As the last trading week of February gets into gear, it is a good time for investors to start tracking those stocks that had been in the news cycle last Friday, and one of those was Cannabis Sativa Inc. (OTC: CBDS) stock. The company, now known as Dogecoin Cash Inc., made a key new announcement about a new agreement at the time.
New Agreement
The company announced that it had reached a definitive agreement with the Puerto Rico-based blockchain and tech company Bots Inc. As per the terms of the agreement, Cannabis Sativa would acquire as many as 420,000,000 Dogecoin Cash tokens. The tokens would be acquired by the company in exchange for 42000000 shares of the Cannabis Sativa common stock.
Further Information
In the news release, the company noted that the acquisition would further boost the company’s cash position in the blockchain space and bring it in alignment with the wider digital asset strategy focused on digital payments and net tokenization opportunities. It was also revealed that the closing date for the transaction had been set for March 1, 2025, and it is going to be interesting to see if there is interest in the stock in the lead-up.
