ERBB - American Green estimates $10M in additional annual revenue from new cannabis operation

American Green (ERBB) signed a lease with an option to buy a 35.1K sq. foot building located in Phoenix, Arizona, and is expected to generate $10M (conservative estimates) in annual revenue when fully operational.The additional revenue is ~500% more annual revenue than American Green's current $2M annual revenue.The lease starts with an initial 5 years and includes an option for renewal for three more 5-year terms along with an option to purchase the building within 2 years of the lease start date.The American Green laboratory will be producing top-tier concentrate offerings within its first year of operation.

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American Green estimates $10M in additional annual revenue from new cannabis operation