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BreedIT Secures $200k in Growth Funding from INTIVA Pharma LLC

Ryan Allway

May 15th, 2014

News, Top Story

[stockchart symbol=”BRDT”]

BreedIT Corp. [stockquote symbol=”BRDT”], a developer of sophisticated agro-breeding solutions for plant breeders and researchers, recently announced that it received $200,000 in growth financing from INTIVA Phama LLC, a wholly owned subsidiary of Global Cannabis Ventures Ltd., in the form of straight equity restricted stock at a purchase price of $0.30 per share.

“The confidence and support shown by INTIVA in our scientific research, state-of-the-art agro-breeding technology, and team’s ability to capitalize on the market opportunity present in the field of cannabis seed breeding is overwhelming,” said BreedIT Corp. Chairman Itschak Shrem. “We are thrilled of their investment and eager to begin working with them to leverage our technology.”

Global Cannabis Ventures Ltd. owns 80 acres of land in Colorado where it’s assembling greenhouses to be leased to legally licensed cannabis growing operations. In addition, the group has acquired minority interests in three Canadian businesses that are becoming legally licensed to grow and harvest cannabis under the country’s new Marihuana for Medical Purposes Regulations (“MMPR”).

“Our motivation for the investment as our belief in BreedIT’s opportunity to become a global leader in the breeding and licensing of high quality cannabis seeds,” said INTIVA Pharma LLC’s Richard Greenberg. “More importantly, with our firm’s presence and involvement in the marijuana industry in both Colorado and Canada, we have an opportunity to help the company grow.”

The move provides capital to BreedIT to use in growing its operations, as well as provides a potential end user for its products. Through its relationships with other companies in the space, across both the U.S. and Canada, the group could also refer additional business to the company over time.

Shares of BreedIT Corp. jumped 2.4% in early trading on Thursday morning and are trading up 200% so far in 2014.

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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