INVESTORS4Cable TV International, Inc., SIGNS LETTER OF INTENT TO ACQUIRE CIGN, LLC TO GROW HEMP.
29 December 2020 - 12:00AM
InvestorsHub NewsWire
PORT ST. LUCIE, FL -- December
28, 2020 -- InvestorsHub
NewsWire --
A group oriented to become a leader in
CBD based products markets, today announced they have
signed a Letter of
Intent (the "LOI") devoted to join forces to
control one of the
first steps in becoming an integrated hemp company.
Signatories to the
letter of intent include CIGN, LLC, and 4Cable TV International,
Inc.
(OTC:
CATV) 4Cable will take over to operate as the agricultural grower of
hemp. This is the first step in the chain for
CBD based
products to
be manufactured by 4Cable TV
International, Inc., through its future subsidiaries,
which are expected
to join the group in any foreseeable future, and function as
a
global
company in the CBD
business. The
letter signals the intention of the signatories to use their best
efforts to work together in establishing an appealing group of business
units that
will accomplish the expectation of a
fast-growing
market.
About CIGN, LLC
CIGN, LLC
is a
full-service germination nursery of
affordable hemp transplants to farms across the U.S. headquartered
in Homestead, Florida and a full-scale grower of Premium Hemp
Flower.
The company
ships high quality hemp seedlings
directly to farms and grows plants to completion
to sell hemp flower and
biomass to
manufacturers to produce
products.
With a
6-acre State of the Art "Cravo" Greenhouse facility with over
167,000 square feet of covered area, the farm is
currently growing over 100,000 plants per season.
CIGN, opened its
doors in April 2020 and became the
2nd
issued license in
the State of Florida and is under
contract with the University of Florida as a research
facility. CIGN, is in a unique position
to grow
several crops a year and provide consistent results
that focus on
harnessing
CBD, CBG, CBN and other
Cannabinoid
compounds
produced by the
plant to apply it in human wellness.
www.canitgrow.com CIGN has contracts with
its seedling clients to buy back
the harvested
materials and
place
their harvested
outputs in
the marketplace through its wide distribution
network. Our hemp flower products
range from indoor grown hemp strains to bulky high quality outdoor
grown strains. CIGN sells hemp strains from 2-star grade
all the way up to 5-star private reserve grade.
About 4Cable TV International, Inc.
4Cable TV
International, Inc. (OTC:
CATV) is determined to become a fully
integrated Global CBD/Hemp business from seed to
sale. Farming is where it all starts,
and distribution is where it all goes. Today 4Cable TV,
International, Inc. moves one of its chess pieces by
announcing it
is acquiring
CIGN, LLC. As a result of the
acquisition, revenues for 2021 are expected to be in the millions
of dollars.
Safe Harbor
Statement under the Private Securities Litigation Reform Act of
1995 - Statements in this press release regarding
4Cable TV
International's business that are not
historical facts are "forward-looking statements" that involve
risks and uncertainties. For a discussion of additional risks and
uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see
CATV's OTC Market filings, including, but not
limited to, the risk factors in any CATV's Annual Report on Form
10-K and
10-K/A
for the year ended
December 31, 2014, and CATV's Quarterly Report on Form
10-Q for the
period ended on March 31, 2015, as filed with the
OTC
on
April
15,
2015, April
20, 2015 and May 19, 2015, respectively.
SOURCE
4Cable TV
International, Inc. (OTC:
CATV)
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