INNOVATIV MEDIA (INMG)
ACQUIRES LOCALCANNABISDISPENSARY.COM FOR CANNANET.TV
LOS ANGELES, CA November 13, 2017 (InvestorsHub NewsWire),
Innovativ Media Group, Inc. (OTCPK:INMG) ("Company"), a multi-media
content producer and distributor, today announced that it has
acquired http://localcannabisdispensary.com
an ad supported and subscription based directory and search engine
for over 500 cannabis dispensaries and stores which will be
exclusively available on CannaNet.TV http://www.cannanet.tv/ scheduled to launch on
November 28, 2017.
The Company acquired the business from Total Sports Media, Inc.
in exchange for the issuance of restricted shares of the Company's
common stock.
Tom Coleman, CEO of Innovativ Media said: "This is a significant
and logical purchase for us and it represents the kind of diverse
content we intend to be making available on the CannaNet.TV
platform. Our primary objective is to expose underserved brands and
advertisers within the cannabis community to our worldwide audience
of enthusiasts. We believe that http://www.localcannabisdispensary.com has the
potential to build a 'Yelp' like community in the sector".
About Innovativ Media Group, Inc.
Innovativ Media Group (Innovativ) is a developer, producer and
distributor of digital entertainment and other multi-media content
which is developing the CannaNet Channels. It distributes the
motion picture assets of Lux Digital Pictures and, via New Broadway
Cinema, develops adaptations of stage shows utilizing its
trademarked DigiTheater Virtual Reality process. Innovativ also
operates The Alien Interview Channel on YouTube in partnership with
Fullscreen, the online channel HPLovecraft.TV and is a principal in
the Film Finance Exchange. http://innovativmedia.com
Forward-Looking Statements:
This press release contains certain "forward-looking"
statements, as defined in the United States Private Securities
Litigation Reform Act of 1995 that involve a number of risks and
uncertainties. Statements, which are not historical facts, are
forward-looking statements. The Company, through its management,
makes forwardlooking public statements concerning its expected
future operations, performance and other developments. Such
forwardlooking statements are necessarily estimates reflecting the
Company's best judgment based upon current information and involve
a number of risks and uncertainties, and there can be no assurance
that other factors will not affect the accuracy of such.
Contact:
Investor Relations
info@innovativmedia.com
510-948-4000