Clearly this is a late 1945 reprint of several stories and features from MLJ's Top-Notch Laugh Comics #40, issued in early Autumn of 1943. The three characters portrayed on its front cover were obviously originally drawn as MLJ's Archie, Veronica and Jughead, especially given the letter "S" on the Jughead figure's sweater. Green Publishing reprinted comic book material from unrelated publishers, MLJ, Fawcett, Farrell, Charlton, Fox Features, National Allied, etc, some of them as recently as only 2 years after their original publication. I cannot believe that MLJ would sell the original artwork or printing plates to their Top-Notch Laugh and other comics material to Green for reprinting a mere 2 years after they first hit the newstands, especially when their own company was going strong with Archie's skyrocketing success. I believe that Green must have bought the printing plates to this book and its unrelated front cover from the liquidation of warehouse stock from one of MLJ's early printer's going out of business (similar to Israel Waldman's methods of acquiring printing material for his IW and Super Comics reprint series). The front cover doesn't remind me of any published MLJ cover on "Archie", "Pep" or other series. But, if it wasn't ever published on an MLJ comic book, it must have been a cover that was planned for one of them, drawn up, and then cancelled. Veronica looks like the early Veronica from 1945. It seems clear to me that Archie's and Jughead's faces were redrawn by an Artist hired by Green.
I am curious to know what other posters here think about this, and if they know whether or not this cover layout was published by MLJ on an Archie-related comic book.