products expected to yield higher profit margins compared to current wholesale offerings.
- Construction of Cypress Chill facility initiated with a building permit.
- Expected completion by year-end 2022, expanding cannabis production capacity.
- Cypress Chill will develop premium cannabis products, providing higher profit margins.
- None.
Interior Demolition Has Started
Permit number DEM 21043390
PHOENIX, AZ, Jan. 11, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Today American Green’s (ERBB:OTC) president, David Gwyther, announced its “Cypress Chill'' location, located in downtown Phoenix, Arizona, has been issued its first building permit and is now under construction. The 40,000 SF cannabis grow is expected to be completed by year-end.
https://www.youtube.com/watch?v=N5gZx9cxOi0
David Gwyther, American Green’s president and chairman, said, “American Green’s general contractor, Gierczyk Inc. has been working tirelessly to get our building permit to start interior demolition. Gierczyk Inc. is not only the G.C. but is also the designer of “Cypress Chill.” The American Green grow team, headed by Bryan Croteau has been working closely with Gierczyk Inc. to help build the most efficient and optimal grow operation possible.
We are extremely excited to be underway with the development of what will be our largest cannabis grow facility. Our experience over the past 4 years regarding the launch and operation of a new grow facility is invaluable. From finding our “Sweet Virginia” grow building, to fully building it out and getting it up and growing premium cannabis for our licensed partner Curaleaf, that experience puts us in a great position to bring the state-of-the-art Cypress Chill grow to market.”
At approximately 40,000 SF, this new American Green building is being designed to have about 36,000 SF under canopy for growing its premium cannabis, and about 4,000 SF is reserved for production and corporate office space.
Bryan Croteau, American Green’s Cultivation General Manager, adds, “We love the fact that the Cypress Chill grow is only about a mile and a half away from our existing Sweet Virginia grow. The proximity of the buildings will allow us to maximize our team's time and effort now and in the future. We have been working diligently with suppliers to get the best possible pricing, equipment and delivery times for all of Cypress Chill’s development needs. We are also very happy with the progress that Gierczyk Inc. has made since we signed our lease to get us to this extremely important part of the project.
I want to emphasize that while our Cypress Chill grow will have more than 3 times the amount of cannabis grow space, it will also be doing a few things more to further our cannabis distribution that our Sweet Virginia grow does not currently do. The Cypress Chill operation is dedicated to developing and selling our new premium “American Green'' brand cannabis products. These products will provide higher profit margins than the premium cannabis products we currently wholesale that are in over 75 Arizona recreational and medical marijuana dispensaries.
These retail dispensaries in Arizona already love our premium cannabis, and we will be supplying them with many products, including edibles, and concentrates such as ‘Live Resin’, ‘Diamonds and Sauce’, ‘Budder’, and ‘Apple Sauce’ - all produced using American Green's own in-house grown selection of cannabis genetics, and all branded exclusively under the American Green name,” concludes Mr. Croteau.
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About American Green, Inc.
In 2009, American Green, Inc. became America’s second publicly traded company in the cannabis sector. American Green now, with its more than 50,000 certified beneficial shareholders, is one of the largest (in shareholder count) in the cannabis sector. American Green's mission is to lead the cannabis and premium CBD industry.
Leveraging our team of professionals in cultivation management, manufacturing, extraction, wholesale, retail, and community outreach, we strive to develop sustainably initiatives in the cannabis-adjacent and CBD industries, laser-focused on adding company and shareholder value.
For more information -
Contact:
American Green, Inc.
Investor Relations
2902 W. Virginia Ave
Phoenix, AZ 85009
480-443-1600 X555
investor@americangreen.com
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, be 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.
FAQ
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