The web domain just sold for Sh17.8 million


The owners of the website have scored a big payday with the outbreak of the epidemic, selling the domain for more than $200,000 (Sh17.8 million) in cash and stock.

The deal highlights the rewards and risk of industry trading and speculating in domain names that see high interest after news events.

According to a securities filing, the buyer was a Russian-registered firm called Weed Growth Fund, previously known as Ovation Research.

The Oct. 20 filing said the price was $50,000 cash and 19,192 shares of Cannabis Sativa, which promotes medical uses for marijuana. Those shares are worth close to $170,000.

The reasons for the sale were not clear, but Cannabis Sativa chief and former New Mexico Gov. Gary Johnson has publicly said he thinks marijuana may be used to treat the deadly disease.

The seller was Nevada-based Blue String Ventures, which describes itself as an “Internet real estate investment and branding” company.

“If you are looking for a great name for your company, there’s an excellent chance we can help,” the company says on its website.

Some of its holdings have included, and

The website contains articles offering facts and frequently asked questions about the disease, which has infected almost 10,000 people worldwide, killing nearly 4,900.

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