M&A: App maker acquires Buzzlink.com as marijuana mergers lights up (so to speak)
The marijuana market is either going to continue to grow as more states legalize either medical marijuana or consumer smoking, or it will be killed off by a Justice Department led by Jeff Sessions, no fan of weed.
Today, though, at least three companies bet on cannabis, and though this wouldn’t normally be of much interest to TNM readers (as it is not directly tied to digital publishing), I can’t help but think back to some of the B2B stories regarding cannabis and how there are publishers and app makers looking closely at the market. In fact, one of today’s M&A announcements involves the app makers, Metatron, buying a digital media property.
Here are the three announcements:
South American Gold Receives Countersigned LOI to Acquire Oregon Marijuana Grower
LAS VEGAS, Nevada- April 3, 2017 – South American Gold Corp. is proud to announce today that it is in receipt of a countersigned Letter of Intent to acquire Arkham Greenway, LLC, a company designated for recreational marijuana production in the State of Oregon.
Arkham Greenway is the growth venture of Jason Osborne, an OMMP (Oregon Medical Marijuana Program) licensed grower in the State of Oregon; and David Stone. Mr. Osborne has been operating under an OMMP grower’s license in Oregon for the past 4 years. The creation of Arkham Greenway was the result of his desires to transition from an OMMP license to a Recreational OLCC (Oregon Liquor Control Commission) Producers license. With approval of the change of license statutes, Arkham Greenway shall move into the recreational cultivation on its current OMMP site. According to Arkham Greenway, the next phase is to begin construction of the proposed larger scale commercial facility with 5 OLCC licenses. Mr. Jason Osborne has been actively involved in the legalization movement and has served as the host of Rogue Cannabis Radio.
According to a report by Arcview Market Research, and reported on by Forbes, legal North American marijuana sales grew 30% to $6.7 Billion in 2016 and is projected to hit $20.2 Billion by the close of 2021, with a compounding annual growth rate of 25%.
SAGD President, David Reeves, stated, “This LOI is a formal statement between both sides for the structure of the Equity Purchase Agreement. With the outdoor marijuana growing season quickly approaching we will be working together to swiftly expedite closing of the Equity Purchase Agreement.”
According to New Frontier, a big data provider for the cannabis industry, as reported by Inc, the Oregon market is expected to produce $464 Million in sales by the close of 2020.
SAGD President, David Reeves, added, “With the closing of our agreements Mr. Osborne and Arkham Greenway will continue to provide a high quality outdoor grown flower and may look into the option of adding a greenhouse process to the operation, for year-round growth.”
SAGD recently announced the formation of Arkansas Medical Cannabis, Inc., an entity formed in the State of Arkansas for the purpose of applying for a Medical Cultivation License when the State of Arkansas releases its applications for cultivation, as presently proposed under the rules, on June 2, 2017.
SAGD is also developing a cannabis dedicated social network application, PotCircles, for users to express their lifestyles with other cannabis users, with the initial launch market being the United States.
$MRNJ to Acquire Stake in Buzzlink & Starts $1,000,000 Capital Raise
DOVER, Delaware – April 3, 2017 – Metatron, a pioneer of releasing Marijuana & CBD related apps on iTunes and Google Play, is thrilled to announce the process of acquiring a new electrifying cannabis and e-commerce portal, Buzzlink.com, has begun. Metatron will provide app and mobile development to connect the cannabis community to Buzzlink as well as provide e-commerce and business management solutions to dispensaries. Buzzlink is expected to launch this spring, just in time for 4/20 (April 20th, 2017) and will be an exciting place for people to find products, hangout, and share experiences. “As the legal cannabis industry grows in the U.S., competition for customers is heating up. Now, a startup called Baker Technologies has raised $3.5 million to become a “Salesforce for pot.” The company’s software helps marijuana dispensaries bring in new customers and inspire customer loyalty, without running afoul of ever-shifting regulations that govern precisely how these shops can market and sell their goods.” techcrunch.com
As of today, Metatron’s $1,000,000 capital Raise has started and will be using its Series B preferred shares, converting at a ratio of 1 preferred share to 50,000 common shares, and will not be affected by a reserve split. The minimum investment amount will be $1,000, while the maximum amount shall be $25,000. As an incentive, current qualified shareholders and investors will receive a significant discount on the purchase price, as defined in the investor packet, when purchasing their Series B shares. The fund will provide non-toxic funding to assist in the development and maintenance of Cannaboids and Buzzlink as well as assist in the consolidation of past legacy debt to provide for a more stable market. For an investor packet and more details, please email: email@example.com.
Joe Riehl, CEO of Metatron, says, “The cannabis industry is one of the fastest growing industries in the U.S., but is very competitive, legally complicated, and currently underserved by smart mobile and web technologies. It is our goal to address these issues with proprietary software by showcasing the Buzzlink brand, that is being developed by Metatron.”
As of Mar 21, 2017, the company had 75,371,558 issued and 8,846,557 restricted shares.
The Company has experience in developing over 2000+ mobile applications for top tier clients in the past years, with over $3.6 million in sales and millions in downloads.
People interested can view and download our current live apps focused on mental health and wellness, cannabis, and message encryption, by visiting the app stores below. We plan to update these apps in our upcoming relaunch, and will be adding more to our list.
Google Play: https://play.google.com/store/apps/developer?id=Metatron+Inc
CannaVision Clinics Sign with America’s Number One Medical Marijuana Patient Referral Service and World’s Largest Medical Marijuana Doctors’ Directory, MarijuanaDoctors.com
LAS VEGAS, Nevada – April 3, 2017 – StereoVision Entertainment, Inc, a publicly traded Nevada company announced today that their majority owned medical cannabis company, CannaVision, has signed with America’s number one medical marijuana patient referral service and world’s largest medical marijuana doctors’ directory, MarijuanaDoctors.com, wherein patients can find doctors compassionate and willing to recommend cannabis as a medicine.
“As soon as I learned about MarijuanaDoctors.com business model, I knew they would be a good fit for our planned national rollout of CannaVision Clinics,” said CannaVision Chairman Dr. Jay Ellenby, M.D., a Florida certified medical cannabis doctor. “As we wait for the legislature in Tallahassee to establish the final architecture in Florida’s medical marijuana law expected by April 30th and Miami-Dade County’s final rules expected by May 9th, securing these strategic relationships from the beginning should make for a smoother launch and steadier growth. I am very much looking forward to working with MarijuanaDoctors.com Founder & CEO Jason Draizin and his team as we explore innovative ways to roll out our clinics nationally while providing state of the art medical cannabis treatments for our patients. MarijunanaDoctors.com is the original medical marijuana patient’s referral service and has been in business for over seven years.”