SCOTTSDALE, AZ / MJBizwire / February 1, 2016 / Northsight Capital, Inc. (OTC Pink: NCAP) and Tumbleweed Holdings, Inc. (OTC Pink: DCDC) announced today the formation of a partnership whereby Tumbleweed will fund a joint venture company to initially build out Northsight’s JointLovers.com website, a social meeting and dating site. This will be the first project funded by the joint venture. Tumbleweed will also invest directly into Northsight and assist in the expansion of its rapidly growing media platform, which currently consists of 8 websites in the Cannabis sector. The companies have signed a Term Sheet outlining the Joint Venture and intend to execute definitive agreements as soon as possible.
The Cannabis industry is considered to be one of the fastest growing industries in the world. Marijuana is the third most popular recreational drug in the United States (behind only alcohol and tobacco), and has been used by nearly 100 million Americans. According to government surveys, some 25 million Americans have smoked marijuana in the past year.
Northsight has capitalized on the explosive growth in the Cannabis sector by building a suite of sites that are highly informative, featuring news, health tips and social sites which promote, brand and advertise for companies in the industry. Northsight’s, www.420Careers.com, for example, is the leading online job search website in the industry.
JointLovers.com will be a digital social and dating community that allows users to find both individual and group connections with other “Cannabis Enthusiasts,” in real time, using advanced mobile application technology. Users can benefit from JL membership by finding and connecting with “like minded” individuals or groups in their local area. Use cases range from dating/romance to social events and gatherings that are impromptu or scheduled in advance. Northsight’s goal is to develop and launch a “best in sector” platform for JL, which includes a Consumer App (iOS and Android), Digital Advertising (Ad Server/Network Stack), Automated/Recurring Payment Processing, Web-Based Administration Tools and an industry best, secure member database. Northsight will work with the vendor to replicate the best components and features from Match.com, Tinder, Friend Finder and others and bring them all together for Joint Lovers.
John Hollister, Northsight CEO stated, “We are very excited to form the relationship with Tumbleweed. We have been building and improving our platform for the past two years and we are now ready to launch a major marketing campaign. The financial investment and assistance from Tumbleweed will allow us to execute our strategy at a much faster pace.”
Gary Herman, CEO of Tumbleweed stated, “We have been seeking to invest our financial and management resources in a company that we believe can be a major content provider in the Cannabis sector. Northsight has built a suite of websites that could be the leading media and content platform in this fast growing industry.”
About Northsight Capital, Inc.
Northsight Capital, Inc. (“NCAP“) is comprised of a portfolio of online marijuana-related websites that are being developed and operated by the Company. These sites will incorporate many aspects of the marijuana industry. The Company intends to provide its audience with a means to stay informed on the industry’s most cutting edge marijuana-related innovations and legislation. The Company’s most dynamic concept, WeedDepot.com, provides consumers with a geo-targeted map directory of medical and recreational dispensaries, head shops, doctors, attorneys and more within the marijuana industry. The Weed Depot app can be downloaded for free at the iTunes Store and Google Play. Weed Depot has an entire platform of content suited for every aspect of advertising and marketing to consumers from all businesses in the cannabis industry. Northsight’s current websites include:
About Tumbleweed Holdings, Inc.
Tumbleweed Holdings, Inc. (“DCDC”) has a strategy focused on acquisitions and investments in the emerging legal cannabis sector, Tumbleweed seeks to operate and invest in businesses in the cannabis sector focused on technology and data applications, business intelligence and other synergistic services for the sector, as regulations permit.
Various statements in this release, including those that express a belief, expectation or intention, may be considered “forward-looking statements” that involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects or transactions. Forward-looking statements may also include projections and estimates concerning our future operating results and financial condition. When we use the words “will,” “believe,” “intend,” “expect,” “may,” “should,” “anticipate,” “could,” “estimate,” “plan,” “predict,” “project,” or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release; we disclaim any obligation to update these statements. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.
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SOURCE: Northsight Capital, Inc.