4Cable TV International, Inc. Acquires CIGN, LLC

February 10, 2021

4Cable TV International, Inc. completed the acquisition of 100% of CIGN, LLC effective February 9, 2021 for $10.0 million consideration (70% Series B preferred stock, 30% promissory note). The acquisition brings a 6-acre Cravo greenhouse and germination nursery in Homestead/Miami, Florida into 4Cable's strategy to become a vertically integrated CBD/hemp business; CIGN was previously owned by affiliates (including Michael Feldenkrais, who indirectly owned 50%).

Buyers
4Cable TV International, Inc.
Targets
CIGN, LLC
Sellers
Affiliates of 4Cable TV International, Inc., Michael Feldenkrais
Industry
Agriculture
Location
Florida, United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.