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American Green, Inc. Purchases Town of Nipton, California, with Plans to Develop Premier Cannabis Hospitality Destination
American Green, Inc. Purchases Town of Nipton, California, with Plans to Develop Premier Cannabis Hospitality Destination.
About this update from American Green, Inc.
[{"type":"text","content":"\n \n \n American Green, Inc. Purchases Town of Nipton, California, with Plans to Develop Premier Cannabis Hospitality Destination\n \n \nAmerican Green, Inc. Purchases Town of Nipton, California, with Plans to Develop Premier Cannabis Hospitality Destination\n \n PHOENIX, AZ--(Marketwired - Aug 3, 2017) - Today American Green, Inc. (OTC PINK: ERBB) has announced its purchase of the town of Nipton, California, a 100-year-old community in San Bernardino county, and intends to modernize it into the country's first energy-independent, cannabis-friendly hospitality destination -- all while retaining its historic look and value. As the second oldest and the largest publicly-traded cannabis company in the US (with over 50,000 certified shareholders), American Green is the first company to buy an entire town for the purpose of capitalizing on the emerging cannabis tourism industry. Many of Nipton's current and past highlights can be viewed at www.nipton.com. \n With over 120 acres of potential for development and just 10 minutes off of busy Interstate 15, American Green has taken the first step to transform Nipton into an effective hub for the production of various cannabis-based products as well as possible fully-licensed cultivation which includes a safe and appropriate approach to consumption. Located on the border between California and Nevada, the town is strategically positioned on the railway line going from Los Angeles through Las Vegas to Salt Lake City and beyond. \n Initially, American Green and Nipton will focus on the bottling of fresh CBD-infused water direct from a nearby aquifer which the company will then seek to distribute throughout California (https://americangreencbd.com/faq/). Discussions are underway with several well-established edible and extraction companies that have expressed interest in having production facilities in the town as well -- all done paying strict adherence to regulatory guidelines. Ultimately, the company would like to offer a variety of commercial and recreational attractions including: CBD and mineral baths, cannabis-product retail outposts, artists-in-residence programs, culinary events, and Bed-and-Breakfast lodging to complete the charming small town experience. Company officials hope that this project will help to catalyze job creation and development within the town and surrounding comm...