Hardware

American Green to acquire Vendweb

Image courtesy of American Green.

March 30, 2022

American Green Inc., a provider of cannabis and CBD vending machines, has signed a letter of intent to acquire Vendweb, a vending equipment supplier, for an undisclosed sum, according to a press release.

Vendweb has been the supplier of American Green Xpress vending machine with facial recognition and over age 21 ID verification which allows the purchase of age-restricted products.

American Green has secured the letter of intent with a cash deposit and will announce the final agreement details including Vendweb's financial information upon final board approval in early April.

Vendweb will become a division of American Green, according to the press release.