American Green, Inc.™ (OTC:ERBB)
to Issue Its Own Cryptocurrency
called American
GreenBack™
A cutting-edge
digital asset designed and created for age-verified
transactions
PHOENIX, AZ -- April 7, 2022 -- InvestorsHub NewsWire
-- American Green, Inc. (ERBB:OTC)
president, David G.
Gwyther announced today that The Company is developing its
cryptocurrency:
The American
GreenBack™
American
Green recently executed a binding letter
of intent to acquire VendWeb and has completed the second
cash payment as part of that binding (LOI). The Company plans to
launch its new crypto coin, designed specifically for use in
age-verified transactions for alcohol sales in venues such as
sporting events, concerts, nightclubs, or other age-restricted
settings such as cannabis dispensaries and smoke shops.
"American Green
intends to release a whitepaper this month defining
our purpose-designed cryptocurrency for transactions that require
age verification. The Company anticipates
utilizing an American Green application on the user's device, to
allow the purchase and use of American GreenBacks™ in our
proprietary vending solutions," said David G. Gwyther, president
of American Green.
As envisioned,
the American GreenBack™ would employ Know Your Customer (KYC) and
Anti-Money Laundering (AML) compliant verification software,
together with biometric data (ID, fingerprint, retinal scan, palm
print, etc.) - all maintained in a unique, unalterable blockchain.
American GreenBacks™ would only be tradeable with other
KYC/AML-verified counterparties.
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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Grow operation that can also be found on
the American Green YouTube Channel
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American Green's
Main Website at www.americangreen.com
American Green's
CBD store at www.americangreencbd.com
Live
Sweet Virginia Grow
Footage https://americangreen.com/live/
Twitter: @American__Green (two
underscores), or
Facebook:
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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
more than 75,000 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.