Dogecoin Cash, Inc. (OTC:CBDS) Announces Strategic Expansion of Crypto Holdings with Acquisition of 420 Million Dogecoin Cash ($DOG)
Dogecoin Cash (OTCQB: CBDS) has announced a definitive agreement with Bots, Inc. (BTZI) to acquire 420 million DogeCoin Cash ($DOG) tokens in exchange for 4.2 million shares of CBDS common stock. The transaction is set to close on March 1, 2025, with CBDS establishing a Binance Wallet for the token transfer.
This acquisition follows CBDS's previous purchase of 600 million $DOG from DogeSPAC, Upon completion, CBDS's total $DOG holdings will reach 1.02 billion tokens. The agreement with Bots, Inc. represents a transfer of 50% of their $DOG holdings, which currently total 840 million tokens.
The company also provided an update regarding its preferred dividend, indicating that FINRA is not expected to set an ex-dividend date, meaning only shareholders who held common shares on November 25, 2024, will likely receive the preferred shares.
Dogecoin Cash (OTCQB: CBDS) ha annunciato un accordo definitivo con Bots, Inc. (BTZI) per acquisire 420 milioni di token DogeCoin Cash ($DOG) in cambio di 4,2 milioni di azioni ordinarie di CBDS. La transazione dovrebbe chiudersi il 1° marzo 2025, con CBDS che stabilirà un Wallet Binance per il trasferimento dei token.
Questa acquisizione segue l'acquisto precedente di 600 milioni di $DOG da DogeSPAC. Una volta completata, le partecipazioni totali di CBDS in $DOG raggiungeranno 1,02 miliardi di token. L'accordo con Bots, Inc. rappresenta un trasferimento del 50% delle loro partecipazioni in $DOG, che attualmente ammontano a 840 milioni di token.
L'azienda ha anche fornito un aggiornamento riguardo al suo dividendo preferenziale, indicando che non si prevede che la FINRA stabilisca una data ex-dividendo, il che significa che solo gli azionisti che detenevano azioni ordinarie il 25 novembre 2024 riceveranno probabilmente le azioni preferenziali.
Dogecoin Cash (OTCQB: CBDS) ha anunciado un acuerdo definitivo con Bots, Inc. (BTZI) para adquirir 420 millones de tokens DogeCoin Cash ($DOG) a cambio de 4,2 millones de acciones ordinarias de CBDS. La transacción está programada para cerrarse el 1 de marzo de 2025, con CBDS estableciendo una billetera de Binance para la transferencia de tokens.
Esta adquisición sigue a la compra anterior de 600 millones de $DOG de DogeSPAC. Una vez completada, las tenencias totales de CBDS en $DOG alcanzarán 1,02 mil millones de tokens. El acuerdo con Bots, Inc. representa una transferencia del 50% de sus tenencias de $DOG, que actualmente suman 840 millones de tokens.
La empresa también proporcionó una actualización sobre su dividendo preferente, indicando que no se espera que FINRA establezca una fecha ex-dividendo, lo que significa que solo los accionistas que poseían acciones ordinarias el 25 de noviembre de 2024 recibirán probablemente las acciones preferentes.
도지코인 캐시 (OTCQB: CBDS)는 Bots, Inc. (BTZI)와 4.2백만 주의 CBDS 보통주와 교환하여 4억 2천만 개의 도지코인 캐시 ($DOG) 토큰을 인수하기 위한 확정 계약을 발표했습니다. 이 거래는 2025년 3월 1일에 마무리될 예정이며, CBDS는 토큰 전송을 위해 바이낸스 지갑을 설정할 것입니다.
이번 인수는 CBDS가 도지스팩에서 6억 개의 $DOG를 이전에 구매한 것에 이어지는 것입니다. 완료되면 CBDS의 총 $DOG 보유량은 10억 2천만 개의 토큰에 이를 것입니다. Bots, Inc.와의 계약은 현재 8억 4천만 개의 토큰에 달하는 그들의 $DOG 보유량의 50%를 이전하는 것을 의미합니다.
회사는 또한 선호 배당금에 대한 업데이트를 제공했으며, FINRA가 배당 기준일을 설정할 것으로 예상되지 않는다고 밝혔습니다. 이는 2024년 11월 25일에 보통주를 보유한 주주만이 선호주를 받을 가능성이 있음을 의미합니다.
Dogecoin Cash (OTCQB: CBDS) a annoncé un accord définitif avec Bots, Inc. (BTZI) pour acquérir 420 millions de tokens DogeCoin Cash ($DOG) en échange de 4,2 millions d'actions ordinaires de CBDS. La transaction devrait être finalisée le 1er mars 2025, CBDS établissant un portefeuille Binance pour le transfert de tokens.
