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Cannabis Sativa, Inc. (CBDS) is a company focused on the cannabis and cannabidiol (CBD) industries, primarily offering telemedicine services and exploring opportunities in brand development and product marketing. The company operates through its subsidiary PrestoCorp, Inc., which provides telehealth services for medical marijuana cards, and is actively expanding its presence in the cannabis and CBD markets. CBDS also owns several inactive subsidiaries aligned with its long-term strategy and is pursuing acquisitions to enhance its operations.
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Telemedicine Services - Provides secure video conferencing through PrestoCorp, Inc. (PrestoDoctor) to connect patients with licensed physicians for medical marijuana recommendations. Operates in multiple states, including California, Nevada, and New York, with plans for further expansion.
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Brand Development and Product Marketing - Focuses on developing and marketing cannabis and CBD-related products, including formulas, edibles, topicals, strains, recipes, and delivery systems. Actively seeks opportunities to aggregate and market brands, such as the trademark-pending "hi" brand.
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Inactive Subsidiaries - Includes Wild Earth Naturals, Inc., Kubby Patent and Licenses Limited Liability Company, Hi Brands International, Inc., and Eden Holdings LLC, which align with CBDS's long-term business strategy but are not currently operational.
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Acquisition and Expansion - Pursues acquisitions, such as the planned asset purchase agreement with MJ Harvest, Inc., and explores partnerships to expand cannabis operations into new regions.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Catherine Carroll ExecutiveBoard | Treasurer and Director | Catherine Carroll has served as Treasurer and Director at Cannabis Sativa, Inc. since July 2013 and previously held the CFO position until January 30, 2017. She brings extensive expertise in accounting, tax preparation, IRS audits, and tax appeals, which has been pivotal to the company’s financial governance. | View Report → | |
David Tobias ExecutiveBoard | CEO | President of Wild Earth Naturals, Inc. | David Tobias is the CEO of Cannabis Sativa, Inc. (CBDS) since January 9, 2019. He also holds key roles as CFO and Director at CBDS, and has extensive executive experience from his tenure as President of Wild Earth Naturals, Inc. since May 2013 and other leadership positions. | View Report → |
Robert N. Tankson III Board | Director | Executive at PrestoCorp | Robert N. Tankson III has been a Director at Cannabis Sativa, Inc. since January 31, 2020. He brings extensive experience from his previous roles at Google (2011–2012) and as a co-founder and executive at PrestoCorp (2012–2017), which has provided him with deep insights into technology, business finance, and the cannabis industry. | |
Trevor Reed Board | Director | Trevor Reed has been serving as a Director at Cannabis Sativa, Inc. since 2017, bringing diverse experience from construction, land development, and the cannabis industry, and providing regulatory expertise in cannabis legislation. |
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Earthly Body | A prominent competitor in the skin care market, noted for having a substantially longer track record and greater financial resources and operating efficiencies compared to the company. |
Burt's Bees | A well-known competitor in the skin care industry, recognized for its extensive experience and significant financial resources, which place it at an advantage over the company. |
Melaleuca | A competitor in the skin care market with a strong presence and substantial financial resources, making it a challenging rival for the company. |
Clarins | A major competitor in the skin care industry, distinguished by its longer operational history and greater financial stability, which provide it with competitive advantages. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
DogeSPAC, LLC | 2024 | DogeSPAC, LLC was acquired through a transaction exchanging 4,500,000 newly issued CBDS preferred shares for assets including 600,000,000 Dogecoin Cash tokens, supporting the company’s focus on integrating cryptocurrency solutions into its operations. |
MJ Harvest, Inc. | 2023 | MJ Harvest, Inc. (MJHI) merged with CBDS’s wholly owned subsidiary using a structure where each MJHI common share converted into 2.7 CBDS common shares, with the merger documented as a reverse acquisition and subject to shareholder approvals. |