American Green Buys 40K Square Foot “Cypress Chill” Cannabis Building for $3.75 Million

The ERBB Board of Directors of American Green, Inc. has exercised and approved the rights it has under its current lease with its landlord to purchase the 40,000-square-foot building known as American Green’s “Cypress Chill” cannabis facility, located at 2325 W. Cypress St. Phoenix, AZ. 85009. The landlord has acknowledged American Green’s right to purchase the building and has waived the 90-day waiting period before closing the purchase.

“American Green is extremely excited to take advantage of this fantastic opportunity to own their own cannabis growing facility. Over the past 3 months, we’ve consulted a number of real estate professionals involved in the cannabis real estate market here in our home state of Arizona, and they have provided compelling studies and facts that show that now would be a good time to move into the building the company has already started building. construction under existing lease with the owner of the building,” said David G. Gwyther, president of American Green.

Photo: Courtesy of CRYSTALWEED cannabis on Unsplash

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