Cette acquisition fait suite à l'achat précédent de 600 millions de $DOG auprès de DogeSPAC. Une fois finalisée, les avoirs totaux de CBDS en $DOG atteindront 1,02 milliard de tokens. L'accord avec Bots, Inc. représente un transfert de 50 % de leurs avoirs en $DOG, qui s'élèvent actuellement à 840 millions de tokens.
L'entreprise a également fourni une mise à jour concernant son dividende préférentiel, indiquant que la FINRA ne devrait pas établir de date ex-dividende, ce qui signifie que seuls les actionnaires ayant détenu des actions ordinaires le 25 novembre 2024 recevront probablement les actions préférentielles.
Dogecoin Cash (OTCQB: CBDS) hat eine endgültige Vereinbarung mit Bots, Inc. (BTZI) angekündigt, um 420 Millionen DogeCoin Cash ($DOG) Token im Austausch für 4,2 Millionen Aktien des Stammkapitals von CBDS zu erwerben. Die Transaktion soll am 1. März 2025 abgeschlossen werden, wobei CBDS ein Binance-Wallet für den Token-Transfer einrichten wird.
Diese Akquisition folgt dem vorherigen Kauf von 600 Millionen $DOG von DogeSPAC. Nach Abschluss werden die gesamten $DOG-Bestände von CBDS 1,02 Milliarden Token erreichen. Die Vereinbarung mit Bots, Inc. stellt eine Übertragung von 50% ihrer $DOG-Bestände dar, die derzeit 840 Millionen Token betragen.
Das Unternehmen gab auch ein Update zu seiner bevorzugten Dividende bekannt und erklärte, dass nicht erwartet wird, dass die FINRA ein Ex-Dividenden-Datum festlegt, was bedeutet, dass nur Aktionäre, die am 25. November 2024 Stammaktien hielten, wahrscheinlich die Vorzugsaktien erhalten werden.
- Acquisition of 420M $DOG tokens expands digital asset portfolio
- Total $DOG holdings will increase to 1.02B tokens after transaction completion
- Strategic expansion into blockchain and DeFi sectors
- Dilution of shareholder value through issuance of 4.2M new common shares
Update on Preferred Dividend
Mesquite, Feb. 21, 2025 (GLOBE NEWSWIRE) -- February 21, 2025 – Mesquite, NV – Dogecoin Cash, Inc., formerly, Cannabis Sativa, Inc. (OTCQB: CBDS) is pleased to announce the execution of a definitive agreement with Bots, Inc., a Puerto Rico-based technology and blockchain company (BTZI), to acquire 420,000,000 DogeCoin Cash ($DOG) tokens in exchange for 4,200,000 shares of CBDS common stock. This strategic acquisition further strengthens Dogecoin Cash’s position in the blockchain space, aligning with the company’s broader digital asset strategy including exploring new tokenization and digital payments opportunities
The closing date for the transaction is set for March 1, 2025. As part of the agreement, CBDS will establish a Binance Wallet to facilitate the transfer of $DOG. The 420 million $DOG tokens are currently viewable at BSCScan and will be transferred upon closing.
Bots, Inc., through its affiliates, including, Bullet Blockchain (BULT), controls 840,000,000 DogeCoin Cash ($DOG) and has agreed to transfer
The contract address for $DOG is 0x48299339a0963fea221eaaad56484c37efb264dd.
CBDS’s Expanding Digital Asset Portfolio
This latest acquisition follows Dogecoin Cash’s successful completion of its previous acquisition of 600,000,000 $DOG from DogeSPAC, LLC, demonstrating the company’s commitment to expanding its presence in the decentralized finance (DeFi) and blockchain sectors. With this transaction, Dogecoin Cash Inc.’s total holdings of DogeCoin Cash ($DOG) will increase to 1.02 billion tokens, further solidifying its position as a major stakeholder in the $DOG ecosystem.
“We are excited to finalize this agreement with Bots, Inc. and continue building a robust digital asset portfolio,” said David Tobias, Chairman and CEO of Dogecoin Cash, Inc. “This acquisition aligns with our broader vision of integrating blockchain technology into our operations and leveraging emerging digital assets for long-term value creation.”
Strategic Implications
The integration of DogeCoin Cash ($DOG) into CBDS’s portfolio presents new opportunities for blockchain-based applications and financial solutions. With the rise of digital assets in mainstream industries, CBDS is positioning itself as a forward-thinking company embracing cryptocurrency’s potential.
Preferred Dividend Update
CBDS anticipates that FINRA will not set an ex-dividend date which would mean that only those that held common shares on the record date of November 25, 2024, will likely receive the preferred shares.
