American Green, Inc. Signs LOI to Acquire VendWeb
March 30, 2022
American Green, Inc. (OTC:ERBB) signed a binding letter of intent to acquire VendWeb, the supplier of its American GreenX smart vending machines that include facial-recognition and over-21 ID verification. The acquisition will give American Green control over manufacturing, software development and integration for its vending platform and is intended to accelerate expansion of its age-restricted product vending business; final agreement details were to be announced following board approval.
- Buyers
- American Green, Inc.
- Targets
- VendWeb
- Industry
- Manufacturing
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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