CBMJ Completes Acquisition of DeDonato Enterprises, LLC -- Name Intended to Change to Conservative Broadcast Media & Journalism

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[{"type":"text","content":"\n PALM BEACH, FL, Oct. 07, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Canna Consumer Goods, Inc. (OTCPK: CBMJ), a premier broadcasting company, is pleased to announce the closing of its previously announced acquisition of DeDonato Enterprises, LLC.  The transaction is immediately accretive on revenue per share, EBITDA per share, and earnings per share basis.   As previously announced, DeDonato is generating roughly $2 million ($2,000,000) per year in revenue and is currently profitable. The company will soon file an application with FINRA to change the name of the business to “Conservative Broadcast Media & Journalism”.  The new name accurately reflects the new nature and future growth plans of the business.  It is anticipated that the ticker symbol of CBMJ will not change as a result of the submission. “We are exceptionally pleased to complete this acquisition,” said Mark Schaftlein, CEO of CBMJ. “DeDonato immediately increases our revenue and earning power, with the potential for significant growth over the coming years.”  “I am thrilled to be joining forces with CBMJ in order to build a pre-eminent platform for conservative broadcast, media, and journalism and related products,” said Brandon Vallorani, CEO of DeDonato.  “We will be looking to do other accretive acquisitions over the next two years as we build out the company.   With Mark and the CBMJ team’s financial and public market expertise, we believe that we have a winning combination.”  About DeDonato Enterprises: DeDonato Enterprises, L.L.C. is a Digital Marketing Agency based in Metro-Atlanta that specializes in reaching a conservative/libertarian / religious audience. Among other assets, DeDonato operates numerous social media accounts across several platforms with over 2 million followers, owns an active database of 1.2 million opt-in email subscribers, and publishes a network of 47 monetized political/news websites generating 10 million page views per month. Some of the marquis sites include www.flagandcross.com, and www.libertyhub.com.The Company also maintains one of the largest collections of historical documents on the web at www.constitution.com. In addition, DeDonato operates a brick and mortar coffee shop in Hiram, GA, an...

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