American Rebel Holdings Inc. (OTCQB:AREB) has revealed its first vault door installation at the soon to be opened Leaf and Bud Provisioning Center in Detroit.
The company said it not only installed it’s made in America Vault Door, but also installed three of its Inventory Control Safes. American Rebel has created the safe industry's first inventory control safe for the cannabis industry.
READ: American Rebel issues 4Q 2019 and 1Q 2020 revenue guidance while noting strong demand for its safes
In a statement, Mark Savaya, CEO of Leaf and Bud Provisioning Center commented: "The American Rebel Vault Door and Inventory Control Safes are a big part of our operational layout.
"We're planning to duplicate the retail store set up on our grow side of the building as well. We're thrilled with the innovative products and support from American Rebel."
Leaf and Bud Provisioning Centers will soon have additional Michigan locations in Pontiac, Battle Creek, Center Line, Bay City and Vassar.
"American Rebel is the only safe company that can provide turn-key solutions for this industry," said American Rebel National Sales Director Brett Lafferty. "We're excited for Mark to open his Detroit location in June and we're eager to help him launch his other five locations."
Leaf and Bud Provisioning Centers have a retail store side of the building and a grow side of the building. They utilize the Hyperponic CropTower System exclusively distributed by Future Grow Solutions.
Solid guidance issued last week
American Rebel is a wholesale and retail sales company of safes and concealed carry apparel and backpacks based in Lenexa, Kansas, and Nashville, Tennessee.
Last week, the company issued revenue guidance for the fourth quarter of 2019 and first quarter of 2020, noting strong demand for its safes.
American Rebel gave revenue guidance of $200,000-$225,000 for the fourth quarter of 2019, an increase of 21% from the third quarter at the low end of the range and an increase of 36% from the same quarter at the high end of the range.
The company also issued revenue guidance of $340,000-$365,000 for first-quarter 2020, an increase of 106% from the third quarter of 2019 at the low end of the range and an increase of 121% from the same quarter at the high end of the range.
"Customers have an emotional connection to our brand and we're selling more safes than we can produce," American Rebel CEO Andy Ross said in Friday's statement.