NEW YORK, Jan. 04, 2018 (GLOBE NEWSWIRE) -- Digital Arts Media Network, Inc. (OTCMKTS:DATI), a specialized tech accelerator leveraging the Public Accelerator-Incubator model, announced that its investment in crowdfunding company Fundanna, Inc. – owner of Fundanna.com (powered by truCrowd, Inc.) added four additional cannabis startup companies to its platform.
- Gulf Coast Canna Meds (http://CannaMeds.us/31)
- Blue Cord Farm, Inc. (http://BCFI.us/7)
- Canrve (http://canrve.us/9)
- 500 N 3rd St, LLC (http://500n.us/7)
Each company on the Fundanna.com cannabis crowdfunding platform quickly raised capital. In some cases, funding goals were exceeded – as with Gulf Coast Canna Meds (131% funded and accepting oversubscriptions).
“We are pleased with the progress Fundanna.com is making and expect much more success to come,” said Digital Arts Media Network CEO, Ajene Watson. “A half dozen more cannabis companies are expected to join Fundanna this quarter. We also believe the number of participating investors will grow significantly; especially as cannabis companies look to incorporate blockchain technologies into their business models.”
Building a fully compliant, crowdfunding platform focused solely on the cannabis market is no easy task. It is however, an extremely lucrative endeavor. As previously mentioned, 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%.
Watson concluded, “We firmly believe that Fundanna’s management has the experience and expertise needed to achieve this goal, and will ultimately exceed our expectations. This will give us reason to both increase our equity stake in Fundanna, Inc. and, expand our relationship with truCrowd, Inc.”
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.
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