WASHINGTON: Cannabis Club TV, the digital cannabis infotainment network backed by Tommy Chong, has acquired Vast Display Network in a stock and cash deal valued at $2.75 million over two years. As part of the package, CCTV will be leveraging the services of the CannAvolve sales and marketing teams to support company growth and market reach. Vast founder Dan Kemmis has joined CCTV to head up global business development and expansion as the company extends its presence within dispensaries and retail stores and across personal and in-home devices.
Envisioned as the “Netflix of Cannabis,” CCTV produces and publishes the latest cannabis-related news, entertainment and business content and delivers it directly to consumers at point-of-sale, over the Internet, and on TV. By offering a direct-to-consumer cannabis-centric news and entertainment network, CCTV provides industry-leading marketing solutions for brands, retailers, and their customers.