Business
American Green Set to Acquire Rights to Important Intellectual Property for Its Marijuana Vending System
American Green Set to Acquire Rights to Important Intellectual Property for Its Marijuana Vending System.
About this update from American Green, Inc.
[{"type":"text","content":"\n \n \n American Green Set to Acquire Rights to Important Intellectual Property for Its Marijuana Vending System\n \n \nAmerican Green Set to Acquire Rights to Important Intellectual Property for Its Marijuana Vending System\n \n TEMPE, AZ--(Marketwired - Aug 7, 2014) - American Green (OTC Pink: ERBB) (PINKSHEETS: ERBB) has made a move toward securing and expanding its business model regarding age-related purchases via any automated device. The company has entered into an agreement with Robert Tomassi, owner of intellectual property (IP) that pre-dates, and may supersede patents owned by competing companies operating in a similar market space. Mr. Tomassi's patents, numbered 6,711,465 and 7,493,190 were produced for the purpose of safely vending age-controlled, identity-specific items, all of which fits directly into American Green's business plan. \n While working in a family-related deli 14 years ago, Mr. Tomassi noted the easy access by minors of some controlled substances and was motivated to work on what became his accepted patent in this space. \"It seemed like a good idea at the time, though most people thought I was a little crazy. As the market for safe access to controlled substances has increased, perhaps it was just an idea ahead of its time,\" says Tomassi of Levittown, PA.\n \"We are very excited about the opportunities that have been created with our expanding library of intellectual property. This new IP helps us to create a clear path to development upgrades and will ensure the safest, most protected methods are employed. This intellectual property acquisition will also open new, potentially larger opportunities ranging from segment expansion to licensing agreements with collaborators and competitors alike,\" added Stephen Shearin, American Green president.\n Keep in touch with American Green news updates.\n Sign up for Email Alerts at http://www.AmericanGreen.com\n Follow us on Twitter: @American__Green (two underscores).\n Follow us on Facebook: https://www.facebook.com/americangreenusa\n ABOUT AMERICAN GREEN, INC.\n American Green, formally Altitude Organix, became the first publicly-traded medical marijuana dispensary brand in the world. Beginning in 2009, the company has developed retailing, branding, and commercial cultivating strategies in conjunction with its licensed medical marijuana retail ...