4Cable TV
International, Inc. ANNOUNCES
ACQUISITION OF HEALTHCARE AND WELLNESS CLINICS OF AMERICA, LLC and
CORPORATION CLINIC, LLC AS THE RETAIL ARMS AND DISTRIBUTION OF CBD
BASED PRODUCTS.
PORT ST. LUCIE,
FL -- January 4, 2021 -- InvestorsHub NewsWire
-- 4Cable TV
International, Inc. (OTC:
CATV) (the "Company") announced today that it completed the
acquisition of several companies devoted to support a global CBD
services and products company. Effective December 31, 2020,
the Company acquired 100% of the equity interests of each of Health
Care and Wellness Clinics of America, LLC ("HCWCOA"), and
Corporation Clinic, LLC ("Corporation Clinic"). As a result
of the acquisitions, the Company will operate two franchise models
in the CBD retail arm, one marketing company creating leads to the
CBD industry, and the sales and distribution of all CBD-based
products manufactured by the Company and its subsidiaries.
These acquisitions, together with the Company's previously
announced pending acquisition of CIGN, LLC, further the Company's
new strategy of transforming the Company into a fully integrated
global CBD/hemp business.
The Company
acquired HCWCOA and Corporation Clinic for aggregate consideration
of approximately $900,000 and $350,000, respectively. In each
transaction, 70% of the consideration was paid in the form of newly
issued shares of the Company's Series B preferred stock and 30% was
paid through the issuance of a promissory note. The shares of
Series B preferred stock, which are convertible into shares of
Company common stock, were valued at $0.0017 per share, which
represents the highest quoted price of a share of the Company's
common stock during the last 30 days. Each promissory note
bears interest at an annual rate of 6% and matures on the earlier
of December 31, 2021 or the consummation of a qualified
financing.
Corporation
Clinic, was owned by non-affiliates of the Company. Michael
Feldenkrais, the Company's Chief Executive Officer and sole
director, indirectly owned 50% of the equity interests in HCWCOA
and, therefore, received 50% of the consideration payable in
connection with that acquisition. Mr. Feldenkrais also owns a
majority of the voting control of the Company through his ownership
of the Company's Series A preferred stock, which possess
super-voting rights. The Series B preferred stock issued in
connection with the acquisitions do not possess super-voting
rights.
About Health Care
and Wellness Clinics of
America
Health Care and
Wellness Clinics of America is a franchise holding company that,
together with its subsidiaries, operate three distinct business
models within the CBD business world. www.hcwcoa.com
The first model
involves medical clinics called Chai MD (pronounced “high”) which
provide a lifestyle medicine program that
incorporates Cannabis to promote a better, longer, and healthier
life. Lifestyle medicine involves the use of evidence-based
lifestyle therapeutic approaches, to prevent, treat, and,
oftentimes, reverse lifestyle-related, chronic diseases that are so
prevalent today. Rather than just treating symptoms with
ever-increasing quantities of medication and procedures, Chai MD
applies a lifestyle medicine-first approach that focuses on
identifying and eradicating the root causes of
disease. Chai
MD's unique methods combine lifestyle medicine,
lifestyle learning, aesthetic services, alternative medicine,
chiropractic care, medical marijuana patient services, and CBD
products that strategically position its clients to look and feel
their best. Chai MD is in a
unique position to provide innovative and customer-focused CBD
based products and related services in its application in human
wellness. www.chaimd.com
The second model
is a bistro called Hip n Chai which provides an ambience and diet
wherein the customers get a 90% plant-based whole food diet
combined with the benefits of CBD and other cannabinoids. The
goal is that the clients eat well, take 10,000 steps a day, or get
30 minutes of moderate exercise a day, and practice stress
management techniques daily. www.hipnchai.com
HCWCOA owns a
third business model called Get Medicated which is a lead generator
in the Cannabis industry. This company by way of marketing,
generates clients to both the clinics and the bistros at a cost per
call scenario and acts as the mobile clinic division with
ambulances that provide services relating to medical marijuana
cards and product sales. www.getmedicated.com
Health Care and
Wellness Clinics of America is a limited liability Delaware
corporation, now in its 2nd year of business. The company
began by opening locations, preparing them, and then selling the
operating venue location while continuing to explore franchising
avenues. The products produced by HCWCOA are currently
available for sale, both in the wholesale market as well as
online. Additional information on Health Care and Wellness
Clinics of America is available at www.hcwcoa.com
About Corporation
Clinic, Inc.
Corporation Clinic was established in
December 2014. The company operated one of the clinics and
bistros prepared by Healthcare and Wellness Clinics of America in
the Lauderhill Mall. It then became the wholesale and online
distribution arm of the products under the brands Chai and Hip
available at www.hip4all.com. Corporation Clinic and HCWCOA
have worked closely together since the inception of
HCWCOA.
About 4Cable TV
International,
Inc.
4Cable TV
International, Inc. (OTC:
CATV) is seeking to create and operate a fully integrated
global CBD/hemp business, ranging from growing to retailing.
To accomplish this strategy, the Company has begun to actively seek
acquisition targets in the CBD/hemp industry, which may include
companies in which the CEO or other related parties have interests.
The companies will be consolidating all their operations into
new offices shortly.
Cautionary Note Regarding Forward-Looking
Statements
Statements in
this press release regarding 4Cable TV International's business
that are not historical facts are "forward-looking statements."
Examples of forward-looking statements include, among others,
statements regarding the Company's future business and prospects,
strategic plans and strategic transactions. Forward-looking
statements are neither historical facts nor assurances of future
performance. Instead, they are based only on the Company's current
beliefs, expectations and assumptions regarding the future of its
business, future plans and strategies, projections, anticipated
events and trends, the economy and other future conditions. Because
forward-looking statements relate to the future, they are subject
to inherent uncertainties, risks and changes in circumstances that
are difficult to predict and many of which are outside of the
Company's control. The Company's actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Important factors that could
cause the Company's actual results and financial condition to
differ materially from those indicated in the forward-looking
statements include, among others: general economic and financial
conditions; consumer demand for CBD/hemp products and services;
volatility in the trading markets and the lack of liquidity in the
Company's common stock; the Company's ability to successfully
execute on its new CBD/hemp strategy; the Company's limited
operating history in the CBD/hemp business; the legal status of the
Company's CBD/hemp business; risks inherent in the CBD/hemp
business; existing and new government regulations and changes in
regulatory requirements; risks related to rules and regulations at
the U.S. federal, state and municipal levels with respect to
CBD/hemp; the Company's ability to obtain financing or raise
capital on favorable terms or at all in order to execute its
business strategy; the Company's ability to successfully identify
and integrate acquired businesses; and risks associated with
engaging in transactions with third parties, including related
parties. For a discussion of additional general risks and
uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see CATV's OTC
Market filings. Any forward-looking statement made by in this
press release is based only on information currently available to
the Company and speaks only as of the date on which it is made. The
Company undertakes no obligation to publicly update any
forward-looking statement, whether written or oral, that may be
made from time to time, whether as a result of new information,
future developments or otherwise, except as required by
law.
Media contact:
Tel: +1 833-211-3200
info@4cabletvint.com
SOURCE 4Cable TV
International, Inc. (OTC:
CATV)
4Cable TV (PK) (USOTC:CATV)
Historical Stock Chart
From Mar 2024 to Apr 2024
4Cable TV (PK) (USOTC:CATV)
Historical Stock Chart
From Apr 2023 to Apr 2024
