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November 29, 2011 08:46 am GMT
Yes, really.General Cannabis Inc. has just announced that it's acquired Marijuana.com. The company didn't disclose the details of the deal, but we've confirmed that the acquisition price was $4.20 million. Naturally.The executives involvedobviouslyhave a sense of humor, but General Cannabis is a serious business: it's traded on the OTCQX market, and a year ago it acquired WeedMaps, a popular 'Yelp for Cannabis Dispensaries' site with a large following. WeedMaps was topping $400,000 a month in revenues at the time of the acquisition, and that figure has likely continued to grow the site now does 10 million page views a month.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/qlT5ttc1zm4/
WeedMaps Acquires Marijuana.com For A Kushy $4.20 Million
Yes, really.General Cannabis Inc. has just announced that it's acquired Marijuana.com. The company didn't disclose the details of the deal, but we've confirmed that the acquisition price was $4.20 million. Naturally.The executives involvedobviouslyhave a sense of humor, but General Cannabis is a serious business: it's traded on the OTCQX market, and a year ago it acquired WeedMaps, a popular 'Yelp for Cannabis Dispensaries' site with a large following. WeedMaps was topping $400,000 a month in revenues at the time of the acquisition, and that figure has likely continued to grow the site now does 10 million page views a month.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/qlT5ttc1zm4/
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