Welcome to our dedicated page for Conservative Broadcast Media & Journalism news (Ticker: CBMJ), a resource for investors and traders seeking the latest updates and insights on Conservative Broadcast Media & Journalism stock.
Conservative Broadcast Media & Journalism Inc. reports developments around its public media-company strategy and corporate portfolio. Recent company updates have centered on the completed sale of the assets of its Patriot.TV subsidiary, a conservative digital media network, and on CBMJ's stated focus on strategic opportunities in media, technology, communications and related sectors.
Earlier Patriot.TV announcements covered original programming, podcasts, commentary shows, audience engagement on streaming and social platforms, and monetization through sponsorships, advertising, e-commerce and subscriptions. The company's news flow also includes corporate-positioning updates tied to capital requirements, financial flexibility and portfolio focus.
CBMJ Inc. (OTC: CBMJ) reported record revenue of $1.827M for the first half of 2021, a 96% increase from $932K in 2020. Q2 2021 marked the company's first quarterly revenue surpassing $1.0M, with June 2021 achieving the highest revenue ever at $452K and preliminary net income margins around 8%. The growth is attributed primarily to the e-commerce site Store.flagandcross.com and the recently acquired Patriot Depot.
Management aims for $7.0M in revenue over the next year.
CBMJ Inc. has successfully acquired 100% of USA Depot, Inc. and its subsidiary, Patriot Depot, effective June 4, 2021. This acquisition is expected to double annual revenue to approximately $7 million. The all-stock deal, involving the issuance of 40 million shares of restricted common stock, positions CBMJ to enhance its market presence in the conservative retail sector, offering a wide range of products from apparel to patriotic gifts. New board member Floyd Brown aims to leverage this acquisition for future growth opportunities and shareholder returns.
ReelTime VR/ReelTime Media (OTC PINK:RLTR) has acquired 100% of LoudMouth Media Inc. from CBMJ for 1.0M shares of Restricted Common Stock. This acquisition enhances ReelTime's media offerings, capitalizing on LoudMouth's established distribution network that reaches over 700 radio stations in the USA and 128 in Canada. CEO Barry Henthorn anticipates expanding content and distribution significantly. The acquisition aligns with ReelTime's strategy towards media asset growth, while CBMJ aims to integrate its operations post-acquisition.
CBMJ (OTC:CBMJ) has successfully sold 100% of its subsidiary, LoudMouth Media Inc., to ReelTime Media (OTC:RLTR) for 1 million shares of Restricted Common Stock in exchange for 5 million shares of LoudMouth. LoudMouth News is the first and longest-running radio program focusing on marijuana industry news, airing on over 700 U.S. and 128 Canadian stations. The acquisition aims to enhance ReelTime's distribution network and content scope. CBMJ emphasizes a strategic shift towards focusing on its recent acquisition of Patriot Depot.
CBMJ announced its intention to acquire 100% of the assets of USA Depot, which includes its subsidiary, Patriot Depot. This all-stock transaction involves the issuance of 40M shares and aims to close between May 31 and June 15, 2021. The acquisition is expected to double CBMJ's annual revenue to approximately $7M. Floyd Brown, Chairman of USA Depot, will join CBMJ's Board of Directors. The merger is anticipated to enhance operational efficiency and revenue potential through combined resources in the conservative retail market.
CBMJ Inc. reported record revenue of $816K for Q1 2021, a 642% increase from $127K in Q1 2020. EBITDA rose to $67K, up $45K year-over-year. Key growth drivers include product sales from its e-commerce site Store.FlagandCross.com, email database rental, consulting services, advertising revenue, and coffee sales. The company retains a strong positioning with diversified services, aiming to enhance client relationships in a challenging environment.
Conservative Broadcast Media & Journalism (OTC:CBMJ) reported a remarkable 118% year-over-year revenue growth for 2020, achieving $2.4M, up from $1.1M in 2019. Net income surged to $450K, compared to $115K the previous year. The company's strategy includes strategic acquisitions, such as Military Grade Coffee and J. Vincent Creative Digital Marketing Agency, and the development of its own social media platform. With an opt-in email database exceeding 12M addresses and multiple e-commerce sites, CBMJ is poised for continued growth in 2021.
CBMJ’s Vallorani and Trump Cigars will be featured at The Palm Event on March 21, 2021, at the Mar-a-Lago Club in Palm Beach, FL. Following last year's success, a special selection of Vallorani's cigars, including the popular 'Trump' cigars, will be available for attendees. The outdoor event will ensure safety with sanitation stations and room for social distancing. Founder Brandon Vallorani expressed excitement over the invitation, celebrating the opportunity to showcase their Old World cigars among prestigious brands at a charitable motorsport event.
On March 10, 2021, Conservative Broadcast Media & Journalism (OTC:CBMJ) announced its acquisition of J. Vincent Creative Digital Marketing Agency (JVC) based in Atlanta, GA. This strategic move expands CBMJ's digital marketing capabilities and client base while enhancing revenue streams. The acquisition grants CBMJ access to JVC's SEO, web design, and digital advertising expertise, along with additional assets like e-commerce websites and social media support. The partnership is expected to broaden CBMJ's clientele beyond its politically conservative focus.
Conservative Broadcast Media & Journalism (OTC:CBMJ) reported significant growth following its coverage at the recent CPAC event in Orlando, where President Trump delivered a keynote speech. The company noted a surge in opt-in email subscribers from 1.2 million to over 8 million and monthly page views exceeding 10 million. Furthermore, record monthly revenues surpassed $250,000, and CBMJ completed key acquisitions enhancing its media presence. President Vallorani emphasized building connections and plans for a stronger CPAC 2022 presence, with a focus on news coverage from Washington.