Black Dog Venture Partners said March 18 that it acquired a 10 percent stake in Chronic Internet. Financial terms weren’t announced. Chronic Internet, a holding company, owns a portfolio websites focused on the cannabis industry without the direct sale of any cannabis products.
March 18, 2019 – PHOENIX, AZ/ KEALIA, HI — Black Dog Venture Partners announced today that they have acquired a ten percent stake in Hawaii based cannabis digital media agency, Chronic Internet. Terms of the deal were not disclosed.
Chronic Internet (http://ChronicInternet.com ) is a holding company of portfolio websites focused on the cannabis industry without the direct sale of any cannabis products. Through their digital media agency, businesses can leverage the niche market of engaged users from their network of cannabis-oriented dating events, jobs, clothing, business directories, photo rating sites, and classified marketplaces.
Steve Monas founder of Chronic Internet commented, “With the Black Dog Venture Partners partnership, I see a tremendous amount of growth for current network of sites and the development of more of our niche sites within our network – this is going to be amazing!”
Chronic Internet’s portfolio of companies includes:
- Chronic Jobs – Indeed for Weed
- Chronic Souls – Cannabis Dating and Social Event Site
- Chronic Goods – Cannabis Retail Store
- Chronic Shirts – Cannabis themed retail t-shirts & apparel store
- Chronic Roommates – 420 Friendly Housing
- Bud and Mary Jane – Cannabis network marketing for brands
- Chronic Bud Trader – Cannabis Classified Marketplace
- Chronic Business Directory – Cannabis Business Directory
Black Dog CEO Scott Kelly commented on the deal, “We have been looking for the right opportunity to enter the cannabis industry and Chronic Internet was the perfect fit, This industry is growing rapidly, and we plan on taking full advantage of that growth!”
About Black Dog Venture Partners
Black Dog Venture Partners provides venture capital consulting, corporate finance, business development, digital marketing and publicity for regional and national brands and fast-growing companies. Black Dog’s team has a long history of success in the entertainment, sports, technology and finance industries.
Black Dog Venture Partners has hosted investor conferences throughout the west and has raised millions of dollars for startups as a direct result of our fast pitch conferences. Learn more at https://www.BlackDogVenturePartners.com