A cutting-edge digital asset designed and created for age-verified transactions
April 7, 2022 – – 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.
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There are also archives of hundreds of hours of footage from our Sweet Virginia Grow operation that can also be found on the American Green YouTube Channel
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Live Sweet Virginia Grow Footage https://americangreen.com/live/
Twitter: @American__Green (two underscores), or
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 77,000 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.