PHOENIX, AZ and NIPTON, CA , March 28, 2018 (GLOBE NEWSWIRE) -- Today American Green, Inc. (OTC: ERBB) is pleased to announce that it has entered into a Joint Venture (JV) to create a CBD
processing plant in Nipton, Ca. with MediaTechnics Corporation (OTC: MEDT).
- Under the terms of the JV, MEDT is to specify, procure, design, develop and install a state-of-the-art extraction facility in
Nipton, capable of extracting Cannabidiol (CBD) from Industrial Hemp. Industrial hemp contains less than 0.003% THC, below the
level where it can be considered a psychoactive drug.
- The parties intend to use CBD (Cannabidiol) to manufacture multiple products, including CBD Infused Water, drawn from a major regional aquifer
located nearby Nipton.
- The Ivanpah Valley Aquifer contains millions of acre-feet of unspoiled, ancient water and we intend to build a bottling plant
to produce Nipton Water and Nipton CBD Infused Water as well as manufacturing other CBD based products, all from safe, legal,
high quality Industrial Hemp.
- The offcast hemp from the extraction plant will also be utilized to manufacture American GreenCrete, a high quality,
100% recycled construction material for use in housing and other facilities in and around Nipton and worldwide.
The principles and consultants of MEDT have decades of experience running multiple hemp-related businesses in and around Los
Angeles, including the management of one of Los Angeles’ premier dispensaries and operating multiple grows - all, while helping to
build one of the top extraction companies in the state.
MEDT’s President, Jeremy Carr, stated, “We are thrilled to lend our expertise to American Green’s Nipton project and to be part
of California’s first ‘Cannabis-Friendly Destination’.”
Along with American GreenCrete, these facilities are among the first of many other revenue-generating opportunities American
Green plans for Nipton and the surrounding areas including Searchlight and Primm Nevada.
In other news:
Senate Majority Leader Mitch McConnell (R-KY), together with Ron Wyden (D-OR) and Rand Paul (R-KY) plan to introduce The
Hemp Farming Act of 2018 to completely remove Industrial Hemp from the Controlled Substances Act. This far exceeds the
modest exemptions allowed under the 2014 Farm Bill.
McConnell Plans to Legalize Hemp Nationwide
Be sure to visit the company's website at www.americangreen.com and sign up for the company's EMAIL ALERTS to stay current on news.
In addition, shareholders and other interest holders are invited to join the conversation about American Green found
here: https://otc.watch/groups/american-green-inc-erbb/forum/
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NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking
statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission
reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking
statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe
harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks,
uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those
expressed or implied. Forward-looking statements may identified by words such as estimates, anticipates, projects, plans, expects,
intends, believes, be should and similar expressions and by the context in which they are used. Such statements are based upon
current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after the date on which they are made.
About American Green, Inc.
American Green, Inc., became, in 2009, one of the first publicly traded technology companies in
the cannabis industry. Now, with over 50,000 individual shareholders, more than any other company in the cannabis sector, American
Green's mission is to lead the cannabis industry. Leveraging our team of professionals in cultivation, manufacturing, extraction,
wholesale, retail, and community outreach, we strive to develop sustainable initiatives, while increasing shareholder value and
company profit.
About Mediatechnics Corporation
MediaTechnics Corporation (OTC PINK: MEDT) (http://www.bloomberg.com/quote/MEDT:US) and its wholly owned subsidiary BlazeNow Inc, specialize
in providing ancillary products and services to the medical and recreational Cannabis industries. Our management will utilize
industry experience to target the areas of the market with the highest profit potentials.
We believe in the future legitimacy and profitability of the industry based on recent studies showing bi-partisan support and
demand for Cannabis. We believe that Cannabis provides a healthier alternative to conventional pharmaceutical and recreational
drugs and will play an important role in the future of our country's health care. We are determined to be a dominant force in
defining this emerging market.
For more information, please contact: info@medtcorp.com Contact: American Green, Inc. Investor Relations 11011 South 48th St. Phoenix, AZ 85044 480-443-1600 X555
