Transaction with Mixed Martial Arts Brand furthers the Company's long-term strategy in live sports and entertainment
CannaGrow in process of rebranding to Xtreme One Entertainment, Inc.
DETROIT, Jan. 03, 2024 (GLOBE NEWSWIRE) -- CannaGrow Holdings, Inc. (OTC:CGRW) (the "Company" or "CGRW") today announced that its wholly owned subsidiary, XFC Global, has entered a perpetual license agreement for the brand and intellectual property of international mixed martial arts brand Xtreme Fighting Championships (XFC). This strategic agreement will accelerate the organization's ability to execute dynamic Mixed Martial Arts events that benefit fighters, fans and sponsors.
Under terms of the license agreement, the Company's XFC Global subsidiary will enjoy access to all XFC brands, intellectual property, and content as a foundation for developing a new series of XFC events beginning in 2024. Founded in 2006, XFC owns a 1,000-hour library of premier, previously aired content and has held broadcast partnerships with HBO America, Fox Deportes, NBC Sports, and more.
"We are excited to take the next ...