After reporting strong gains in the last week of October, the stock price of American Green Inc (OTCMKTS:ERBB) has tumbled from over $0.005 to below $0.003. Earlier in November, the company reported that the City of Phoenix has rebooted the demolition license which terminated earlier in the year.
What next?
With the necessary and critical tasks in the backlog, the firm can re-commence physical construction, complete engineering along with the site plan and, awaiting support from the Department of Health Services, its planned harvests commencing late in 1Q2017.
Overcoming trials presented additional opportunities and challenges. Pat Carrigan, the Chief Operating applied his rational approach to operations and his building experience to project and remove hold-ups, lay the best path, and implement them. The specifics will be disclosed during the construction period and to folks who can visit the facility for a planned tour.
The management speaks
David Gwyther, the Chairman of American Green, said that the cannabis industry is comparatively new to AZ. While approved within the state, city executives remain understandably vigilant pertaining all aspects of production facilities as they are developed and run. A properly developed and implemented plan is what the management want, and they will offer them.
After a remarkable start which crushed to a halt and a financial plan that had developed so quickly that it surpassed the bounds of realism, the board, acting president, and the specialists team were able to cage the costs related with the cultivation facility this summer. This has to be done while maintaining impetus toward its close. Gwyther said that they are delighted to have Carrigan stepping in to turn Phoenix Grow to fulfilment.
Carrigan said that they witnessed a lot of prospects and advanced it with an open mind. The unusual plan presented when the building was chosen back in 2015 was well developed and bringing the existing version of that strategy to reality makes sense. A repeatable structure that results in premium cannabis in arranged quantities, while remaining absorbed on strains that have documented therapeutic qualities is a working model that can create revenues and enhance those revenues via confident expansion.
