{"id":475456,"date":"2021-04-13T08:33:07","date_gmt":"2021-04-13T12:33:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/american-green-inc-otcerbb-renews-sweet-virginia-cannabis-cultivation-building-lease-for-5-more-years\/"},"modified":"2021-04-13T08:33:07","modified_gmt":"2021-04-13T12:33:07","slug":"american-green-inc-otcerbb-renews-sweet-virginia-cannabis-cultivation-building-lease-for-5-more-years","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/american-green-inc-otcerbb-renews-sweet-virginia-cannabis-cultivation-building-lease-for-5-more-years\/","title":{"rendered":"American Green, Inc.\u2122 (OTC:ERBB) Renews \u201cSweet Virginia\u201d Cannabis Cultivation Building Lease For 5 More Years"},"content":{"rendered":"
\n

\n Wins its Landlord\/Tenant Dispute in Arizona Superior Court<\/strong>\n <\/p>\n

PHOENIX, AZ, April 13, 2021 (GLOBE NEWSWIRE) — via NewMediaWire<\/u><\/a> — Today,\u00a0<\/strong>American Green, Inc. (ERBB:OTC)<\/strong><\/a>\u00a0<\/strong>announced that it emerged victorious in Arizona Superior Court when Commissioner David Garbarino ruled that the company\u2019s grow building owner had no right to demand an almost tripling of the amount American Green must pay to exercise the first of their 3 five-year lease extensions.<\/p>\n

According to David Gwyther, American Green\u2019s president, \u201cThe lease extension that our company signed at the start of our original grow building lease 5 years ago did not call for market rate increases each time the company exercised its option to renew. The building owners did not agree and told American Green to either pay the increased amount, purchase the building for $500,000 over its now-current fair market value, or vacate the premises.\u00a0 Since American Green had already invested almost $3 million in \u201cSweet Virginia,\u201d the 12,000 sq ft West Phoenix building, and transformed it into the modern and very efficient grow facility it is today, we had no choice but to fight it out in court.\u201d<\/p>\n

American Green hired the Phoenix law firm of\u00a0Wilenchik and Bartness<\/strong><\/a>\u00a0to represent the company at a series of hearings presided over by Commissioner David Garbarino.\u00a0 After weeks of preparation by Dennis Wilenchik and his associates and following almost 10 hours of testimony, commissioner Garbarino ruled in favor of American Green:<\/p>\n

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0 That lease rates would remain the same throughout the current and all future contractual 5-year extensions,<\/p>\n

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0 that American Green did, in fact, not default its rights to exercise its 5-year renewal options at any time during the original term of its lease, and;<\/p>\n

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0 that the building owner would pay the American Green\u2019s legal fees which amounted to over $30,000.<\/p>\n

Shareholders and other interest-holders may take a \u201clive\u201d peek at American Green\u2019s \u201cSweet Virginia\u201d grow operation online during normal business hours.\u00a0 Click\u00a0here<\/a>\u00a0or\u00a0here<\/a>.\u00a0<\/p>\n

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

\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.<\/p>\n

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

\n Stop By The American Green CBD Store:<\/strong>\n <\/p>\n

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0 Free Shipping On All Orders<\/p>\n

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0 Large Selection of Products (over 140 items and growing)<\/p>\n

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0 100% USA Made Products<\/p>\n

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0 All Products are THC-FREE (they contain 0.00% THC)<\/p>\n

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0 20% Discount For Shareholders (promo code\u00a0INVESTOR<\/strong><\/a>)<\/p>\n

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0Weekly Deals<\/strong><\/a>\u00a0(new deals every week)<\/p>\n

\n Current Deals (Thru Friday, April 16th, 2021):<\/strong>\n <\/p>\n

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CBD Cat Treats<\/strong><\/a>\u00a0$13.95 (was $16.95)<\/p>\n

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0500MG CBD Pet Oil<\/strong><\/a>\u00a0$24.95 (was $29.95)<\/p>\n

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Blueberry Dog Treats<\/strong><\/a>\u00a0$14.95 (was $19.95)<\/p>\n

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01000MG Broad Spectrum CBD Oil<\/strong><\/a>\u00a0$48.95 (was $59.95)<\/p>\n

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100MG CBD Balm – Musk<\/strong><\/a>\u00a0$21.95 (was $29.95)<\/p>\n

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0100MG CBD Balm – Cinnamon<\/strong><\/a>\u00a0$21.95 (was $29.95)<\/p>\n

\u25cf\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CBD Isolate – 5 Grams $49.95<\/strong><\/a>\u00a0(was $79.95)<\/p>\n

\n American Green accepts: Select Crypto Currencies (including Bitcoin), Visa, MasterCard, American Express, Discover, and Diners Club.<\/em>\n <\/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<\/p>\n


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

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

Wins its Landlord\/Tenant Dispute in Arizona Superior Court PHOENIX, AZ, April 13, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Today,\u00a0American Green, Inc. (ERBB:OTC)\u00a0announced that it emerged victorious in Arizona Superior Court when Commissioner David Garbarino ruled that the company\u2019s grow building owner had no right to demand an almost tripling of the amount American Green must pay to exercise the first of their 3 five-year lease extensions. According to David Gwyther, American Green\u2019s president, \u201cThe lease extension that our company signed at the start of our original grow building lease 5 years ago did not call for market rate increases each time the company exercised its option to renew. The building owners did not agree and told American Green to … <\/p>\n

Continue reading “American Green, Inc.\u2122 (OTC:ERBB) Renews \u201cSweet Virginia\u201d Cannabis Cultivation Building Lease For 5 More Years”<\/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-475456","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAmerican Green, Inc.\u2122 (OTC:ERBB) Renews \u201cSweet Virginia\u201d Cannabis Cultivation Building Lease For 5 More Years - 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-inc-otcerbb-renews-sweet-virginia-cannabis-cultivation-building-lease-for-5-more-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"American Green, Inc.\u2122 (OTC:ERBB) Renews \u201cSweet Virginia\u201d Cannabis Cultivation Building Lease For 5 More Years - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Wins its Landlord\/Tenant Dispute in Arizona Superior Court PHOENIX, AZ, April 13, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Today,\u00a0American Green, Inc. (ERBB:OTC)\u00a0announced that it emerged victorious in Arizona Superior Court when Commissioner David Garbarino ruled that the company\u2019s grow building owner had no right to demand an almost tripling of the amount American Green must pay to exercise the first of their 3 five-year lease extensions. According to David Gwyther, American Green\u2019s president, \u201cThe lease extension that our company signed at the start of our original grow building lease 5 years ago did not call for market rate increases each time the company exercised its option to renew. 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(ERBB:OTC)\u00a0announced that it emerged victorious in Arizona Superior Court when Commissioner David Garbarino ruled that the company\u2019s grow building owner had no right to demand an almost tripling of the amount American Green must pay to exercise the first of their 3 five-year lease extensions. According to David Gwyther, American Green\u2019s president, \u201cThe lease extension that our company signed at the start of our original grow building lease 5 years ago did not call for market rate increases each time the company exercised its option to renew. 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