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CBMJ Completes Acquisition of DeDonato Enterprises, LLC -- Name Intended to Change to Conservative Broadcast Media & Journalism
BY GlobeNewswire
— 6:30 AM ET 10/07/2020
PALM BEACH, FL, Oct. 07, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Canna Consumer Goods, Inc. ( CBMJ ), a premier broadcasting company, is pleased to announce the closing of its previously announced acquisition of DeDonato Enterprises, LLC. The transaction is immediately accretive on revenue per share, EBITDA per share, and earnings per share basis. As previously announced, DeDonato is generating roughly $2 million ($2,000,000) per year in revenue and is currently profitable.
The company will soon file an application with FINRA to change the name of the business to “Conservative Broadcast Media & Journalism”. The new name accurately reflects the new nature and future growth plans of the business. It is anticipated that the ticker symbol of CBMJ will not change as a result of the submission.
“We are exceptionally pleased to complete this acquisition,” said Mark Schaftlein, CEO of CBMJ. “DeDonato immediately increases our revenue and earning power, with the potential for significant growth over the coming years.”
“I am thrilled to be joining forces with CBMJ in order to build a pre-eminent platform for conservative broadcast, media, and journalism and related products,” said Brandon Vallorani, CEO of DeDonato. “We will be looking to do other accretive acquisitions over the next two years as we build out the company. With Mark and the CBMJ team’s financial and public market expertise, we believe that we have a winning combination.”
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Definitely WILL Add if 3's show up.. LOL Some folks are acting crazy on here. Not bothered by the noise.. $RXMD LONG & STRONG
Progressive Care Reports August 2020 Performance Data
October 02 2020 - 07:28AM
InvestorsHub NewsWire
MIAMI, FL -- October 2, 2020 -- InvestorsHub NewsWire -- Progressive Care Inc. (OTCQB: RXMD) (“Progressive Care” or the “Company”), a personalized healthcare services and technology company, today announced operational performance data for August 2020, which was flat to down on a year-over-year basis due to a resurgence of Covid-19 factors driving providers to reduce patient visits. However, the Company is pleased to have made important advances toward future growth and continued to build strong positive cash flows.
• Consolidated monthly gross sales across all locations during the month of August totaled $3.56 million, representing a 6% drop in total revenues compared to August 2019.
• Prescriptions filled during the month of August totaled 45,452, representing a 4% drop in total prescriptions filled compared to August 2019.
• ClearMetrX Third-Party Administration fees grew 2% on a sequential monthly basis to $149,226 in August.
• 340B claim submissions totaled $2.77 million, up 444% compared to August 2019, generating roughly $458K in revenues in August 2020.
Management notes that a resurgence in Covid-19 cases and related measures caused reduced patient visits and more restricted physician office protocols in August, particularly in the Orlando region, driving a drop in new prescription orders, which are often dependent upon recent doctor visits. Refill prescription orders performed well during the month. The Company anticipates a seasonal boost through year-end driven by increased provider relationships related to PharmCoRX physician/patient management systems and resources, which have gained a well-earned reputation among providers seeking to obtain five-star annual ratings with insurers.
“August is always a bit soft due to seasonality effects, but this August was also impacted sharply by a resurgence in Covid-19 effects, especially in our Orlando-area operations, where we saw a number of key providers shift to treating patients on an emergency-only basis, reducing our new prescriptions metrics,” commented Alan Jay Weisberg, interim CEO and Chairman of the Board at Progressive Care. “However, we believe that this suggests a pent-up demand factor that should contribute to results in the future. In addition, we are entering a seasonally strong period for Progressive Care fueled by increasing provider attention through year-end on HEDIS, a widely used set of performance measures in the managed care industry, and optimizing ratings with insurers, which is our bread and butter. And we should begin seeing benefits from opening our new full-size PharmCo location in Orlando, which has major advantages over our current location in terms of developing a much wider network of provider relationships in the area.”
For more information about Progressive Care, please visit the company’s website.
Connect and stay in touch with us on social media:
Progressive Care Inc.
https://www.facebook.com/ProgressiveCareUS/
https://twitter.com/ProgressCareUS
29,982,980 BUY! 4:01pm GLTA! $GHHC
Power hour was nice! All buys?
29,982,980 BUY
500,000
99,800
2,500,00
200,000
20,000 sell
100,000
100,000
200,000
200,000
10,000
100,000
100,000
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161,538
1,000,000
Shaking out weak hands moving UP! LOL GO $AXXA, not even thinking twice about selling. Up 400%. Lots more to Run!! GLTA! $AXXA LONG to .35+ !
