American Green Inc (OTCMKTS: ERBB) has announced its collaboration with Curaleaf’s two cultivation facilities in Arizona. Signing the agreement means that the involved members agree to become a part of a new management services agreement.
Prevailing good relations
The company considers Curaleaf to be a worthy partner because of the major milestones that the partner has hit over the years. For example, Curaleaf has managed to serve a significant portion of medical and adult-use customers within the state with leading cannabis products that have ensured their wellbeing.
The most recent development guarantees American Green great times ahead. For instance, the company hopes to fetch almost 2.1 million dollars in annual revenue. It anticipates $10.4 million in the long run, and that is for the period the deal between the two holds. Analysts applaud the new collaboration, outlining that it spells out significant gains for the companies and the product consumers.
Top officials’ thoughts
The American Green’s president David G. Gwyther seems impressed with the extension of their business cooperation with Curaleaf Holdings, Inc. It is a collaboration that spans about five years and gives room for further extensions if the parties reach a consensus.
Gwyther states, “There is also an opportunity for American Green to continue the agreement for three additional five-year periods after our initial five-year term is up. We will continue to provide our premium cannabis grown at our “Sweet Virginia” grow and provide the quality customer service that Curaleaf has been accustomed to so we can earn those future agreement extensions.”
The president of Curaleaf Arizona is the other official that has commented on the latest developments. The official applauds American Green for being an outstanding partner through the many years they have worked together. He adds that they are delighted to get the opportunity to work with the partner over the next five years.
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