4Cable TV International, Inc. (OTC: CATV) has announced that it has completed the acquisition of several companies devoted to supporting a full-service CBD company. The move forms part of a wider strategy to establish the company as a fully integrated global CBD/hemp business, ranging from growing to retailing.
The Company acquired 100% of the equity interests of each of Health Care and Wellness Clinics of America, LLC (HCWCOA), and Corporation Clinic, LLC, at the end of December.
As a result of the acquisitions, 4Cable TV International will operate two franchise models in the CBD retail arm, one marketing company creating leads to the CBD industry, and the sales and distribution of all CBD-based products manufactured by the Company and its subsidiaries. These acquisitions, together with the Company’s previously announced pending acquisition of CIGN, LLC, further the Company’s new strategy of transforming the Company into a global CBD/hemp business.
The Company acquired HCWCOA and Corporation Clinic for aggregate consideration of approximately $900,000 and $350,000, respectively. In each transaction, 70% of the consideration was paid in the form of newly issued shares of the Company’s Series B preferred stock and 30% was paid through the issuance of a promissory note.
Health Care and Wellness Clinics of America is a franchise holding company that, together with its subsidiaries, operate three distinct business models within the CBD business world.
The first model involves medical clinics called Chai MD which provide a lifestyle medicine program that incorporates Cannabis to promote a better, longer, and healthier life. Lifestyle medicine involves the use of evidence-based lifestyle therapeutic approaches, to prevent, treat, and, oftentimes, reverse lifestyle-related, chronic diseases that are so prevalent today. Rather than just treating symptoms with ever-increasing quantities of medication and procedures, Chai MD applies a lifestyle medicine-first approach that focuses on identifying and eradicating the root causes of disease. Chai MD’s unique methods combine lifestyle medicine, lifestyle learning, aesthetic services, alternative medicine, chiropractic care, medical marijuana patient services, and CBD products that strategically position its clients to look and feel their best. Chai MD is in a unique position to provide innovative and customer-focused CBD based products and related services in its application in human wellness.
The second model is a bistro called Hip n Chai which provides an ambience and diet wherein the customers get a 90% plant-based whole food diet combined with the benefits of CBD and other cannabinoids. The goal is that the clients eat well, take 10,000 steps a day, or get 30 minutes of moderate exercise a day, and practice stress management techniques daily.
HCWCOA owns a third business model called Get Medicated which is a lead generator in the Cannabis industry. This company by way of marketing, generates clients to both the clinics and the bistros at a cost per call scenario and acts as the mobile clinic division with ambulances that provide services relating to medical marijuana cards and product sales.
Corporation Clinic was established in December 2014. The company operated one of the clinics and bistros prepared by Healthcare and Wellness Clinics of America, it then became the wholesale and online distribution arm of the products under the brands Chai and Hip.