CannAwake Corporation and American Green Complete Purchase of Nipton Solar Facility
13 Settembre 2018 - 4:19PM
InvestorsHub NewsWire
Phoenix AZ and Nipton CA -- September 13, 2018 --
InvestorsHub NewsWire -- American Green,
Inc. (ERBB:OTC) and CannAwake Corporation
(CANX:OTCQB) are pleased to announce that they have completed the
purchase of the solar power generating station in Nipton,
California.
Scott Stoegbauer, CannAwake’s president, stated, “After months
of very productive negotiations, I am proud to announce that we
have finally closed on the purchase of the entire solar plant in
Nipton. The deal, that has just now been finalized, transfers
full ownership and complete control of the equipment, materials,
services, and supplies associated with the solar generating
installations on both sides of Nipton Road. My management
team and we take our fiduciary responsibilities to our shareholders
and other stakeholders quite seriously and, thus were able to
negotiate a purchase price that was a fraction of the original
$320,000+ installation costs.”
The company has already reached out to one of the original solar
facility designers and installers and was successful in soliciting
their help in bringing the solar generating plant back its original
performance levels, and eventually beyond. We look forward to
offsetting a significant amount of our monthly electric payments in
the near future. As work on the solar equipment proceeds, the
next priority is to enter into an Interconnect Agreement with
Southern California Edison Company to ensure that Nipton is ready
to go live the moment repairs are completed and the plant comes
back online.
Mr. Stoegbauer added, “Make no mistake, the development of
bringing clean green, sustainable energy back to Nipton is one of
the first major steps toward achieving the company's goal of
obtaining a “Zero Energy Footprint” for our rapidly expanding
town.”
Following last year’s successful purchase and the always-ongoing
work of rejuvenating 100-year-old Nipton, CA (www.nipton.com),
CannAwake Corporation continues to keep its corporate “eye” on
other small towns with the intention to preserve their charm and
history while evaluating their potential to infuse growth and
revenue opportunities. for the town and for American Green.
Every week, we are attracting, new, very interested, potential
partners who wish to work with CannAwake and American Green to
accomplish our company’s ongoing endeavors. Currently, the
Company has a committed team of outstanding professionals living in
Nipton and who are dedicated to making Nipton a unique tourist
destination in California.
Shareholders and interest holders may also stay current
with American Green and CannAwake Updates:
Twitter: @American__Green (two underscores), or
Facebook: https://www.facebook.com/americangreenusa
Instagram:
https://www.instagram.com/americangreenusa/
Instagram:
https://www.instagram.com/magicalnipton/
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.
Contact:
American Green, Inc.
Investor Relations
11011 South 48th St.
Phoenix, AZ 85044
480-443-1600 X555
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