American Green Finalizes Joint Venture With Calyptic LLC
American Green, Inc. (OTC PINK: ERBB) announced today that it has finalized the Joint Venture Agreement withCalyptic LLC of Grants Pass, Oregon and will begin offering high-quality cannabis brands, under license with American Green, through authorized channels in the State of Oregon.
The outdoor harvest in Oregon began this past Sunday under the glow of the blood moon followed by the full lunar eclipse with the moon also closer to earth than at any time this year. Add to that, the fact that it was the second full moon of the month, making for truly perfect conditions for an outdoor marijuana harvest. “We were inspired, ” said Aaron Hathaway-Neel, Calyptic partner. “It was a memorable way to start off the harvest and we won’t likely experience this again.”
Today, October 1, 2015, is the first day that marijuana for recreational use is legal throughout the state of Oregon.
The harvested material will cure before being pre-rolled and packaged for dispensaries in Eugene and throughout Oregon. Trim from the plants will undergo the proprietary Calyptic extraction process resulting in a golden nectar for medical marijuana patients and adult recreational marijuana customers.
Pre-rolls and nectar will be sold under license and packaged bearing the American Green name. The major focus of American Green packaging is brand awareness and shelf life. Typically, product is sold unwrapped or in non-airtight containers. As a result, the product tends to “de-gas” quickly and lose quality and effectiveness.
“The pre-rolls will be branded ‘FlowerSticks’ and are the first products produced under license bearing American Green branding. Colorado will be next. Our goal is to become nationally recognized as a brand known for quality, consistency, and fresh product. The American Green product rollout has begun,” stated Stephen Shearin, American Green president.
If you haven’t heard, the American Green 420 Report is available online. Filmed and produced at the American Green studio in Tempe, AZ, media director Will Harris brings you a weekly report of the good, the bad, and the fascinating as he keeps our 50,000 shareholders and viewers up to date with the “goings on” within the legal cannabis business in the US and around the world.
Subscribe to the 420 Report athttps://www.youtube.com/user/americangreenusa.
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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, 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.
About American Green, Corp.
American Green, Corp., became one of the first publicly traded technology companies in the medical cannabis industry in the world, beginning in 2009, with the introduction of the ZaZZZ machine for automated, age-verifying dispensing of cannabis-based medicines. Now, with over 50,000 individual shareholders, American Green’s mission is to be the cannabis & industrial hemp industry, seed-to sale innovator, leveraging our team of professionals, as well as value-added companies and products — spanning cultivation, manufacturing and extraction, retail, and community outreach. We strive to develop sustainable businesses, while increasing shareholder value, and awareness beyond our industries.
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