Anything Technologies Media Inc. (
), developer of multi-media digital applications, productions, and marketing, as well as a recent entrant into the medical marijuana space, recently announced the acquisition of Frontier Indoor Garden Solutions Inc., a Nevada-based company focused on the development of commercial indoor medical cannabis facilities and outdoor industrial hemp operations throughout the United States.
“I am extremely excited to not only join forces with ATM’s resources and contacts in the medical cannabis industry, but also to have their confidence in allowing Frontier’s vision to anchor the future of the company,” said Frontier President Jim Filkins in the press release announcing the acquisition. “We have worked extremely hard to position ourselves and have put all the essential partnerships in place to secure major market share in this space.”
Frontier offers a complete solution to Native American Tribes wishing to pursue cannabis facility or hemp growing operations, including a funding package and harvested crop distribution options. The company stated it plans to announce several such projects in the coming weeks, which could ultimately set the stage for revenue generation and unlock shareholder value over the near- and long-term.
The acquisition also meshes well with ATM’s existing R-Quest Hydroponics Inc. subsidiary, which is focused on the development of new lighting equipment and nutrient products to enhance growing efficiency for hydroponic plant growth. R-Quest has also expanded its efforts to include the construction of indoor grow rooms and greenhouse manufacturing. In the past, 51% of R-Quest was acquired by IMD Companies Inc. (
).
Shares of Anything Technologies Media Inc. jumped more than 5% in early trading on Friday, May 29, 2015.
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