Yesterday, American Green, Inc. (OTC:ERBB) announced that their Phoenix, Arizona cultivation site is back on track following a few hiccups in the planning phase.
ERBB announced that the first permits are in place with the City of Phoenix and the State of Arizona, making way for renovations to get started. If all goes as planned, they expect to have the first marijuana harvest in March of 2017.
"The way our team has set up the property to effectively use the available space will allow American Green's cultivation partner to enjoy yields conservatively placed at well over 1,000 pounds of legal medicine annually. At current wholesale prices, we project a yield of about $1,500,000 in gross revenues for our first American Green grown facility," according to David Gwyther, president of American Green, Inc. Some highlighted specifics of the expected facility include: