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Innovativ Media Group, Inc. (OTCMKTS:INMG) Buys Minority Stake In Night Flight

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Innovativ Media Group, Inc. (OTCMKTS:INMG) reported that it has bought a minority equity stake in Night Flight, Inc. owner of ‘Night Flight Plus’, the iconic premium web streaming network dependent on the award winning rock and roll TV series.

It is also a programmer of a renowned sub-channel on CannaNet.TV, the firm’s new web, ad supported platform, planned to release in the fourth quarter, which will stream original and curated entertainment, educational and informational video content pertaining to the Hemp and Cannabis industries and culture.

The details

Innovativ’s equity stake in Night Flight, Inc. was bought with a combination of cash and via the release of restricted common shares of the firm’s stock and was closed on June 25, 2017. Tom Coleman, the CEO, said that they consider that Night Flight is positioned to become the media taste maker for latest generation of fans looking for an irreverent and unique brand of top entertainment not seen anywhere else online.

Stuart S. Shapiro, the CEO of Night Flight, reported that they welcome the investment by Innovativ and appreciate its strong belief and support in the Night Flight mission. Night Flight is the owner of a premium web streaming network accessible to subscribers, which is named as Night Flight Plus. The web streaming network is available at www.nightflightplus.com, Apple TV, Amazon Fire TV and Roku.

Night Flight’s archive of cutting edge entertainment and original programming is committed to the Legacy and Glory of Rock ‘n’ Roll. VH1 named Night Flight as the single highest rock omnibus program ever broadcasted. Night Flight is presently engaged in a Crowdfunding program on WEFUNDER.

In the last trading session, the stock price of Innovativ traded in a narrow range and closed flat at $0.00740. The traded share volume came at 1.39 million compared to average share volume of 3.15 million.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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