American Green has signed a non-binding letter of intent for $12,000,000 with a private equity firm to fund the completion of the build-out at its "Cypress Chill" grow building that it purchased in May of 2022 for $3.75MM. The company will continue to provide the documentation required by the lender so it can get through the loan application process.
"American Green will keep looking for the best possible funding opportunities for Cypress Chills construction and for the rest of the equipment needed to fully complete the cannabis grow facility. We would like to thank two extremely important equipment suppliers for their time, expertise, and the supply of their excellent products. Agronomic IQ is supplying the majority of the HVAC equipment and controls that will help us dial in a great cannabis growing environment, and Dutch Direct is supplying the custom-made movable cannabis grow benches/tables that help to speed and simplify the cultivation process for the growers and also improve the working conditions for our employees."
For more information:
American Green 
www.americangreen.com