American Green (OTC:ERBB) Receives Equipment Lease Funding for its 40K s.f. Cypress Chill Cannabis Grow
Phoenix, AZ - (NewMediaWire) - February 02, 2023 - Today American Green (ERBB:OTC) announced that it has received equipment lease funding for the 2 custom made AC adiabatic fluid coolers (each weighing over 13,500 lbs) delivered last year. This HVAC equipment is on site and our plans call for it to be installed at the Cypress Chill cannabis grow operation as soon as the structural steel is installed to support it. Equipment funding was provided by Global Financial Leasing Services LLC.
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“We decided to fund this HVAC equipment with an equipment lease because the lease provided a better overall financial opportunity for American Green. The new equipment is integral for the completion of our approximately 40K sf Cypress Chill cannabis grow. Deposits had been made against this equipment previously and we are very pleased to get the equipment lease funding for the over $400,000 balance owed. Global Financial recently inspected the equipment at our Cypress Chill facility and subsequently funded the first of two leases,” said David G. Gwyther, American Green president.
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About American Green, Inc.
In 2009, American Green, Inc. became America’s second publicly traded Company in the cannabis sector. American Green, with its more than 75,000 certified beneficial shareholders, is one of the largest (in shareholder count) in the cannabis sector. American Green’s mission is to lead the cannabis and premium CBD industry. Leveraging our team of professionals in cultivation management, manufacturing, extraction, wholesale, retail, and community outreach, we strive to develop sustainable initiatives in the cannabis-adjacent and CBD industries, laser-focused on adding Company and shareholder value.
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American Green, Inc.
2902 W. Virginia Ave
Phoenix, AZ 85009
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company’s Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbors created by that Act.Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, be should, and similar expressions and by the context in which they are used. Such statements are based upon the Company's current expectations and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.