American Green (OTC:ERBB) Cypress Chill Grow Receives Its First Cannabis Equipment Order

Rhea-AI Summary

American Green has announced the arrival of two custom-built air conditioning chillers at its Cypress Chill grow facility in Phoenix, AZ. Weighing over 13,500 lbs each, these chillers will provide 704 tons of cooling power, ensuring precise temperature and humidity control crucial for high-quality cannabis production. The company acquired the 40,000 sq. ft. building in May 2022 for $3.75MM, which has since appraised at $5.3MM, adding significant equity of $2.65MM. This development supports American Green's goal of becoming a leader in the cannabis and premium CBD industry.

Positive

• Delivery of two massive, custom-built chillers enhances production capabilities.
• Chillers provide precise temperature and humidity control for optimal cannabis growth.
• Acquisition of Cypress Chill grow facility adds significant equity of $2.65MM.

Negative

• None.

Two Massive Air Conditioning Chillers Have Arrived

PHOENIX, AZ, Aug. 02, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Today American Green (ERBB:OTC) announced  that it took delivery of the first equipment to arrive at its “Cypress Chill grow.” Two massive custom built AC chillers weighing over 13,500 lbs each are now on site at the 40,000 sf grow which is currently under construction.

 https://youtu.be/hzdq8klfMdw

Bryan Croteau, the company's general manager said, “American Green has taken delivery of 2 Agronomics IQ, custom built Adiabatic fluid chillers. These chillers will provide over 704 ton of chilling air conditioning power in the heart of the desert.  Not only will this system provide accurate cooling temperatures within +/- 1 degree, but it will also provide more than adequate dehumidification within +/- 1%. This will allow the Cypress Chill facility to maintain an almost perfect Vapor Pressure Deficit (VPD) to meet and or exceed the expectations that we have set for production.”

“Well regulated environmentals play an essential role in producing Top Tier Private Reserve flower, concentrates & edibles. We have the utmost confidence in the Agronomics IQ system being able to perform as expected.” concluded Mr. Croteau.

American Green recently purchased the 40,000 sf “Cypress Chill” building in May 2022 for $3.75MM. The building appraised for $5.3MM and ERBB has accumulated $2.65MM in equity in the property.

There are archives of hundreds of hours of video footage from our “Sweet Virginia” Grow operation that  can be found on the  American Green YouTube Channel You can also see live Sweet Virginia grow footage most days during normal business hours.

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View drone video footage of our Cypress Chill grow

STAY CURRENT WITH AMERICAN GREEN UPDATES:

American Green’s Main Website at www.americangreen.com

American Green’s CBD store  at www.americangreencbd.com

Live Sweet  Virginia Grow Footage   https://americangreen.com/live/ 

Twitter:  @American__Green (two underscores), or

Facebook: https://www.facebook.com/americangreenusa

Instagram:    https://www.instagram.com/americangreenusa/

ABOUT AMERICAN GREEN, INC.

In 2009, American Green, Inc. became America’s second publicly traded company in the cannabis sector. American Green now, with more than 75,000 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

What equipment did American Green deliver to the Cypress Chill grow facility?

American Green delivered two custom-built air conditioning chillers, each weighing over 13,500 lbs.

How much cooling power will the new chillers provide?

The chillers will provide over 704 tons of cooling power.

When did American Green acquire the Cypress Chill building?

American Green purchased the Cypress Chill building in May 2022 for $3.75 million.

What is the current appraised value of the Cypress Chill building?

The building is currently appraised at $5.3 million.

What is the stock symbol for American Green?

The stock symbol for American Green is ERBB.