MESQUITE, Nev., Aug. 16, 2016 /Weed Wire/ — Cannabis Sativa (OTCQB: CBDS) announced today that, in accordance with a previously signed Memorandum of Understanding and definitive agreement, it has now acquired a majority ownership interest in iBudtender, Inc., a Colorado corporation. CBDS President David Tobias stated, “The acquisition targeted the online business and website iBudtender.com, giving Cannabis Sativa excellent positioning in the canna-tech sector with an ancillary company that has a huge upside – and importantly, a business with a great degree of insulation from the regulatory issues that have recently come to the forefront of the cannabis and hemp industries.” “We are confident that the iBudtender management, which remains intact, will continue to work hard to not only compete in its space, but flourish. iBudtender.com currently offers information and reviews of dispensaries, cannabis businesses, strains, edibles, concentrates and products – and is ready to enlarge on that platform with the resources of CBDS.”
iBudtender will be exhibiting this weekend August 19-21 at HempCon Medical Marijuana Show’s “SUMMER GAMES”, A PROP 215 FRIENDLY EVENT, at the Cow Palace Arena in San Francisco, 2600 Geneva Ave, Daly City, CA. This will be one of the premiere events of the year with live entertainment and exhibits including medical marijuana dispensaries, collectives, caregivers, evaluation services, legal services, educational institutions, equipment, accessories, seminars and presentations by industry leaders, advocates, and attorneys.
This press release contains “forward-looking statements.” Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Underlying assumptions include without limitation, the ongoing enactment of legislation favorable to the production of and the commercialization of cannabis products and the Company’s success in capitalizing on that legislation. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Mesquite, NV 89027