About Dogecoin Cash, Inc. (CBDS)
Dogecoin Cash, Inc. (OTCQB: CBDS) is a publicly traded company that owns and operates PrestoDoctor, a trusted leader in medical cannabis telemedicine. CBDS holds the first patented cannabis strain, Ecuadorian Sativa aka “CTA”, and a patented cannabis lozenge for treatment of hypertension. CBDS engages in cannabis product development and licensing, as well as blockchain innovation. The company is actively engaged in leveraging emerging digital assets, decentralized finance (DeFi) solutions, and blockchain technology to enhance its offerings and create new market opportunities.
Core Business Segments
CBDS focuses on cannabis telemedicine, developing and commercializing cannabis-based products, including CBD-infused wellness solutions, consumer goods, and pharmaceutical-grade formulations. The company seeks to expand its product portfolio through strategic licensing agreements, research partnerships, and acquisitions in the cannabis industry.
Blockchain and Digital Asset Expansion:
Recognizing the growing importance of blockchain technology and DeFi, CBDS explores innovative applications in tokenization, smart contracts, and decentralized finance protocols.
The company is developing blockchain-powered solutions aimed at enhancing transparency, security, and efficiency in cannabis supply chains and financial transactions.
As part of its digital asset strategy, Dogecoin Cash, Inc.continues to assess potential utility tokens, NFTs, and other crypto-related ventures that align with its long-term vision.
Strategic Growth Initiatives
Acquisitions & Partnerships: Dogecoin Cash, Inc. actively seeks strategic mergers, acquisitions, and joint ventures to expand its influence in both the cannabis and blockchain industries.
Regulatory Compliance & Innovation: The company remains committed to operating within regulatory frameworks while leveraging emerging technologies to drive efficiency and growth.
Market Expansion & Investor Relations: Dogecoin Cash, Inc. aims to broaden its investor base and enhance shareholder value by expanding market penetration and diversifying revenue streams.
As the cannabis and blockchain markets continue to evolve, Dogecoin Cash, Inc. positions itself as a forward-thinking company, bridging the gap between natural wellness and decentralized finance. The company's long-term vision involves leveraging blockchain for real-world applications, including traceability in the cannabis industry, DeFi lending solutions, and digital payment integrations.
About Dogecoin Cash (DOG)
Unlock the power of community and technology with DogeCoin Cash, the innovative cryptocurrency that rewards you for spreading the word. Whether through social media, content creation, or personal referrals, your efforts to boost DogeCoin Cash's visibility directly contributes to mining the coin, making it a truly decentralized asset powered by its community. Join us in shaping the future of digital currency, where your voice and participation fuel growth and value.
Proof of Promotion
Instead of the carbon-emitting Proof of Work mining used by coins like Bitcoin and Dogecoin, or the rich-get-richer Proof of Stake mechanism used by Ethereum, Dogecoin Cash uses the innovative new Proof of Promotion system to distribute $DOG to the community. With Proof of Promotion, content creators earn $DOG by spreading the word about DogeCoin Cash and then sharing a link on the social platform Tipestry, where members vote to determine how much each post earns. Rather than encouraging pointless energy consumption, this new system rewards members for adding value to the community.
DeFi
Designed to operate within the decentralized finance ecosystem, DogeCoin Cash exists on both Binance Smart Chain in the BEP-20 format and on the Ethereum blockchain as an ERC-20 token. It is currently tradeable on decentralized exchanges including PancakeSwap on Binance Smart Chain and Uniswap on Ethereum. Holders can store their tokens in a wide selection of Biance Smart Chain and Ethereum wallets and exchange them for other assets such as non-fungible tokens (NFTs).
Disclaimer:
Dogecoin Cash, Inc., and the DogeCoin Cash (DOG) token were inspired by the well-known cryptocurrency Dogecoin (DOGE); however, Dogecoin Cash, Inc. is not affiliated with, endorsed by, or associated with Dogecoin or its development team.
Clarification on Identification:
To prevent any confusion between Dogecoin Cash, Inc. (CBDS), a corporate entity, and DogeCoin Cash (DOG), the cryptocurrency token, each has been assigned a unique CUSIP identifier. Dogecoin Cash, Inc. and its shares are registered with the symbol CBDS, while the DogeCoin Cash (DOG) tokens are identifiable solely within cryptocurrency markets.
For more updates and investor information, visit www.cbds.com
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed on the Company's website and filings.
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected. For a detailed discussion of these risks and uncertainties, please refer to Dogecoin Cash, Inc.'s filings with the SEC.
Contact Information: info@cbds.com
FAQ
How many DogeCoin Cash ($DOG) tokens will CBDS acquire from Bots, Inc.?
What is the payment structure for CBDS's acquisition of $DOG tokens?
When is the closing date for CBDS's acquisition of $DOG tokens?
What will be CBDS's total $DOG holdings after the acquisition?
Who is eligible for CBDS's preferred dividend?
