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Home 🌿 Marijuana Business News 🌿 American Green Creates Colorado Subsidiary and Formalizes the Union With Herbal Elements for a Legal Cannabis Grow and Extraction Operation 🌿American Green Creates Colorado Subsidiary and Formalizes the Union With Herbal Elements for a Legal Cannabis Grow and Extraction Operation
TEMPE, AZ--(Marketwired - Jul 7, 2015) - American Green, Inc. (OTC PINK: ERBB) announced today that it has successfully completed the formation of American Green - Colorado Inc., a corporation formed in Colorado for the purpose of advancing the deal first announced to shareholders and the public in September of 2014. Herbal Elements will bring local licensing, relationships, knowledge and its corporate assets to the deal. American Green will support the build-out with it's proprietary technologies such as Truth Lighting and TrackX for the general expansion of CBD-rich cannabis strains. In addition, the Herbal Elements' location will serve as a flagship business to demonstrate what American Green and its subsidiaries have to offer to the cannabis industry as well as serve as the company's R&D facility. Within two years, company management believes it can achieve a .5% market penetration in the Colorado extraction technology segment which, based on 2014...
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