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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