CBMJ Reveals DeDonato Acquisition Terms

Broadcasting company Canna Consumer Goods Inc. (OTCPK: CBMJdisclosed Thursday the terms of its previously announced acquisition of DeDonato Enterprises LLC, a digital marketing agency based in Metro-Atlanta.

The price tag is $2 million, including $200,000 in cash and a $1,800,000 note, as well as potential restricted stock with a two-year holding period.

The Palm Beach, Florida-based company, anticipates the inking of a definitive agreement and closing in September.

In addition, the financial impact of the acquisition would appear in CBMJ’s third-quarter posted …

Full story available on Benzinga.com

More CBMJ Reveals DeDonato Acquisition Terms