Thursday Rundown: Pot Finance Firm Makes Acquisition, Disney Box Office Tops $1 Billion

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Hollywood marijuana industry finance firm Kind Financial announced Thursday that it had agreed to acquire the assets of Agrisoft Development Group, a Kansas City, Mo., company that has developed a software suite designed for the marijuana industry and its – umm – unique compliance requirements.

“Kind’s acquisition of Agrisoft Development Group’s seed-to-sale compliance software provides us with a critical platform and cutting-edge seed-to-banking solution for the cannabis industry,” Kind Chief Executive David Dinenberg said in a press release announcing the deal.

The two companies will be combined and Agrisoft’s executive team will remain on board. Financial terms were not disclosed.

Kind has raised about $2 million in investment capital, with one of the firm’s biggest backers being Lindy Snider, daughter of Philadelphia Flyers owner Ed Snider.


Disney Tops $1 Billion in Record Time

The hits keep coming this year for Walt Disney Co. The company announced Thursday it had crossed the $1 billion mark for the domestic box office in record time.

The new record – 174 days – eclipsed the previous record, also held by Disney, of 188 days set three years ago.

“From reimagined classics to massive superhero adventures to original emotional stories, all of our brands have delivered top-notch storytelling this year,” Dave Hollis, Disney’s executive vice president of theatrical exhibition sales and distribution, said in a statement. “We’re pleased that audiences across the country have embraced our films and are seeing them the way they were meant to be seen on the big screen.”

This is the 10th consecutive year the studio has beaten the billion-dollar mark, according to Disney officials. Some Disney films that have helped put the company over the top this year are Marvel’s “Avengers: Age of Ultron,” “Cinderella” and Disney-Pixar’s “Inside Out.”

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