ERBB - American Green reports 20% growth in its second quarter revenue

American Green (OTCPK:ERBB) has reported its Q2 2021 revenue to be $515,000 (+20% Y/Y) at its Sweet Virginia grow facility. Looking forward, the company expects its Q2 2022 revenue to be in the range of $285,000 to $800,000 (approx. +55% Y/Y). "After a full operating year with the new lights and with excellent plant management and plant science already in place, the grow will produce approximately $3,200,000 in annual revenue which will be up an approximate $1,200,000 from today’s annual revenue estimate of $2,000,000.  All of the cannabis grown at Sweet Virginia is sold only to Curaleaf Inc. and we have a sales contract to keep producing our premium cannabis for them until mid-2026," said President David G. Gwyther. Press Release

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American Green reports 20% growth in its second quarter revenue