Business
City of Tempe Grants American Green Client Zoning Approval to Open a Medical Marijuana Dispensary
City of Tempe Grants American Green Client Zoning Approval to Open a Medical Marijuana Dispensary.
About this update from American Green, Inc.
[{"type":"text","content":"\n \n \n City of Tempe Grants American Green Client Zoning Approval to Open a Medical Marijuana Dispensary\n \n \nCity of Tempe Grants American Green Client Zoning Approval to Open a Medical Marijuana Dispensary\n \n TEMPE, AZ--(Marketwired - Dec 29, 2015) - American Green, Inc. (OTC PINK: ERBB) today announced that American Green's client has received zoning clearance from the City of Tempe for a medical marijuana dispensary. This is a monumental step given the city of Tempe has initiated legislation to institute a moratorium for any additional Medical Marijuana dispensaries. There are currently only two locations operating in this municipality.\n \"The accomplishment in Tempe is substantial for American Green. We were successful in securing this location given a difficult cannabis real estate market and efforts by the existing operators to ban any new Tempe dispensaries,\" said Jerry Chesler, American Green's General Counsel. \n \"Gaining approval in Tempe at this time was extremely important,\" said Jonathan Miller, American Green CEO. \"Tempe will not approve any new dispensaries for at least a year. We have seen the City of Phoenix and other municipalities deny new dispensary applications. I'm proud to say the American Green team accomplished a difficult task and successfully delivered a valuable asset.\"\n \"As we take this important step, we further our business plan which is to invest in assets, improve those assets, and then derive income from those assets,\" Miller continued. \"I believe we have secured one of the finest dispensary locations in the State of Arizona. As we begin 2016, shareholders will continue to see our multi-faceted revenue-generating endeavors unfold. With leaner operational costs and more focused efforts on driving revenue and profit, our plan to provide return on investment is running at full-tilt.\"\n Be sure to visit the company's website at www.americangreen.com and sign up for the company's EMAIL ALERTS to stay current on news.\n \n Shareholders and interest holders may also stay current with American Green Updates by going to the American Green website at www.americangreen.com, or by going directly to http://americangreen.com/contact-us to sign up.\n NOTES ABOUT FORWARD-LOOKING STATEMENTS\n Except for any historical information contained herein, the matters discu...