Business
Interactive Health Network Acquires TBLO, a Managed Service Provider for the Cannabis Industry
Interactive Health Network Acquires TBLO, a Managed Service Provider for the Cannabis Industry.
About this update from Interactive Health Network
[{"type":"text","content":"\n \n \n Interactive Health Network Acquires TBLO, a Managed Service Provider for the Cannabis Industry\n \n \nInteractive Health Network Acquires TBLO, a Managed Service Provider for the Cannabis Industry\n\nThird Strategic Acquisition Bolsters Market Opportunity for IHN's Cannabis Health Group Division\nTBLO Business Projected to Generate Approximately $1 Million in Annual Service Revenue\n\n \n RENO, NV--(Marketwired - Jun 5, 2014) - Interactive Health Network (\"IHN\" or \"the Company\") (OTC Pink : IGRW) (PINKSHEETS: IGRW), a diversified holding company operating in the legal cannabis industry and advanced health supplements markets, announced today that it has acquired TBLO, a managed service provider in the legal cannabis market.\n Following BIOTEL, TBLO is the Company's second acquisition of a managed service provider for the legal cannabis industry in 2014. This is the third strategic acquisition executed by IHN's Cannabis Health Group division during 2014, the first being Here We Grow Store, a national retailer of indoor gardening and horticulture equipment and growing supplies, in early April.\n \"IHN has had a strong start to 2014, as we have strengthened our holdings portfolio in the legal cannabis space by executing three strategic acquisitions through our subsidiary, the Cannabis Health Group,\" stated Cesar D. Vazquez III, Executive Vice President, Marketing for IHN. \"Managed service providers such as TBLO and BIOTEL allow us to provide a more comprehensive offering in the recreational and medical marijuana space, and better position us to execute our go-to-market strategy in this high-growth industry. As we continue to cultivate additional revenue pipelines, we believe that we are poised to capitalize on the continued growth in the legal cannabis market and drive value for our shareholders.\"\n Interactive Health Network expects TBLO to contribute approximately $1 million in annual revenue beginning this year.\n About Interactive Health Network\n Interactive Health Network is a publicly traded holdings company that manufactures, markets and sells high quality lifestyle products and nutraceuticals; including its wholly owned subsidiary, Cannabis Health Group, which focuses on the medical marijuana and hemp market space. We plan on extending and deepening our product lines to include other progressive market segm...