World News: 13:21 GMT Thursday 6th December 2018. [Canna Broadcast Media via Globe Newswire via SPi World News]
PALM BEACH, Fla., Dec. 06, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE --Canna Broadcast Media/LoudMouth News (OTCPK:) a premier cannabis broadcasting company has acquired the assets, of the Canna Broadcasting Network including its Television Properties, Canna News Group, Digital delivery platform, agreements with Network partners, web based properties, sales channel, cash, pre-paid TV media, radio media, and projects in development.
Canna Broadcast Media "CBMJ" continues to build the first multi-faceted media company devoted to the cannabis industry. In order to further monetize the assets and content distribution of both companies, sales efforts are being expanded to service the growing need for companies in the cannabis sector to advertise and build their brands. This focus has already had an impact on revenue generation in Q4 2018 and is expected to increase into Q1 2019.
Covered in this week's issue of Cannabis Stocks News quoted as being "the premiere cannabis media company" and focusing on the fact that the company continues to expand their content distribution outlets and has sales agreements in place to monetize those airings by presenting some of the big retail players in mainstream media that have had difficulty advertising on their own. Canna Broadcast Media helps solve this problem for cannabis companies needing to advertise in certain mainstream media, while allowing its investors to take advantage of the emerging marijuana market without any of the risks that plague companies involved in federally illegal activities. CBMJ has proven an ability to get advertisements for cannabis products and businesses on mainstream media. CBMJ has established relationships in Radio, Print, TV, and online on a National and Canadian basis that allow it to get Marijuana products and companies access to mainstream media in ways that without CBMJ, are currently just not possible.
Mark Schaftlein CBMJ CEO stated: "The acquisition of the Canna Broadcast Network will accelerate CBMJs' ability to service the rapidly expanding need for Companies engaged in the Cannabis marketplace to obtain mainstream exposure and awareness for their products and companies. We are gearing up to be able to handle this influx."
CBMJ also owns the popular cannabis news radio program "Loudmouth News". Originating in Seattle, aired nationally over the air "LoudMouth News" became the first, and is the longest running syndicated terrestrial radio news program that focuses on the news relating to the marijuana industry in the USA and can be heard via syndicated networks across Canada. LoudMouth News presents the news and commentary in an entertaining neutral manner, highlighting the most impactful current news in politics, products, sociological issues, businesses, and the ever-changing perceptions of marijuana usage. LoudMouth News is currently cleared to air on over 700 radio stations in the USA, 128 in Canada, is broadcast by YouTube and is available as a podcast on all android and apple devices.
As the market coverage of the flagship LoudMouth News program continues to grow, the content development side of the company continues to develop Dedicated News Coverage, and Entertainment Programming within the Cannabis Sector.
In consideration for the assets Canna Broadcast Media agreed to issue approximately 16,000,000 shares of its restricted common stock (OTCPK:)
Globe Newswire: 13:21 GMT Thursday 6th December 2018
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