Greenwood Village, CO, February 26, 2015 -- Greenhouse Solutions Inc. (OTC PINK: GRSU) and American Green Inc. (OTC PINK: ERBB) today announced a joint venture to formulate, market and distribute two proprietary topical CBD (cannabidiol) products. Utilizing Greenhouse Solutions'highly-regarded science team, the Company will provide American Green with two base proprietary, proven topical pain formulations, one for humans and one for the equine market. American Green will provide their 99.5% pure CBD derived from hemp farmed in the EU to be incorporated at a select dosage into each product. The human topical formulation will be scent-free and will not have the hot or cold sensation found in many pain-relieving topical products currently available. The Equine product is a proven DMSO-based CBD infused topical, thus believed to amplify the product's pain relieving qualities and allow for maximum absorption. The topical products are non-toxic, non-narcotic, non-addictive, non-steroidal and will not contain aspirin or acetaminophen.
"Partnering with Greenhouse Solutions for these products is only the beginning," says Stephen Shearin, President of American Green. "They have the science team that can take our unique CBD isolate and create items capable of having a real, safe impact on human and equine well-being while simultaneously making a positive impact on company revenues,"he continued. "In addition, the products can be produced and sold in our ZaZZZ vending machines nationwide. This is potentially huge, because normally we can only charge for the use of our machines. This joint venture will allow American Green to also participate in retail sales wherever our machines are placed,"Shearin concluded.
According to the American Pain Society, the prevalence of chronic pain in the United States is estimated to be 35.5% or 105 million people. This costs more than $100 billion per year in direct health-care expenditure and lost work time. As published in Nature Reviews - Drug Discovery, "although current analgesic drugs help many, only an estimated one in four of those with pain achieves adequate relief. Currently approved drugs are also often associated with poor tolerability, unfavorable side effects, concerns over long-term safety and abuse potential, as well as inconvenience of use. Clearly, new efficacious and safe analgesic agents are needed."
According to The America Horse Council Foundation, there are over 9.2 million horses in the United States with more than 2 million people that own horses. The horse industry has a direct economic effect on the U.S. of $39 billion annually. Additionally, there are horses in every state and Forty-five states have at least 20,000 horses each. Joint problems represent the greatest horse health issue, with over 65% of horse owners reporting that this is their major concern.
"As a biochemist and product formulator, it's very exciting for me to work in this burgeoning field,"commented Rik J Deitsch, CEO of Greenhouse Solutions. "CBDs have been studied as potent analgesics in over 100 published studies involving many types of pain," he continued. "With the source material that we can utilize from American Green, I believe that we can provide some exciting new products that will challenge the paradigm and bring CBDs into general use. With these CBD products and our use of probiotics under our licensed patent, we expect to bring out a line of dynamic new products over the coming months," Deitsch concluded.
MORE ABOUT AMERICAN GREEN, INC.:
Founded back in 2009 as one of the first publicly-traded medical marijuana-related companies in the world, American Green is proud to have the largest certified shareholder base which now numbers well over 50,000. The Company is keenly focused on developing, retailing, branding, and establishing commercial cultivation solutions under its proprietary American Green name along with our partners who are licensed retail medical marijuana dispensaries. American Green believes that the renewal of the legalized cannabis industry in the United States will aid in getting our economy back on its feet through increased employment in all related sectors -- retail, real estate, contracting, farming and more. Additional revenues, fueled by taxing cannabis sales, and the decreased cost of housing prisoners who are no longer in prison for possession of cannabis should contribute to the renewal. Hard work and a clear vision propel American Green into the future. The centerpiece of our company is ZaZZZ, our unique automated vending solution designed specifically around American Green's licensed proprietary patent technology.
For a complete summary of all American Green products and initiatives, please visit the company's web presence at www.americangreen.com.
About Greenhouse Solutions:
Greenhouse Solutions' design & consulting service offers an all-inclusive solution to the expansion and efficiency of hydroponic and agricultural businesses nationwide. The Company is able to supply a comprehensive solution to the design, build, implementation, production, and expansion of all variations of indoor, outdoor and greenhouse agricultural business. The Company utilizes its in-house design, consultation, construction and online hydroponic store in conjunction with the Company's industry-leading and grow experts to cover all bases in this bourgeoning industry. The Company believes the experience of its design and consulting team far exceeds that of any current competitor's nationwide.
Greenhouse Solutions' Product Development is expanding its business model with efforts in the development, marketing, production, and sales of cannabidiol ("CBD") products for both the personal health and companion pet markets utilizing a licensed probiotic delivery system (US Patent #6,080,401) and other licensed formulas. Cannabidiol (CBD) is a naturally-occurring substance found in both the cannabis and hemp species of the Cannabis Sativa plant. The extracted oil is non-psychoactive and is actively being researched and implemented in a number of conditions. As research continues into the broad spectrum of uses for CBD, Greenhouse Solutions will seek to develop and produce various products for the wellness marketplace that utilize the ingredient.
Greenhouse Solutions, Inc. encourages all current and prospected shareholders to visit the company's website at www.greenhousesolutionsinc.com.
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in American Green's and/or Greenhouse Solutions' ("the Company" or "the Companies") business plan(s). The joint venture for the use of CBDs should not be construed as an indication in any way whatsoever of the future value of the Company's common stock or its present or future financial condition. The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
American Green, Inc.
Greenwood Village, CO