NEW YORK, Aug. 23, 2017 (GLOBE NEWSWIRE) -- Digital Arts Media Network, Inc. (OTCMKTS:DATI), a specialized tech accelerator leveraging the Public Accelerator-Incubator (PAI) model, has closed a transaction to purchase an equity position in the cannabis crowdfunding company Fundanna, Inc. – owner of Fundanna.com (powered by truCrowd, Inc.).
The initial investment, which was made as part of the Digital Arts Media Network Invest+ program, was done with the intention of building a long-term relationship with Fundanna, Inc. As such, Fundanna, Inc., acquired an equity position in Digital Arts Media Network. It is anticipated that in the future, the relationship will expand to include other accelerator services.
Fundanna.com is an S.E.C regulated FINRA member cannabis focused, crowdfunding portal, where accredited and non-accredited investors alike, are afforded the opportunity to invest in cannabis businesses.
“We see tremendous upside in Fundanna, Inc.,” said Digital Arts Media Network CEO, Ajene Watson. “According to New Frontier Data, a cannabis-focused data firm, the ancillary cannabis market – which is what Fundanna, Inc. specializes in – grew 161.2% in 2016; consulting increased 737%, investment/M&A up 366% and consumption devices increased 116%.”
“In Digital Arts Media Network, we have found an investment and growth partner,” said Fundanna founder and CEO, Vincent Petrescu. “As our relationship grows, we will be able to leverage their platform and services to accelerate Fundanna’s business model.”
ABOUT Fundanna, Inc. & Fundanna.com
Fundanna, Inc is owner of Fundanna.com. Fundanna, Inc., states Fundanna.com to be an S.E.C regulated FINRA member, crowdfunding portal (powered by truCrowd, Inc.) with a dedicated focus on the cannabis markets. Fundanna, Inc., is in the process of taking over operations after it receives FINRA approval.
Fundanna.com allows cannabis related companies to raise up to $1 mil per year from accredited and non-accredited investors, with low investment requirements.
ABOUT Digital Arts Media Network, Inc.
Digital Arts Media Network, Inc. (OTCMKTS:DATI) is the first company to utilize the Public Accelerator-Incubator (PAI) model, with the intent to follow the global success of accelerators and incubators around the world, adding niche opportunities to both the microcap and startup communities. As a PAI, Digital Arts Media Network will develop and acquire innovations that solve problems through digital platforms and other electronic applications.
Digital Arts Media Network aligns with leading accelerators and incubators to form unique partnerships that enhance the vetting process and expedite traction. Further, Digital Arts Media Network partners with successful entrepreneurs, venture capitalists, and development teams to provide startups with general and functional mentorship from industry leaders.
Digital Arts Media Network offers all investors the ability to (i) diversify, (ii) maximize success, (iii) see money at work, and (iv) exit. For those persons invested directly in the PAI, there is an additional opportunity to effectively support startup ventures through mentorship, and angel investors in startup ventures receive additional benefit from various strategies which further hedge and mitigate risk.
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Forward Looking Statements
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