Cannabis Sativa, Inc. signed a Term Sheet to acquire Stratum Brands, Inc.
June 16, 2021
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Cannabis Sativa, Inc. (OTCPK:CBDS) signed a Term Sheet to acquire Stratum Brands, Inc. on June 17, 2021. As of December 31, 2020, Stratum Brands has consolidated revenue of $2.8 million. The deal will close pursuant to a successful initial raise of at least $500,000.
Cannabis Sativa, Inc. is engaged in telehealth through its 51% owned subsidiary and the licensing of cannabis-related intellectual property (IP), marketing and branding for cannabis-based products and services, operation of cannabis-related technology services, and ancillary business activities. It operates through various subsidiaries, including PrestoCorp, Inc. (PrestoCorp), Wild Earth Naturals, Inc., Kubby Patent and Licenses Limited Liability Company, Hi Brands, International, Inc., Eden Holdings LLC, and iBudtender, Inc., GK Manufacturing and Packaging, Inc. PrestoCorp offers an online telemedicine platform providing customer access to knowledgeable physicians to obtain a medical marijuana recommendation. PrestoCorp uses video conferencing technology to provide a safe and confidential forum for the doctor patient interview in accordance with state regulations governing issuance of medical marijuana cards. It offers services in California, Nevada, New York, Missouri, and Oklahoma.
CANNABIS SATIVA, INC. 
