You may think the cannabis industry is only seeking to give back to society through providing quality products. No, it is not. Thanks to the bigger vision of developing sustainable initiatives, which has occasioned a partnership between American Green, Inc.(OTCMKTS: AMNE) and PetTreater.com. The latter, a Tennessee-based institution, offers subscription-based services to dog and cat owners. They are treated to a mystery box, which is more than the total value of their monthly subscription rate.
Estimates from the American Pet Products Association have it that nearly 39.0% of dog owners and 34% of cat owners favor CBD-based products for their pets. Hence, according to PetTreater’s Marketing and Purchasing Assistant, Erin Edwards, the new partnership will facilitate the distribution of treats.
The Rapid Increase of the CBD Dog and CBD Cat verticals
Edwards is opinionated that treats from American Green are of fantastic quality with incredible flavor. Hence PetTreater’s customers will receive value for the money they spend on their furry babies. Additionally, the demand for CBD Dog and CBD Cat verticals is growing by the day, standing at 40 percent annually.
This gives American Green an incredible opportunity to enter the market. Meanwhile, the company’s V.P. of Worldwide Sales, Kevin Davis, says, “The partnership with PetTreater.com allows us to expand the distribution of American Green CBD dog and cat treats while providing superior value to every new customer…”
Leveraging Laser-Focused Initiatives to Build Shareholder Value
American Green is home to more than 50,000 certified beneficial shareholders, making it one of the highest in the cannabis sector. Its mission is to become the leader in the cannabis and premium CBD industry.
Meanwhile, it expects to generate at least $10 million in annual revenue once operations in a 35,100 square foot building located in Phoenix, Arizona, pick up. The income will be 500% more than what the company makes annually. The building’s lease starts with an initial five years with a renewal option of three more 5-year terms.
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