4CABLE TV INTERNATIONAL, INC.
ANNOUNCES:
THE FILINGS
OF FIRST QUARTER FINANCIALS AND
ALL PENDING DISCLOSURES WITH THE LAWYER
OPINION LETTER.
SUBSIDIARIES
REPORT PROGRESS AND ANNOUNCE UPICK
WEEKENDS 2ND
EDITION AT CIGN FARM
BEGINS THE 12TH
AND 13TH OF
JUNE. THE SALE OF
24 GROW CONTAINERS TO CAN IT HOLDINGS DE PUERTO RICO FOR A TOTAL OF
$1,560,000.00
AND MORE.
THE REMOVAL
OF KARMA SNACK AS MARKETING
COMPANY FOR FAILURE TO PROVIDE
DELIVERABLES.
SALE OF
PREFERRED B SHARES TO MASA SUPPLY, LLC FOR $400,000.00
Released: June
7,
2021
FLORIDA -- June 7, 2021 --
InvestorsHub NewsWire -- 4Cable TV International, Inc.
(OTC:
CATV) (the "Company") CATV: A group oriented to become
a global leader in Cannabis based
products markets, today announce that they have filed as of
May
24, 2021 the First Quarterly
Financial Reports for
2021
(https://backend.otcmarkets.com/otcapi/company/financial-report/284777/content)
and as of
May
26, 2021 the Legal Opinion,
Adequate Current Information and Disclosure Filing by 4Cable TV
International, Inc., (CATV) (https://backend.otcmarkets.com/otcapi/company/financial-report/285199/content).
This allowed the company to return to Pink Current Information
status.
The company reported gross
sales of $1,822,757 with a net income of $869,564
for the First
Quarter.
The company by the foregoing
filings has covered all pending disclosures. The company is focused on hiring
a PCAOB auditing firm so we can upgrade to fully reporting
as
we move closer to
reaching our goals of full transparency and change of
name. At the same time, we will use
our best efforts to establish an appealing group of business units
that will accomplish the expectation of a fast-growing
market. With these filings, this
allows the company to move in the right direction towards changing
the name of the company. While addressing the
administrative issues related to the company, the Company is
working hard at creating revenues.
CIGN, LLC
REPORTS
HARVESTING
PROGRESS, SALE OF GROW CONTAINERS
CIGN, our farming arm of the
company has reported that is has harvested close to 20,000 plants
and has begun sales of its current crop. Although the weight of the
plants is lower than what was expected, the nose and look of the
flower is of great quality allowing the company to sell the flower
at a higher price. (https://www.instagram.com/CIGNFARM/) While the flower is
drying, curing, and getting ready for sale,
CIGN launches its Second Edition of the UPICK Hemp
Weekend.
2ND EDITION
UPICK
CIGN wishes to invite all
shareholders and the public to attend on
June 12 and
13. (https://upickhempweekends.com/) (https://www.instagram.com/upickhempweekends/)
The UPICK allows the company to share with the
public the experience and learning of hemp as the future crop of
America. At the UPICK, we will have music, drinks, food
available from the Hip Bistro Menu, products available for
sale, and education on how to grow, trim, dry and speak to
professionals that can explain the benefits of the
plant.
SALE OF GROW
CONTAINERS
CIGN announces the sale
of 24
cultivation
ready containers amounting to
$1,560,000.00 in Gross Sales for CIGN. These containers
are being sold to Can It Holdings de Puerto Rico, LLC. Can It
Holdings de Puerto Rico, LLC is a Marijuana Qualified
Cultivation company and is affiliated with CATV by way of the ownership
interest held by Michael Feldenkrais of both
companies. Michael
Feldenkrais,
CATV's Chief Executive Officer and sole director, is also the Chief
Executive Officer and owns a large equity interest in Can It
Holdings de Puerto Rico, LLC. Mr. Feldenkrais also
owns the majority voting control of the
CATV through his ownership of the Company's Series A preferred
stock, which possess super-voting rights. This transaction
represents to CIGN a substantial sale at great profit
margins. The first 12 containers are set to arrive on June
12, 2021 to be set up as
cultivation
containers of
Medical Marijuana in the island of Puerto Rico.
