{"id":439876,"date":"2021-02-19T08:33:17","date_gmt":"2021-02-19T13:33:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=439876"},"modified":"2021-02-19T08:33:17","modified_gmt":"2021-02-19T13:33:17","slug":"american-green-otcerbb-financials-report-double-digit-growth-and-record-sales-numbers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/american-green-otcerbb-financials-report-double-digit-growth-and-record-sales-numbers\/","title":{"rendered":"American Green (OTC:ERBB) Financials Report Double-Digit Growth and Record Sales Numbers"},"content":{"rendered":"
\n

PHOENIX, AZ, Feb. 19, 2021 (GLOBE NEWSWIRE) — via NewMediaWire<\/u><\/a> — Today\u00a0<\/strong>American Green (ERBB:OTC)<\/strong><\/a>\u00a0<\/strong>announces for the six-month period ending December 31, 2020, it has reached all-time highs in sales and gross profits. The Company\u2019s cannabis grow management operation in Phoenix, called \u201cSweet Virginia,\u201d delivered a record $892,265 in revenue compared to the same six-month period in 2019 of $773,079. Along with this revenue growth, the grow management operation booked gross profits of $636,848 compared to $511,510 in the same period of the previous year.\u00a0 Its revenues and gross profits were 15% and 24% higher than the same periods in the previous year.<\/p>\n

Company president David Gwyther said, \u201cI am extremely pleased that we booked these record numbers. Our team put in an amazing effort last year during very trying times and for us to report our best numbers ever is a credit to them and to the people who believe in our company and products.\u201d<\/p>\n

Our online CBD division also hit record sales numbers for the same six-month period ending December 31, 2020. Revenue was up 10% and profitability was up a significant 41% as a result of greater overall efficiencies and bulk purchasing power.\u00a0 American Green continues to gain momentum with the\u00a0American Green Online Emporium<\/a>\u00a0and is very pleased with the sales of selected American Green products\u00a0offered through Amazon<\/a>\u00a0which began a few months ago.\u00a0Look for additional Hemp products to be released for sale on Amazon in March and in the coming months.<\/p>\n

\u201cA great number of Cannabis and CBD opportunities have opened up for American Green in Arizona – our home state – and throughout the United States. We plan to take full advantage of these expansion opportunities appearing right in front of us. This will allow for continued record-setting revenues and gross profits.\u00a0\u00a0 We are looking forward to a great year for American Green and our shareholders,\u201d concluded Mr. Gwyther.<\/p>\n

\n Shareholders and interest holders may also stay current with American Green Updates:<\/strong>\n <\/p>\n

American Green\u2019s Main Website at\u00a0www.americangreen.com<\/a><\/p>\n

Twitter:\u00a0 @American__Green (two underscores), or<\/p>\n

Facebook:\u00a0\u00a0\u00a0https:\/\/www.facebook.com\/americangreenusa<\/a><\/p>\n

Instagram: \u00a0\u00a0https:\/\/www.instagram.com\/americangreenusa\/<\/a><\/p>\n

Instagram: \u00a0\u00a0https:\/\/www.instagram.com\/magicalnipton\/<\/a><\/p>\n

\n About American Green, Inc.<\/strong>\n <\/p>\n

\n In 2009,\u00a0<\/strong>
\n American Green, Inc.<\/a>\u00a0became America\u2019s 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.\u00a0 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.<\/p>\n

For more information –<\/p>\n

\n Contact:<\/strong>\n <\/p>\n

American Green, Inc.<\/p>\n

Investor Relations<\/p>\n

2902 W. Virginia Ave<\/p>\n

Phoenix, AZ\u00a0 85009<\/p>\n

480-443-1600 X555<\/p>\n

investor@americangreen.com<\/p>\n

\n NOTES ABOUT FORWARD-LOOKING STATEMENTS<\/strong>\n <\/p>\n

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\u00a0<\/strong>expressed or implied. Forward-looking statements may\u00a0<\/strong>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.<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

PHOENIX, AZ, Feb. 19, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Today\u00a0American Green (ERBB:OTC)\u00a0announces for the six-month period ending December 31, 2020, it has reached all-time highs in sales and gross profits. The Company\u2019s cannabis grow management operation in Phoenix, called \u201cSweet Virginia,\u201d delivered a record $892,265 in revenue compared to the same six-month period in 2019 of $773,079. Along with this revenue growth, the grow management operation booked gross profits of $636,848 compared to $511,510 in the same period of the previous year.\u00a0 Its revenues and gross profits were 15% and 24% higher than the same periods in the previous year. Company president David Gwyther said, \u201cI am extremely pleased that we booked these record numbers. Our team put … <\/p>\n

Continue reading “American Green (OTC:ERBB) Financials Report Double-Digit Growth and Record Sales Numbers”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-439876","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAmerican Green (OTC:ERBB) Financials Report Double-Digit Growth and Record Sales Numbers - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/american-green-otcerbb-financials-report-double-digit-growth-and-record-sales-numbers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"American Green (OTC:ERBB) Financials Report Double-Digit Growth and Record Sales Numbers - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PHOENIX, AZ, Feb. 19, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Today\u00a0American Green (ERBB:OTC)\u00a0announces for the six-month period ending December 31, 2020, it has reached all-time highs in sales and gross profits. The Company\u2019s cannabis grow management operation in Phoenix, called \u201cSweet Virginia,\u201d delivered a record $892,265 in revenue compared to the same six-month period in 2019 of $773,079. Along with this revenue growth, the grow management operation booked gross profits of $636,848 compared to $511,510 in the same period of the previous year.\u00a0 Its revenues and gross profits were 15% and 24% higher than the same periods in the previous year. Company president David Gwyther said, \u201cI am extremely pleased that we booked these record numbers. 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