NORTHBUD (NBUD:CSE) is already a late stage applicant at the “Confirmation of Readiness” stage for 25,000 square feet of indoor and 500,000 square feet of outdoor growing space, for the sole purpose of growing GMP pharma-grade cultivation and food-grade extracted inputs.
But Ryan Brown didn’t get this far in the cannabis space by sitting still … and he has made one hell of a great deal with the $20 MILLION acquisition of Eureka Vapor, a multi-state licensed operator in the USA. The acquisition is subject to typical closing and due diligence but Ryan has a close relationship with the CEO and is confident it will close.
If and when it does close, Eureka will bring about $11.5 million in revenue at a 16% profit margin, which will be immediately accretive to the bottom line of NORTHBUD. Accretive is actually an understatement.
I also love this acquisition because of its’ terms, which shows the confidence that both sides have in each other. For example, the Eureka team can earn an extra $25 million if they hit certain milestones. That says a lot about how Eureka may grown once it is a part of NORTHBUD.
On the flipside, the Eureka group only gets 10% of their shares on closing, with the rest dripped out over the next 24 months. That says a lot about the confidence Eureka has in NORTHBUD.
Find out more about NORTHBUD and this great deal in this interview with Ryan, who has already made a name for himself and is now on his way to growing that success, pun intended.
CardioComm is a leading global provider of consumer heart monitoring and ane electrocardiogram (aka “EKG”) solutions. Their products are sold in over 20 countries and they’ve received numerous awards over the years.
So what does that mean?
If you’ve ever had to have your heart checked out, you know the experience involves going to a hospital / clinic and being hooked up to machines that make you look like you’re plugged into the matrix. A technician takes a bunch of readings and a doctor tries to come up with a status of your heart’s condition.
PROBLEM 1: It is a terribly outdated system. You have to leave work. The hospital / clinic has to buy & maintain a bunch of machines. The process is very time consuming. The entire problem also gets a lot worse if you don’t live near a major city with great hospitals, doctors and equipment.
PROBLEM 2: WORSE of all, if your heart is playing nice that day and isn’t showing signs of problems that have got your worried, you don’t get a proper diagnosis and / or you may have to come back again.
SOLUTION? You guessed it >> CardioComm. Thanks to the combination of your smartphone + an app and some tiny nodes to place on your chest, your heart can be monitored at length during normal activity to get you the best diagnosis possible. The results are shot up to the cloud, where they are remotely analyzed by doctors / technicians that can then speak to you directly, or get you into a hospital ASAP.
This is the simplified version. Now watch CEO Etienne Grima give you the deep dive in a way that will actually have you on the edge of your seat yearning for more.
If you love the transition of big existing things to digital, then you are going to love what CardioComm does. Grab a cup of coffee and watch this.
It is undeniable. It is here and we haven’t seen anything yet.
The world of online gaming and esports is no longer the domain of basement dwellers – and it hasn’t been in years – but mainstream finance people are only now coming to that realization.
Nowhere is that more evident than in the Enthusiast Gaming acquisition of The Sims Resource, the world’s largest female video gaming website. How big?
Now, it is owned by Enthusiast Gaming, which is no slouch either:
We sat down with CEO Menashe Kestenbaum to discuss the acquisition and the future of Enthusiast in much further detail.
Grab a coffee or your favourite beverage and start taking notes.