American Green reports 20% growth in its second quarter revenue

Feb. 02, 2022 7:59 AM ETAmerican Green, Inc. (ERBB)By: Shweta Agarwal, SA News Editor2 Comments
  • 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

Recommended For You

Comments (2)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.