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WeedMaps aquires MMJMenu

By | General Medical Marijuana Information, Grow Information, Marijuana Cultivation, Medical Marijuana Application, Medical Marijuana Technology, News | No Comments

Wednesday, December 28th, 2011 by Erick Schonfeld

In the small but budding legal medical marijuana industry, WeedMaps has the munchies for acquisitions (sorry, I couldn’t resist). Fresh off its $4.2 million Marijuana.com bong hit in November, WeedMaps’ parent company, Canada’s General Cannabis, announced today its acquisition MMJMenu.

Terms were not disclosed. It was an asset-sale, though, so it probably wasn’t much. General Cannabis, which is publicly traded over the counter in Canada (OTCBB: CANA), (OTCQX: CANA), reported $10.4 million in revenues for the first nine months of 2011, and it only had $1.4 million in cash. WeedMaps accounts for 82 percent of its revenues.

MMJMenu provides back-end enterprise software for medical marijuana dispensaries. The software handles everything from patient management to inventory control to checkout at point of sale. Medical marijuana dispensaries are highly regulated. Emblazoned on MMJMenu’s homepage is its key selling point:

mmjmenu is the best choice for medical marijuana business owners that want to stay compliant with state laws & regulations.

WeedMaps is the “Yelp for medical marijuana dispensaries.” Now it will be able to offer these businesses enterprise software as well as advertising services. MMJMenu claims “hundreds” of medical marijuana business customers “in California, Colorado, Michigan, Montana, Washington as well as in Canada.”

What is an F1, F2, and IBL?

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An IBL (inbred line) is a genetically homogeneous strain that grows uniformly from seed.

A hybrid is a strain made up of two genetically unlike parents, IBL or hybrid.

When you cross two different IBL strains for the FIRST time, it is called the F1 generation. When you cross two of the same F1 hybrid (inbreed), it is called the F2 generation.

The process of selective inbreeding must continue at least until the F4 to stabilize the recurrently selected traits. When you cross two specimens of an IBL variety, you get more of the same, because an IBL is homozygous, or true breeding for particular traits.

(Source: THCFarmer)

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