Marijuana Stocks M&A » By The Online Investor Staff, updated Thu., Mar. 28, 2:15 PM
Recent mergers and acquisitions in the Marijuana Stocks M&A category.
Slide #54. Rostock Ventures Corp. — iWeeds.com
Acquirer: |
Rostock Ventures Corp. (ROSV) |
Acquiree: |
iWeeds.com |
Details: |
"In researching the opportunities for iWeedz, we found we would lose 35% of the search traffic due to people spelling iWeedz with an 'S'. To build our brand and to capture our market share of this emerging market we acquired the domain name iWeeds.com, with an 'S'. This will help us maintain a strong foothold, not only on the market itself but in our brand as well. Prior to launching iWeedz, we are doing extensive market research by talking to vendors, doctors, patients and internet marketing experts to ensure that not only the platform will be robust, but is a resource all in the industry will need and desire. In doing our due diligence we are amazed at the opportunity for Rostock in the marijuana sector. This is largely due to the infancy of this sector and the changing attitude by mainstream society. For example, it is difficult for dispensaries vendors and doctors to advertise anything with marijuana on Google, Facebook or any other advertising means. This is where there is significant opportunity for iWeedz. This sector has garnered significant market attention and when you realize that ROSV has one of the smallest market caps of just over $2.5 million compared to other sector participants such as HEMP (approx $300 million market cap) and MJNA (approx $350 million market cap), it is clear that ROSV offers tremendous leverage to this hyper growth sector," stated Gregory Rotelli, President Rostock Ventures. |
Rostock Ventures Corp.: ROSV iWeeds.com: PRIVATE
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March 28, 2024 2:15 PM Eastern
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