#CBD #Stocks; American Green (OTC: $ERBB) Online CBD
Sales, and Smart Vending Division all set to break revenue records in 2020; @American__Green
PHOENIX, AZ, June 11, 2020 ( Investorideas.com newswire) –
Breaking cannabis/CBD stock news - American Green (OTC:ERBB) announced
today that the strategic shifts that began in 2019 are now paying dividends in
every division. According to David
Gwyther, president of American Green, “During 2019 and early 2020, the company
had to make changes in every division to accommodate the changing
marketplace. I’m pleased to report that
those changes resulted in each division’s revenue improvements compared to the
same periods over the previous year.”
Read this news
featuring American Green in full at https://www.investorideas.com/news/2020/cannabis/06111OTCERBB-CBDSales.asp
VP
of CBD Worldwide Sales, Kevin Davis, said, “The key to the success of the American Green Online CBD Store is a combination of Top-Shelf Customer
Service, The Integration of Technology, Competitive Pricing, Easy Payment
Options, and Product Selection. Since our online CBD Store first opened 3 years
ago, our growth has been primarily driven by our extreme sensitivity to
customer feedback -- by listening very, very carefully. Whether that means incorporating a capability
to quickly respond to customer questions via email or phone, and making damn
sure our customers know that they’re getting the best CBD available and are
100% satisfied, even if that means staying on the phone with them until they
get all the information they need.”
“Every
customer is unique to us and when our store employees show them the courtesy of
our unrushed time -- whether by email or phone, it is the only way we know of
guaranteeing that our loyal base returns to us. Other companies talk about
achieving goals like these, but we, at the American Green CBD Store live this
‘customer-driven lifestyle’ every day,” concludes Kevin.
According
to Bryan Croteau, American Green’s VP of Grow Operations, “As the world comes
out of quarantine and things get back to the ‘new normal,’ American Green’s
‘Sweet Virginia’ is turning out some of the highest grade cannabis found in
Arizona and is hard at work upgrading its production facility while producing
American Green’s newest cannabis product line. Our Sweet Virginia facility is proud
to announce that the first wave of American Green Full Spectrum Solventless
Concentrate products have hit the retail shelves at the Kind Meds licensed
dispensary located at 2152 South Vineyard, Suite 120, Bldg 7, Mesa AZ 85210.”
American
Green’s Sweet Virginia grow operation is most proud of its Ice-water-extracted
Bubble Hash which is also known as “Full Melt,” because it leaves no residue
when compared to standard hash which has been made the same way for hundreds of
years.
According
to Mr. Croteau, “Our special process manually removes the THC trichomes using
nothing but ice and water and produces one of the safest and most natural
concentrates available anywhere. If you are a current medical patient in the
State of Arizona, we highly recommend a trip to Kind Meds for an opportunity to
taste our best grown flowers in the form of concentrate! I would call first before making the trip to
ensure that the American Green Bubble Hash has not been sold out, as we anticipate
high demand for this premium product.”
The
Sweet Virginia Grow has also recently added 10% of canopy space as an
additional flower room thus enabling the operation to increase its revenues by
about 10% per annum. This new space will allow for production of an extra 240
plants every 8 weeks. We are also constantly streamlining tasks to be as
efficient as possible, which has allowed us to cut our current payroll costs by
about 12% when compared to last quarter.
The
American Green Machine (AGM) Division has been working to add new features to
its Smart Vending Kiosk such as lower risk touchless shopping which will allow
vending customers to utilize a QR Code and be able to use their own cell phone
to interact with our AGM Kiosk.
Employing “Covid-19 Sensitivity,” customers will no longer need to touch
the machine to view the AGM’s products with the goal of allowing customers to
complete their entire transaction on their smartphone. This new feature has been designed to be
“backwards compatible” thus enabling the feature to be available for existing
machines already in service and is now ready to rollout. According to AGM Division VP, Lindel Creed,
“We are very excited with the progress of the AGM kiosk as sales increase this
year and more customers become convinced that the AGM is the best verified
vending system on the market.”
If
you are an experienced vending route operator serving a major market and wish
to add a complete line of fully legal CBD products to your existing route, you
should contact Mr. Lindel Creed at American Green’s AGM Vending Division
located in Gastonia, North Carolina. You can email Lindel at
lindel@americangreen.com or call him on his direct line at 704-718-3158.
Shareholders
and interest holders may also stay current with American Green Updates:
Twitter: @American__Green (two underscores), or
American
Green, Inc. became, in 2009, America’s second publicly-traded company in the
cannabis industry. American Green now, with its more than 50,000 individual
certified 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 sustainable
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
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.
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