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4Cable TV Intl Inc (CATV) is a South Carolina-based company specializing in signal distribution equipment for the cable TV industry across the US and Europe. They have developed innovative circuitry, such as the PowerMiser, reducing power consumption by up to 75% compared to competitors. Recently, they announced their acquisition of Genetic Networks, a leading player in the biotech industry, poised to revolutionize drug development in the Cannabis sector with their GeneScape platform.
Category V Biotech (OTC: CATV), formerly known as 4Cable TV International, announced a Letter of Intent (LOI) to acquire Genetic Networks, This acquisition marks Category V Biotech's entry into the biotechnology sector of the Cannabis industry. Genetic Networks, a leader in applied molecular biology and drug development, brings its GeneScape™ platform to expedite drug discovery through whole-genome analysis. This strategic move aims to leverage Genetic Networks' expertise to accelerate compound discovery and development for pre-clinical and clinical testing, reducing costs and timelines.
Category V Biotech expects to complete the acquisition in Q2 2024, with Genetic Networks operating as a wholly owned subsidiary. The acquisition aligns with the recent reclassification of Cannabis in the U.S., allowing the company to capitalize on new opportunities in the Cannabis industry. The deal also signifies further planned acquisitions as part of Category V Biotech's growth strategy.
4Cable TV International, Inc. (OTC: CATV) has settled all outstanding convertible notes with Marquis Trading, LLC, marking a significant milestone. The company is set to open its first HIP Restaurant in Wynwood, Florida, on February 15, 2022, focusing on CBD health food. Meanwhile, renovation of its farm subsidiary is in progress, aimed at optimizing future crop yields. 4Cable TV plans to address the OTC Markets Group concerning the removal of the Caveat Emptor designation from its shares, amidst ongoing company improvements and a commitment to file its annual report punctually.
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