Can It Holdings de Puerto Rico
Facility
Outside/Inside of Growing
Container
HEALTHCARE AND
WELLNESS CLINICS OF AMERICA, LLC
REPORTS
Healthcare and Wellness Clinics
of America,
our retail arm of the company is happy to report having found
several locations in Florida to open several Hip Bistro's. Although
leases have not yet been signed, the legal team is working
diligently to prepare final documents and execute same at some promising
locations.
OUR
BRANDED AND DISTRIBUTION OF OTHER
BRANDED PRODUCTS
Online sales of our branded
products are increasing daily, and acceptance of the Hip
Alkaline Water has surpassed the
company's
expectations.
(www.hip4all.com) We are currently entering a
group of independent supermarkets with the Hip Alkaline Water
while
we
request to
be considered for distribution by one of the top Natural Food
Distribution companies in the United
States. New products are in the pipeline and are set to be released
soon.
We are also reviewing some private label and white label
contracts from clients who wish to
purchase using our raw materials and
formulas.
MARKETING
After months of working
with Karma
Snacks, CATV has decided to end the
relationship due to lack of performance. We have taken control of our
marketing internally and have hired two specialists, one for
Digital On-line media and the other for
Off-line media while hiring independent contractors for
different tasks and we expect to release their
work as they
are developed, edited, and
perfected. Our
CEO,
having vast
experience in
marketing, including but
not limited to,
placing the first US television commercial relating to Cannabis on
the air, decided to internally manage the marketing department to
reduce production costs, control the message, and spend funds on
actual marketing instead of production and bureaucracy. This
is a move in the right direction for the company as it will reduce
costs and increase productivity.
CATV SELLS 400
SHARES OF NEWLY ISSUED PREFERRED
B SHARES FOR $400,000.00
Masa
Supply,
LLC agreed to purchase 400
newly issued
Preferred B Shares
for a total of $400,000.00. 200 of the Preferred B Shares have been
sold and paid for and the balance of the 200 Preferred B
Shares
purchase
shall be
completed by
July 27,
2021.
ABOUT 4CABLE
TV INTERNATIONAL, INC.
4Cable TV International, Inc.
(OTC:
CATV) seeks to create and operate a fully integrated global
cannabis business, ranging from growing to retailing. To accomplish
this strategy, the Company is actively
seeking
acquisition targets
in the cannabis industry.
Cautionary
Note Regarding Forward-Looking Statements
Statements in this press
release regarding 4Cable TV International's business that are not
historical facts are "forward-looking statements." Examples of
forward-looking statements include, among others, statements
regarding the Company's future business and prospects,
strategic plans, and strategic transactions.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
the Company's current beliefs, expectations,
and assumptions
regarding the future of its business, future plans
and strategies,
projections, anticipated events and trends, the economy and other
future conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of the Company's control. The Company's actual
results and financial condition may differ materially from those
indicated in the forward-looking statements. Therefore, you should
not rely on any of these forward-looking statements. Important
factors that could cause the Company's actual results and financial
condition to differ materially from those indicated in the
forward-looking statements include, among others: general economic
and financial conditions; consumer demand for Cannabis products and
services; volatility in the trading markets and the lack of
liquidity in the Company's common stock; the Company's ability to
successfully execute on its new Cannabis strategy; the Company's
limited operating history in the Cannabis business; the legal
status of the Company's Cannabis business, both in the U.S. and
abroad; risks inherent in the Cannabis business; existing and new
U.S. and foreign government regulations and changes in regulatory
requirements; risks related to rules and regulations at the U.S.
federal, state and municipal levels and applicable foreign
jurisdictions with respect to Cannabis; the Company's ability to
obtain financing or raise capital on favorable terms or at all in
order to execute its business strategy; the Company's ability to
successfully identify and integrate acquired businesses; risks
associated with conducting operations in foreign countries; and
risks associated with engaging in transactions with third parties,
including related parties. For a discussion of additional general
risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements, see CATV's
OTC Market filings. Any forward-looking statement made by in
this press release is based only on information currently available
to the Company and speaks only as of the date on which it is made.
The Company undertakes no obligation to publicly update any
forward-looking statement, whether written or oral, that may be
made from time to time, whether because of new information, future
developments or otherwise, except as required by law.
Company: CATV
Phone:1.833.211.3200
Location: Miami, FL
Email: info@4cabletvint.com
Website: www.4cabletvint.com
