Yes, really.
General Cannabis Inc. has just announced that it’s acquired Marijuana.com. The company didn’t disclose the details of the deal, but we’ve confirmed that the acquisition price was $4.20 million. Naturally.
The executives involved obviously have a sense of humor, but General Cannabis is a serious business: it’s traded on the OTCQX market, and a year ago it acquired WeedMaps, a… → Read More
General Cannabis, whose admirable mission is to “improve your quality of life”, has acquired a dime bag of Weedmaps, as first pre-announced back in September. General Cannabis, formerly known as LC Luxuries Limited, is buying the “Yelp for pot” for a mix of cash and stock with additional earn-out potential for the company’s duo of founders, although the exact terms of the transaction were not… → Read More
Justin Hartfield of WeedMaps is about as ballsy as entrepreneurs get. I mean that as a compliment. Not only is he building an online business that facilitates and profits off of the recreational use of marijuana– which let’s remember is still illegal in the United States– but he’s essentially rushing his small company out into the public markets, via an acquisition by the mostly-unknown but… → Read More
Tim Draper of Draper Fisher Jurvetson fame may be too chicken to invest in WeedMaps (think Yelp for pot), but that isn’t stopping other companies from sniffing around the startup, looking to score.
In fact, a company called LC LUXURIES LIMITED, or rather its most recently established subsidiary, US Cannabis, is very close to buying WeedMaps. According to this press release, the Nevada corporation… → Read More
Just in from WeedMaps (think Yelp for Pot) CEO/owner Justin Hartfield: an email letting us know that Tim Draper at Draper Fisher Jurvetson isn’t going to invest in his startup. That’s ok, says Hartfield. He’ll just keep “growing organically” for now. Har!
Email is below. Just because it’s awesome. Also, we have no idea if Tim really sent this email or ever even met with WeedMaps. But we like to… → Read More
With the increasing number of states approving marijuana use for medical purposes (and the recent proposed legislation to legalize the drug entirely in California), it’s no surprise that startups are popping up looking to capitalize on the growing number of patients looking for legal marijuana dispensaries. One of these is WeedMaps, a site that aspires to be a Yelp for cannabis dispensaries in… → Read More
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