Dogecoin Cash, Inc., formerly known as Cannabis Sativa, Inc. (OTCQB: CBDS), announced the signing of a definitive agreement with Bots, Inc., a Puerto Rico-based technology and blockchain company. Under the agreement, Dogecoin Cash will acquire 420,000,000 DogeCoin Cash ($DOG) tokens in exchange for 4,200,000 shares of CBDS common stock. This acquisition aligns with Dogecoin Cash's broader strategy for digital assets, including exploring new opportunities for tokenization and digital payments.
The deal is set to close on March 1, 2025. As part of the agreement, CBDS will create a Binance wallet to facilitate the transfer of $DOG. 420 million $DOG tokens, currently visible on BSCScan, will be transferred at closing.
Bots, Inc., through its subsidiary Bullet Blockchain (BULT), controls 840,000,000 DogeCoin Cash ($DOG) tokens and has agreed to transfer 50% of its holdings to Dogecoin Cash, Inc.
This acquisition follows Dogecoin Cash's successful completion of its previous acquisition of 600,000,000 $DOG tokens from DogeSPAC, LLC. This deal increases Dogecoin Cash Inc.'s total holdings of DogeCoin Cash ($DOG) tokens to 1.02 billion tokens, reinforcing its position as a significant player in the $DOG ecosystem.
David Tobias, Chairman and CEO of Dogecoin Cash, Inc., expressed his excitement about the agreement with Bots, Inc., stating: "This acquisition aligns with our broader vision of integrating blockchain technology into our operations and leveraging emerging digital assets to create long-term value."
The addition of DogeCoin Cash ($DOG) to the CBDS wallet presents new opportunities for blockchain applications and financial solutions. CBDS positions itself as a forward-thinking company, embracing the potential of digital assets in key industries.
