Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

American Green Puts Final Touches On Construction At 'Cypress Chill' Cannabis Grow

Author: Vuk Zdinjak | March 21, 2022 12:16pm

American Green, Inc. (OTC:ERBB) completed the final phase of demolition at its new cannabis grow facility and its architectural team will self-certify their building plans at the “Cypress Chill,” grow operation to ensure it receives faster approval from the City of Phoenix.

“The strategic decisions which we have recently made by choosing to self-certify the architectural plans to speed up the completion of Cypress Chill and to install a top-of-the-line, custom-engineered, reverse osmosis water purification system manufactured by the Suez Group show that we are consistently making progress with the development of our existing warehouse into a state-of-the-art grow facility," said American Green president, David G. Gwyther. We are extremely happy with where we are today including the completion of the inside demolition at ‘Cypress Chill.’”

American Green’s grow division director of operations, Bryan Croteau, added, “After months of research, we felt that the Suez equipment was a necessity in our plan to complete the project with the best technology available. This decision to purchase the water purification system from the Suez Group means that we are redesigning part of the Cypress Chill floor plans but we know that taking the extra time to do that is well worth the effort.

“The Suez system ensures that our cannabis plants have enough of the cleanest purified water possible before mixing our nutrients and feeding our plants every day thus ensuring that American Green continues producing the premium quality cannabis that our customers expect. We can treat 11,500 gallons of water daily which will be held in a 15K gallon storage tank.”

While the custom design of the Suez system required American Green to change its architectural plans now, it allowed them to avoid any  “change fees” and the time delays it would have incurred if it waited to submit the plan changes after they were submitted to the City of Phoenix. Plan submission will occur in May and this will have little or no effect on the goal of completing final construction by the end of the year since self-certifying the plans speed up the construction process.

 

Posted In: ERBB

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist