Northsight Capital, Inc. and Tumbleweed Holdings Settle Previous Dispute and Form New Working Relationship
SCOTTSDALE, Ariz., July 24, 2017 (Newswire.com) - Northsight Capital, Inc. (NCAP-OTCBB) and Tumbleweed Holdings, Inc. (DCDC-PK) announced today that the companies have reached a settlement for their previous dispute and are now working together to close the Crush Mobile Apps acquisition for Northsight.
Tumbleweed, who introduced and assisted Northsight with the contemplated Crush Mobile Apps acquisition, will also assist NCAP in acquiring the funding necessary to close the acquisition.
Northsight recently agreed to acquire Crush Mobile Apps, LLC (www.CrushMobileApps.com), in an all-stock transaction. Crush Mobile, with approximately one million members, has developed a group of dating sites with a presence in the Latino, African-American and Jewish communities.
A spokesperson for Northsight stated, "We are pleased to resolve the conflict with Tumbleweed and focus on growing Northsight rather than go through a long, drawn-out litigation process that would not be beneficial to shareholders of either company."
Gary Herman, CEO of Tumbleweed stated, "Our Board is pleased to have resolved this problem. We look forward to working with the management teams of Northsight and Crush."
About Northsight Capital, Inc.
Northsight Capital, Inc. ("NCAP") is comprised of a portfolio of online marijuana-related websites developed and operated by the company, including WeedDepot, www.420careers.com, MJBizwire.com, MarijuanaRecipes.com, RateMyStrain, WikiWeed, MarijuanaMD and MarijuanaHealthTips. The company provides 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.
Forward-Looking Statements:
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Source: Northsight Capital, Inc.