MESQUITE, NV / ACCESSWIRE / July 26, 2016 / Cannabis Sativa. Inc. (OTCQB: CBDS) announced today the signing of a Memorandum of Understanding to acquire Ibudtender, the first truly smart cannabis web app tailored as a virtual budtender for patients, as well as a B2B & B2 app for dispensaries and
cannabis businesses. Ibudtender's preferential user and medical data makes it simple for patients, dispensaries, and consumers to locate cannabis, hemp and ancillary products while mitigating concerns regarding safety and effectiveness.
Cannabis Sativa President, David Tobias stated, "There is simply no other app or website that provides the level of integration that Ibudtender does. Ibudtender's premium profiles create consumer confidence, trust and product awareness by providing a portal for consumers to easily locate products and order them for pickup, delivery or shipping. Customers include services, collective growers, distributors, dispensaries, retail and ecommerce stores."
Chris Cope, CEO of Ibudtender stated, "With the help and support from the great team at Cannabis Sativa, I am confident that IBudtender will become the premier cannabis app."
Ibudtender provides their clients with the software and analytical data to help promote and grow their brands and sales by providing a tailored experience for each user that makes them the forefront of the software. Every aspect is complimented with inline user data, likes and recommendations. By creating a personalized patient/recreational user experience, Ibudtender provides a one-of- a-kind engagement level including news, events, strain and product recommendations, all based on a social media platform.
Management of Cannabis Sativa will present the acquisition to its board of directors for approval and thereafter expects to enter into a definitive acquisition agreement within a week's time, or as soon thereafter as is practicable.
This press release contains "forward-looking statements." Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Underlying assumptions include without limitation, the ongoing enactment of legislation favorable to the production of and the commercialization of cannabis products and the Company's success in capitalizing on that legislation. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Mesquite, NV 89027
SOURCE: Cannabis Sativa Inc.