Shares of American Green Inc (OTCMKTS:ERBB) are waking up after what was a fairly extended lull following a huge run back in the Fall of last year. 2017 hadn’t been kind to the stock up until a big announcement hit this midweek.
That changed with the news that the company has literally bought a town. Such a rare event is bound to draw some attention, and that’s what we want to focus on today.
American Green Inc (OTCMKTS:ERBB) announced its purchase of the town of Nipton, California, a 100-year-old community in San Bernardino county, and intends to modernize it into the country’s first energy-independent, cannabis-friendly hospitality destination — all while retaining its historic look and value. American Green is the first company to buy an entire town for the purpose of capitalizing on the emerging cannabis tourism industry.
With over 120 acres of potential for development and just 10 minutes off of busy Interstate 15, American Green has taken the first step to transform Nipton into an effective hub for the production of various cannabis-based products as well as possible fully-licensed cultivation which includes a safe and appropriate approach to consumption. Located on the border between California and Nevada, the town is strategically positioned on the railway line going from Los Angeles through Las Vegas to Salt Lake City and beyond.
Initially, American Green and Nipton will focus on the bottling of fresh CBD-infused water direct from a nearby aquifer which the company will then seek to distribute throughout California. Discussions are underway with several well-established edible and extraction companies that have expressed interest in having production facilities in the town as well.
Ultimately, the company would like to offer a variety of commercial and recreational attractions including: CBD and mineral baths, cannabis-product retail outposts, artists-in-residence programs, culinary events, and Bed-and-Breakfast lodging to complete the charming small town experience. Company officials hope that this project will help to catalyze job creation and development within the town and surrounding communities, making Nipton a model for the cannabis industry’s role in stimulating and accelerating the rebuilding of struggling small town economies throughout the US where cannabis products have been legalized.
Nipton’s future plans include setting the standard for energy efficiency and environmentally responsible tourism. American Green intends to expand the existing solar farm, to move Nipton toward becoming a completely energy-independent town, including the development of the town’s existing aquifer system for water supply. American Green anticipates job creation will occur naturally in building and development, as well as tourism, agriculture, entertainment, transportation, retail and more, presenting new opportunities for innovation and entrepreneurship.
“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.” (Source: Marketwired)
After this incredible turn of events, we are going to be very eager to continue tracking ERBB, and await further updates on the Nipton project. We suggest you follow along with us. Stay locked to Street Register for updates, and we’ll deliver important developments on ERBB as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in ERBB stock, short or long