Northsight Capital

Northsight Capital Set To Acquire Crush Mobile Apps Next Month

Apps
Northsight Capital is set to acquire white label company Crush Mobile Apps next month in an all-stock transaction.

Northsight Capital is the parent company of The Marijuana Companies and hosts a number of marijuana-related businesses and online domains, including Marijuana Recipes, Weed Media and WikiWeed.

The company also owns dating site Joint Lovers, which is expected to be incorporated into Crush Mobile Apps’ portfolio once the acquisition is closed.

White label company Crush Mobile Apps owns a number of niche dating platforms, including some of the leading dating apps for the Jewish, Latino and African American communities.

The acquisition, which is subject to terms, will see Crush Mobile Apps’ management team leading the day-to-day operations of Northsight Capital and its CEO Sonya Kreizman will step in as Northsight Capital’s interim CEO.

John Venners, Northsight Capital’s Director, said: “Northsight has been seeking an experienced management team and partner to take our leading-edge media platform to the next level.

“Crush Mobile provides strong management, a robust technology platform and a large community of users, all of which should enable the combined company to build a compelling media, branding and advertising platform in the cannabis space. This combination should be a win-win.”

The acquisition is expected to close on 1st June 2017 and the move is said to be a way of boosting the revenue and profitability of Northsight Capital’s platform.

Itay Koren, Chairman of Crush Mobile and the future Chairman of Northsight Capital, said: “We are thrilled to be joining such a great partner.

“Crush Mobile brands’ Technology and Management team together with NCAP’s significant Media platform will help create a unique entity, well-positioned to benefit from increased resources and improved financial strength.

“Together, we can leverage the strengths of each company to scale, grow and provide an exceptional user experience.”

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