CrowdGather Acquires Cannabis-related App & Domains


Ryan Allway

April 1st, 2015

News, Top News


CrowdGather Inc. (OTCQB: CRWG), a specialty social media and gaming company, recently announced the acquisition of digital assets including the WeedTracker.com domain name and online community, as well as domain names like DispensaryWeed.com and WeedinHollywood.com, as a part of its plan to expand into high growth opportunities in advertising and beyond.

Management plans to extend WeedTracker.com into a mobile locator app and develop WeedinHollywood.com into a cannabis gaming title, making the company one of the few publicly traded social media stocks with exposure to the emerging cannabis industry segment. These moves could be interesting to investors researching companies in the cannabis field like GW Pharmaceuticals Ltd. (NASDAQ: GWPH) and HEMP Inc. (OTC Pink: HEMP).

Many private companies have also done very well in the cannabis tech space, including WeedMaps.com which was acquired for millions. Venture capital funds, like Privateer Holdings and Peter Thiel’s Founders Fund, have also committed upwards of $75 million to cannabis investments, as investors across all segments look to profit from one of the fastest growing U.S. industries.

Read the entire press release discussing the apps here:

Specialty social media and gaming network, CrowdGather, Inc. (CRWG), today announced the acquisition of digital assets including the WeedTracker.com domain name and online community. Other included assets included domain names DispensaryWeed.com and WeedinHollywood.com.

“Since our inception we have grown opportunistically through acquisitions that have leveraged our deep expertise and relationships in online communities towards user acquisition for higher growth opportunities from advertising and beyond,” said Sanjay Sabnani, Chairman and CEO of CrowdGather, Inc. “Now, with the help of our capable engineering team we will look at extending WeedTracker into a mobile, locator app franchise while we also look at developing WeedinHollywood.com into our first cannabis themed gaming title.

Sabnani continued, “Our mission remains focused on gathering a very large crowd of online users, one which we seek to entertain with our network of sites, apps, and games.”

About CrowdGather, Inc.

With its growing portfolio of special interest forums and enthusiast message board communities, CrowdGather (www.crowdgather.com) has created a centralized network to benefit forum members, forum owners, and forum advertisers. CrowdGather provides a highly interactive and informational social network for members, a management and revenue-sharing resource for third-party forum owners, and a largely untapped advertising network for marketers worldwide.

CrowdGather subsidiary, Plaor, a company that specializes in developing highly scalable multi-platform games, is located in the heart of Boston’s fast growing Innovation District. Plaor produces Mega Fame Casino, an innovative and highly rated social casino available on iOS, Android & desktop. With over 20 employees, the Plaor team is a mix of rising-star newcomers and widely-recognized game development veterans from companies including Rockstar Games, Turbine, Harmonix, Irrational Games, Nanigans, Sony Online Entertainment, ThoughtWorks, THQ, and Caesars Interactive Entertainment.

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth and business strategy. Words such as “expects,”“will,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company’s business; general economic, industry and market sector conditions; the ability to generate increased revenues from the Company’s forums and Plaor’s social casino; the ability to obtain additional financing; the ability to manage the Company’s growth; the ability to develop and market new technologies to respond to rapid technological changes; competitive factors in the market(s) in which the Company operates; and other events, factors and risks disclosed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.



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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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