Business
American Green (OTC:ERBB) Financials Report Double-Digit Growth and Record Sales Numbers
American Green (OTC:ERBB) Financials Report Double-Digit Growth and Record Sales Numbers.
About this update from American Green, Inc.
[{"type":"text","content":"\n PHOENIX, AZ, Feb. 19, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Today American Green (ERBB:OTC) announces for the six-month period ending December 31, 2020, it has reached all-time highs in sales and gross profits. The Company’s cannabis grow management operation in Phoenix, called “Sweet Virginia,” 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.  Its revenues and gross profits were 15% and 24% higher than the same periods in the previous year. Company president David Gwyther said, “I 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.” 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.  American Green continues to gain momentum with the American Green Online Emporium and is very pleased with the sales of selected American Green products offered through Amazon which began a few months ago. Look for additional Hemp products to be released for sale on Amazon in March and in the coming months. “A 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.   We are looking forward to a great year for American Green and our shareholders,” concluded Mr. Gwyther. Shareholders and interest holders may also stay current with American Green Updates: American Green’s Main Website at www.americangreen.com Twitter:  @American__Green (two underscores), or Facebook:   https://www.facebook.com/americangreenusa Instagram:   https://www.instagram.com/americangreenusa/ Ins...