American Green, Inc. (OTC PINK: ERBB) announced late last week that it purchased the town of Nipton, California. This is a 100-year-old community in San Bernardino county that American Green intends to modernize into the country’s first energy-independent, cannabis-friendly hospitality destination.
“We are excited to lead the charge for a true ‘Green Rush,'” says David Gwyther, chairman and president of American Green. “The Cannabis Revolution that’s going on here in the US has the power to completely revitalize communities in the same way gold did during the 19th century. This acquisition allows us to channel the myriad interests in cannabis production and consumption for an immediate positive impact to this community’s members and to cannabis consumers across the country. As industry leaders since 2009, we are thrilled to begin work on this first-of-its-kind eco-tourism experience for conscious cannabis consumers.”
Since this announcement was made, shares of the cannabis company have moved up in price from $0.0013 to as high as $0.0046 on August 7. “The Nipton Project has the potential to be one of the biggest initiatives any of us at American Green have undertaken. The project holds great possibilities for our company and for the cannabis industry as a whole,” says Pat Carrigan, Chief Operating Officer at American Green.