Business
“Sweet Virginia,” American Green’s Managed Premium Cannabis Operation in Phoenix, Arizona Hits Revenue Milestone this Month
“Sweet Virginia,” American Green’s Managed Premium Cannabis Operation in Phoenix, Arizona Hits Revenue Milestone this Month.
About this update from American Green, Inc.
[{"type":"text","content":"\n-- Arizona Supreme Court upholds the sale of cannabis concentrates and infused foods \n -- American Green expands kitchen capabilities PHOENIX, AZ, June 27, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Today, American Green (ERBB:OTCPK) announced that it has achieved two major goals involving both revenue and quality for the cannabis it has grown and processed under American Green’s Management Agreement with licensor, Natural Herbal Remedies. The Sweet Virginia Grow has surpassed $870,000 in cannabis sales after just 7 months of operation and is now operating at near-capability within its 12,000 sq. ft. Phoenix facility.  The Company is on track to achieve its next milestone of $1,000,000 in sales sometime this summer (FY2019) as the company expands its Phoenix kitchen facilities in accordance with the latest Arizona Supreme Court ruling permitting the production and sales of cannabis-infused products within its licensed facilities.  According to American Green’s president, David Gwyther, “The Sweet Virginia Grow reached its first major sales milestone faster than originally expected, and is a true testament to the quality of the products and the strength of our team managing our Phoenix grow facility.” American Green-grown “connoisseur quality” medical marijuana is currently being sold in 36 Arizona state-licensed dispensaries who sell high-quality cannabis products to their patients.  These dispensaries represent more than 33% of all of Arizona’s active Medical Marijuana patients. This milestone was achieved by carefully integrating Sweet Virginia’s output with the ever-changing needs of Arizona’s cannabis marketplace.  Sales Manager, Ryan Anderson and Grow Manager, Bryan Croteau have put forth tremendous effort in educating the dispensary agents throughout the state and for organizing many patient-focused educational events throughout the state that underscore the importance of properly applied medical marijuana medication integrated with the appropriate high-quality American Green-grown cannabis - some of the highest quality of cannabis medicine found in the state. Mr. Gwyther continues, “We’ve spent over 3 years and have overcome tremendous challenges in getting the Sweet Virginia Phoenix Grow to this point, and I see signs of great prog...