Pot goes straight
Newsrooms always get a lot of material on financial services—public offerings, merger announcements, that kind of thing.
Those materials are getting more interesting these days. For instance, this came in on July 1, datelined from Mesquite in Clark County:
“Cannabis Sativa, Inc. (OTCQB:CBDS) announced today that on June 30, 2014, it consummated the acquisition of Kush, a Nevada corporation (‘Kush'), and its consolidated subsidiary, following which Kush became a wholly owned subsidiary of the Company (the ‘Merger'); … Kush is a development stage company engaged in the research, development and licensing of specialized natural cannabis products, including cannabis formulas, edibles, topicals, strains, recipes and delivery systems.”
The announcement also reported that former New Mexico governor and Libertarian presidential nominee Gary Johnson has accepted the position of chief executive officer. Steve Kubby, famed as a quarter-century cancer patient who used cannabis medication and author of Why Marijuana Should Be Legal, is the corporation's board chair.
Another announcement/sales pitch came in on June 26 from an outfit called BestOTC Network, LLC. It read:
“Everyone is jumping on shares of R:N:B:I at 15 cents right now. They have never been so cheap in the past. Imagine if you wanted to grab it two weeks ago it would've cost you 35 cents. Analysts are saying that the company is about to soar again and that they recommend buying as much as possible in the 15 to 20 cent range. R:N:B:I is one of the few companies on the market that is involved in the legal cannabis sector. Grab shares now!”