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Palm Beach, FL, Sept. 01, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Canna Consumer Goods, Inc. (OTCPK: CBMJ) www.cannabroadcastmedia.com a premier broadcasting company is pleased to announce that it has entered into a letter of intent (“LOI”) with DeDonato Enterprises, L.L.C. pursuant to which CBMJ will acquire 100 percent of the membership interest of DeDonato.
DeDonato Enterprises, L.L.C. is a Digital Marketing Agency based in Metro-Atlanta that specializes in reaching a conservative / libertarian / religious audience.
DeDonato is on track to exceed two million in sales in 2020 despite a temporary slowdown due to Covid 19. Led by CEO and Founder Brandon Vallorani and employing approximately 15 employees and contractors, DeDonato Enterprises has experienced substantial growth over the past two years. Vallorani, a Forbes Books published author, who is regarded as a pioneer in the digital media and data driven marketing industry has been distinguished six-times as an Inc. 5000 entrepreneur. He has built and sold two other similar media companies over the past 12 years and has a strong track record in increasing shareholder value.
Brandon Vallorani, DeDonato’s CEO, stated: “Being able to draw on the experience and resources that the CBMJ team brings to the table, coupled with the ability to allow the general public to participate in our company through the public markets, we believe that the combined company will generate results far beyond what we could accomplish on our own.”
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 The Company also maintains one of the largest collections of historical documents on the web at www.constitution.com
Effective as of the closing of the transaction, Brandon Vallorani will join the board of directors of the Company and will continue to serve as the CEO of DeDonato Enterprises, L.L.C. DeDonato will remain a wholly owned subsidiary of CBMJ and will continue to operate in its current location. It will however gain access to the full resources and relationships of the parent company CBMJ.
Post-closing, the company plans to divest its remaining cannabis related assets and or shift the focus of its two operating subsidiaries including Loudmouth Media Inc. to support and align with the business objectives of the DeDonato Enterprises.