Cannabis Capital Corp. (OTCBB: CBCA) announce today it has signed a definitive agreement to acquire WebCongress, Inc..
The package deal is valued at over $25 Million, based on CBCA’s current share price, and consists of a combination of cash, shares, and management fees.
This is an actual operating business and not just a domain name.
Cannabis Capital Corp will retain the current WebCongress executive management team to continue driving the growth of WebCongress.
WebCongress produces global digital marketing and strategy events, attracting thousands of technology professionals across the world from such diverse companies as Nestle, Merck, NBC Universal, Pfizer, Starbucks, American Airlines, IKEA, and Redbull. WebCongress, Inc. also houses an international business mentoring and training academy and a digital solution agency.
“Since the launch of WebCongress in 2008, over 100,000 people have come together to be inspired and educated by, and network with, leading executives in the technology space from a variety of major industries.
“Having hosted more than 27 events in 9 different cities, such as Barcelona, Miami, Bogota and San Francisco, just to mention a few, while attracting powerful speakers from Google, Facebook, Twitter, YouTube, Spotify, Blackberry, Microsoft, Skype, Samsung, Intel and Ericsson, WebCongress Conferences are considered to be among the most important digital marketing events in the world.”
“Chad S. Johnson, Esq., Director, President & CEO of Cannabis Capital Corp. stated, “WebCongress possesses both a successful, high-growth business model and a strong executive management team that align well with our combined growth plans.
“We acquired WebCongress on mutually beneficial terms and at the right time, being in our early stage of growth and development. We believe this acquisition provides CBCA with a profitable business combination that will enhance and support each company’s core mission, expanding international operations and harmonizing the current services and offerings of WebCongress with CBCA’s development. WebCongress’s accelerated growth will generate ongoing novel opportunities and platforms for the legal cannabis industry on a global basis. This is a key step in the direction of increasing long-term CBCA shareholder value, and we are more than excited to make this announcement.”
The next WebCongress Conference, which is part of the 2014 Americas Tour, will be held on May 8th at the San Francisco Broadway Studios.
In 2015, WebCongress, Inc. plans to launch operations in Asia and return to Europe, expanding to more cities such as Paris,
“The combination of WebCongress and CBCA brings together two highly complementary industries and companies. WebCongress, recognized as a leader in its field, provides valuable resources as Cannabis Capital Corp. moves forward to establish itself as an industry leader in its burgeoning market environment.”
“WebCongress remains headquartered in Miami, operating as a wholly-owned subsidiary of CBCA. ”
“Expansion is currently underway with operations opening in Los Angeles, San Francisco and Bogota, Colombia. WebCongress will continue to operate under the leadership of its Founder, Mr. Benmeziane.
About WebCongress, Inc.
WebCongress Inc. was launched in 2008 by its Founder and CEO Ouali Benmeziane and has been growing rapidly ever since, hosting more than 27 events in 9 different cities and attracting powerful and fascinating speakers from such companies as Google, Facebook, Twitter, Youtube, Spotify, Blackberry, Microsoft, Skype, Samsung, Intel and Ericsson. WebCongress Conferences are considered to be among the most important digital marketing events in the world.
WebCongress Conferences are Digital Marketing Events covering Technical Innovations that bring together web professionals and media outlets from throughout North America, Europe, and Latin America; with one principal goal: teaching online marketing strategies by involving leading companies in technology, online and marketing industries. The WebCongress Conference experience delivers 1) inspirational and strategic conferences – 2) intensive training with workshops – 3) the legendary WebParty, the ideal place for networking with attendees, keynote speakers, mentors and the WebCongress community. WebCongress Conferences include agenda list topics, such as SEO, Online Advertising, Analytics, Email Marketing, Ecommerce, Mobile, Social Media Marketing, Apps, and more.
About Cannabis Capital Corp.
Cannabis Capital Corp. (OTCBB: CBCA) is a United States company actively pursuing investment opportunities in several traditional emerging markets while infusing them with the rapidly growing global medical cannabis industry. CBCA invests in companies positioned to make a significant impact within their respective industries. These early stage investments provide emerging companies with access to larger capital sums to help elevate their status from start-ups to mature and durable brand leaders. Recent legislative changes around the world are creating compelling investment opportunities that CBCA is positioned to identify at an early stage.
The legal cannabis economy is growing at an aggressive rate as more and more programs are running every day as this sector expands from state to state and country to country. Over 20 states and a dozen countries have medical cannabis programs; each creates a unique opportunity for Cannabis Capital Corp.