100% BUY on Barchart. GLTA! $AXXA
https://www.barchart.com/stocks/quotes/AXXA/opinion
Yes Sir but not enough! RXMD LONG!
GOO RXMD!!
Let's GO RXMD! Green from here to .09+!! GLTA!
Oversold!! Imo
Top 10 Active Stock Market Forums #6
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I asked them to fix typo's on site.. shaking my head.. http://myapps.solutions/request-a-quote.html
Not yet, just Adding..
LOL #1 on OTC!! Best of the BEST! LMAO..
Chart was clearly showing oversold! Nice to see $CBMJ Beasting! GLTA! Long Here up 380%+! Lot more room to Run!!
Oversold, imo.. GLTA! $AXXA
$CBMJ NEWS! CBMJ Announces Terms of Transaction to Acquire DeDonato Enterprises -- Purchase Price of $2.0M and Breakdown of $2.0M in Revenue
BY GlobeNewswire
— 7:30 AM ET 09/03/2020
Palm Beach, FL, Sept. 03, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Canna Consumer Goods, Inc. ( CBMJ) www.cannabroadcastmedia.com a premier broadcasting company is pleased to provide terms of the previously announced (“LOI”) with DeDonato Enterprises, L.L.C. to allow greater disclosure and transparency to our investors.
The purchase price to acquire DeDonato is $2,000,000 (Two Million Dollars) consisting of $200,000 cash, a $1,800,000 (One Million Eight Hundred Thousand) note, and potential Restricted stock with a two-year hold. The agreement also includes various management incentives for exceeding revenue growth expectations along with maintaining current gross margins.
DeDonato currently generates about 55% of its annualized revenue of $2,000,000 (Two Million Dollars) from Sales of merchandise via Store.FlagAndCross.com, ThrasherCoffee.com, ThrasherCafe.com, and ValloraniCigars.com.
Approximately 25% of the revenue is derived from advertising. DeDonato Enterprises currently owns and/or manages 47 news websites, including those belonging to high profile personalities, which collectively generate nearly 10 million page views per month. Advertising is brokered and placed through these sites and their associated email newsletters.
Roughly 10% of the revenue comes from renting out the opt-in database of conservative consumers that DeDonato Enterprises has built over the years. Conservative candidates and campaigns retain the agency to send targeted fundraising messages.
The remaining 10% is generated from consulting services for various clients across several industries who can benefit from the expertise and mindshare of DeDonato.
The plan is to complete the customary due diligence in the next three weeks including the signing of a Definitive Agreement and closing in September. Assuming a September close, the financial results of the acquisition will be included in Q-3 financial results posted through OTC Markets.
Mark Schaftlein, CEO of CBMJ, stated, "We intend to utilize Flag and Cross as the initial building block of a long-term strategy to be a leading player in conservative media. We intend to build upon the success of the initial acquisition to build the company through organic growth along with prudent acquisitions.”
Brandon Vallorani, DeDonato’s CEO, remarked: “The Conservative media landscape is fractured, predominantly lead by Fox News Channel. Due to this fragmented sector, post-closing other acquisition opportunities will be considered. Throughout the process, we will always strive to provide as much information to our investors as possible and look forward to closing this transaction in the weeks to come.”
About DeDonato Enterprises: DeDonato Enterprises, L.L.C. is a Digital Marketing Agency based in Metro-Atlanta that specializes in reaching a conservative / libertarian / religious audience. Among other assets, DeDonato operates numerous social media accounts across several platforms with over 2 million followers, owns an active database of 1.2 million opt-in email subscribers, and publishes a network of 47 monetized political/news websites generating 10 million-page views per month. Some of the marquis sites include www.flagandcross.com, and www.libertyhub.com.The Company also maintains one of the largest collections of historical documents on the web at www.constitution.com. In addition, DeDonato operates a brick and mortar coffee shop in Hiram, GA and e-commerce websites including www.thrashercoffee.com/, www.valloranicigars.com, and an e-commerce portal at their primary site www.store.flagandcross.com/.
http://www.globenewswire.com/news-release/2020/09/03/2088383/0/en/CBMJ-Announces-Terms-of-Transaction-to-Acquire-DeDonato-Enterprises-Purchase-Price-of-2-0M-and-Breakdown-of-2-0M-in-Revenue.html
Unbelievable! $RXMD will be back! Some BS right now. GLTA LONGS! Definitely worth adding here imo
CBMJ Announces Terms of Transaction to Acquire DeDonato Enterprises -- Purchase Price of $2.0M and Breakdown of $2.0M in Revenue
BY GlobeNewswire
— 7:30 AM ET 09/03/2020
Palm Beach, FL, Sept. 03, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Canna Consumer Goods, Inc. ( CBMJ ). www.cannabroadcastmedia.com a premier broadcasting company is pleased to provide terms of the previously announced (“LOI”) with DeDonato Enterprises, L.L.C. to allow greater disclosure and transparency to our investors.
