Players Network (OTCMKTS:PNTV) reported the acquisition deal of Marijuana Incubator and its advancement to release a new division named Marijuana Accelerator. It is a part of company’s overall strategy to fetch market share by advancing a national footprint in the approved medical marijuana industry.
Keeping with its objective to advance and identify ventures in the pot industry, Marijuana Accelerator is intended as a pot industry network that will attract investors and entrepreneurs to the company’s network for association opportunities.
Players Network said that Marijuana Accelerator plans to work in the different capacities. Companies and entrepreneurs offer tools, resources and capital for entrepreneurs. Joint Ventures and associates use an expanding network to help firms by facilitating launches and help to recognize joint ventures. They work to identify firms with considerable growth potential and showcase them to an expanding network of shareholders.
The business setup of Marijuana Incubator and its name were bought by Players for 1 million restricted shares. Subsequent further development, the company intended to release under the brand Marijuana Accelerator and obtained the domain name to achieve a strong online presence.
The marijuana market is lacking much-required accelerator and incubator-style tracking organizations, and the company is delighted to present their unique solution to fulfill this need. There is remarkable excitement in this market. It reminds management of the dot com era, as they acquire elevator pitches across time. Over the coming period, they will be marketing Marijuana Accelerator and they consider it will be a lead source for them.
Mark Bradley, the CEO of Players Network, reported that the timing of this deal couldn’t be better. Marijuana Accelerator is a remarkable tool they will utilize to organize and assess the immense opportunities accessible in the marijuana market. They are thrilled to see the types of associations that come out of this.