American Green, Inc. ™ (OTC:ERBB) Signs Binding Letter of Intent to Acquire VendWeb its AGX Smart Vending Machine Supplier
30 3월 2022 - 8:30PM
InvestorsHub Cannabis NewsWire
American Green Inc.™
(OTC:ERBB) Signs Binding Letter of Intent to Acquire VendWeb
its AGX Smart Vending Machine Supplier
Facial recognition and proprietary
software allow the AGX-verified customers to purchase Cannabis,
Alcohol, CBD, and More.
PHOENIX, AZ -- March 30, 2022 -- InvestorsHub NewsWire
-- Today American Green,
Inc. (OTC:ERBB) president
David Gwyther announced the signing of a binding letter
of intent to acquire Vendweb, the company that has been the
supplier of American Green Xpress (AGX)
vending machine with facial recognition and over age 21 ID
verification which allows the purchase of age-restricted products.
VendWeb has been in the vending business for over 10 years.
American Green has already secured the binding letter of intent
with a cash deposit and will announce the final agreement details
including Vendwebs financial information upon final board approval
in early April of this year.
American Green's president, David Gwyther adds, " VendWeb
has been a fantastic company to work with over the last 5 years.
American Green has been working directly with Lindel Creed, the
founder, and president, and is very excited about the acquisition
as it will bring another strategic asset to American Green. ERBB
has already identified a very promising business opportunity in the
21 and over age identification and verification vertical and will
be expanding its American Green Xpress AGX vending business after
the acquisition is complete. VendWeb gives American Green a
competitive advantage for expansion and also gives it control over
the manufacturing process which includes software development,
integration, and the design and build process of the American Green Xpress AGX machines."
The addition of Vendweb also produces a synergy that allows
American Green to increase revenue, productivity, and its customer
base through Vendwebs current clients all while reducing
manufacturing costs.
According to Lindel Creed, Vendweb's owner, " I am excited that
I will be a part of the team to ensure the smooth transition
of VendWeb into American Green. VendWeb has been instrumental
in the manufacturing of the AGX including the development and
integration of American Green's proprietary software with
the Jumio custom-engineered
facial recognition software. This process works in
conjunction with biometrics to verify and identify people over the
age of 21, allowing them to purchase age-restricted products
such as alcohol and cannabis from one of the most technologically
advanced vending machines available."
Read more about American Green's newest division
VendWeb here
Video Demonstration of the AGX Age
Identification and Age
Verification Vending Machine
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About American Green, Inc.
In 2009, American Green, Inc. became America's
second publicly traded company in the cannabis sector. American
Green now, with its more than 50,000 certified beneficial
shareholders, is one of the largest (in shareholder count) in
the cannabis sector. American Green's mission is to lead the
cannabis and premium CBD industry.
Leveraging our team of professionals in cultivation management,
manufacturing, extraction, wholesale, retail, and community
outreach, we strive to develop sustainably initiatives in the
cannabis-adjacent and CBD industries, laser-focused on adding
company and shareholder value.
For more information
-
Contact:
American Green,
Inc.
Investor
Relations
2902 W. Virginia
Ave
Phoenix,
AZ
85009
480-443-1600
X555
investor@americangreen.com
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the
matters discussed in this press release contain forward-looking
statements that involve risks and uncertainties, including those
described in the Company's Securities and Exchange Commission
reports and filings. Certain statements contained in this release
that are not historical facts constitute forward-looking
statements, within the meaning of the Private Securities Litigation
Reform Act of 1995, and are intended to be covered by the safe
harbors created by that Act. Reliance should not be placed on
forward-looking statements because they involve unknown risks,
uncertainties, and other factors, which may cause actual results,
performance or achievements to differ materially from those
expressed or implied. Forward-looking statements may be identified
by words such as estimates, anticipates, projects, plans, expects,
intends, believes, be should, and similar expressions and by the
context in which they are used. Such statements are based upon
current expectations of the Company and speak only as of the date
made. The Company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date on which they are made.
American Green (PK) (USOTC:ERBB)
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부터 8월(8) 2024 으로 9월(9) 2024
American Green (PK) (USOTC:ERBB)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024