The purchase price to acquire DeDonato is $2,000,000 (Two Million Dollars) consisting of $200,000 cash, a $1,800,000 (One Million Eight Hundred Thousand) note, and potential Restricted stock with a two-year hold. The agreement also includes various management incentives for exceeding revenue growth expectations along with maintaining current gross margins.
DeDonato currently generates about 55% of its annualized revenue of $2,000,000 (Two Million Dollars) from Sales of merchandise via Store.FlagAndCross.com, ThrasherCoffee.com, ThrasherCafe.com, and ValloraniCigars.com.
Approximately 25% of the revenue is derived from advertising. DeDonato Enterprises currently owns and/or manages 47 news websites, including those belonging to high profile personalities, which collectively generate nearly 10 million page views per month. Advertising is brokered and placed through these sites and their associated email newsletters.
Roughly 10% of the revenue comes from renting out the opt-in database of conservative consumers that DeDonato Enterprises has built over the years. Conservative candidates and campaigns retain the agency to send targeted fundraising messages.
The remaining 10% is generated from consulting services for various clients across several industries who can benefit from the expertise and mindshare of DeDonato.
The plan is to complete the customary due diligence in the next three weeks including the signing of a Definitive Agreement and closing in September. Assuming a September close, the financial results of the acquisition will be included in Q-3 financial results posted through OTC Markets.
Mark Schaftlein, CEO of CBMJ, stated, "We intend to utilize Flag and Cross as the initial building block of a long-term strategy to be a leading player in conservative media. We intend to build upon the success of the initial acquisition to build the company through organic growth along with prudent acquisitions.”
Brandon Vallorani, DeDonato’s CEO, remarked: “The Conservative media landscape is fractured, predominantly lead by Fox News Channel. Due to this fragmented sector, post-closing other acquisition opportunities will be considered. Throughout the process, we will always strive to provide as much information to our investors as possible and look forward to closing this transaction in the weeks to come.”
About DeDonato Enterprises: DeDonato Enterprises, L.L.C. is a Digital Marketing Agency based in Metro-Atlanta that specializes in reaching a conservative / libertarian / religious audience. Among other assets, DeDonato operates numerous social media accounts across several platforms with over 2 million followers, owns an active database of 1.2 million opt-in email subscribers, and publishes a network of 47 monetized political/news websites generating 10 million-page views per month. Some of the marquis sites include www.flagandcross.com, and www.libertyhub.com.The Company also maintains one of the largest collections of historical documents on the web at www.constitution.com. In addition, DeDonato operates a brick and mortar coffee shop in Hiram, GA and e-commerce websites including www.thrashercoffee.com/, www.valloranicigars.com, and an e-commerce portal at their primary site www.store.flagandcross.com/.
CANNA CONSUMER GOODS $CBMJ To Verify Share Buy Back Program To Begin As Early As This Week ?
Good Luck Papa Bear! Been in here Long! GLTA!! Hopefully just starting up!
Congrats my $AXXA Brothers!! SUPER LONG!!
Congrats LONGS! $AABB UP over 350% and HOLDING! GLTA!
100% with you!! Lets GOOO!
Congrats Brother! $AXXA! LONG!!!
Papa Bear ?! Good to see you Brother! Lets GO $AXXA !!
Congrats Longs! Congrats ALL! Let's GO! $AXXA
LETS GO!
GOO $RXMD!! LONG + STRONG! $$
DOW -182 Nasdaq -98 S&P -20 $RXMD 10.46%+
Awesome Close! $RXMD Congrats! Let's see .10+ Next Week!
$1.35*
Looking GOOOOD! $RXMD GLTA!
$RXMD GEM! If you're not in it you're losing/a loser!! GLTA! Super LONG, Super $STRONG!!
Like Rick Ross Im Chillin!! Millions of free shares riding LONG!! haha completely fine watching the Wimbledon back and forth till launch. GLTA!!! $TMGI
Agreed, .07, .70, .77, 7.77, 77.00 !! $RXMD
VOLUME > 4,500,000 GO $RXMD