Last month Diageo Beverage company cut ties with Sean 'Diddy' Combs after Diddy accused them of discriminating against his liquor brands in terms of marketing [click here if you missed that].
In another blow to Diddy's business portfolio a $185 million deal to purchase a national cannabis company just fell through...
From TMZ
Sources with direct knowledge tell us Diddy waited in the wings as Cresco Labs and Columbia Care planned their proposed merger that was agreed upon last year.
However, we're told the shareholders never reached an agreement, and Diddy's deal was terminated earlier this week as a consequence. Diddy's team tells us he and his Combs Global empire still have a vested interest in pursuing opportunities to diversify the cannabis industry ... they just have to find the perfect fit.
The move would've made Diddy the owner of 9 stores throughout New York, Massachusetts and Illinois, with each having its own production facility ... effectively making him the biggest Black cannabis business owner.
17 comments:
Who here know the countdown already began for the Hip Hop Serial K*ller.
Diddy is a shrewd business man but he has to temper his ego. These billionaires don't need him or his access to the black community market. He needs to humble himself and his business approach to new ventures. Yes, we already know these companies are racists and discriminate against black ppl, which is why you have to humble yourself until you reach a greater level of success and support. The international community already views black Americans as lazy and entitled, stop proving their point and get a better team in place that knows how to build and establish relationships with companies and partners that can be beneficial to your ventures long-term
He a Pusherman straight up. Liquor and drugs to his people in our community. Go sell drugs in the Jewish community diddy.
Y'all's favorite celebrities love making money off of getting you high, keeping you drunk and smelling like they want you to smell, while wearing their clothes & shoes and eating their food. They probably don't consume any of that stuff.
We don't need anymore of his long term ventures. He's done enough shucking, jiving and hit man hiring (ask Big & Pac). He needs to saddown somewhere and go raise the mixed baby he been wanting so bad all these years.
@9:44am. I totally agree
Vote or Die
@9:44
@9:44 ......was on point I watched Shawn Carter go from the quietest guy in the room the least articulate guy in the room who struggled with expressing his thoughts on topics in a way fitting outside of his circle and now he is the one of the biggest if not the biggest voice in the room and when you see him taking the baby steps to bridge to making big moves that work in his interest more so than being a part of a group play to just bring it some star power and traction with the populous. Witnessed the same transformation with Magic Johnson but as much as I hate to I have to call a spade a spade Puff seems to be doing the Trump thing and thinking he is at the same tier in the pecking order in all deals he gets involved in as he is in his world, in his world he is the biggest thing since sliced bread surrounded by capable people who live because of the chance or oppurtunity he gave them as his circle expands business wise he will have to work his way in by playing the edges and absorbing and learning until he can find new ventures to apply that new knowledge to ventures that are more in his interest than just be an included member in groups to be a extremely group member to give the project a Black face and some street cred. That is not saying he is being used but smart business is smart business he is the biggest hype man in the world and comes with populous appeal, street cred, and it is a win -win because he has capital to inject versus using a venture cap fund or bank financing which only bring the money he brings but nothing else.
Diddy need to go straight to the streets with this. Put them Nickel and dime bags on the street again. On another note. I still get my weed from the weed man down the street. I’m not trusting a dispensary. They put chemicals in the smoke.
@12:48 you must have gone to an illegal dispensary cause out here in California the flower from the dispensaries are throughly tested and the safest!! The “street weed” as you call it is more vulnerable to being tainted with chemicals and or Fentanyl 😤
@10:35am, That comment is deep
12:31 I have a headache now. Thanks
He gonna figure it out. It ain’t like he lost his money. Diddy look like the WEED MAN. ALWAYS GOT BROWN LIPS. YEAH he puffing. Aww snap.Puff Daddy. I’m slow.
Puff wanna be the weed man.
DIddy, lost a BIG BAG>>$60 million dollar a year income from Diageo. Spirits giant Diageo said it’s severing a partnership of 15 years with Sean “Diddy” Combs, who helped grow the company’s then-struggling Ciroc label as a brand ambassador and joint-venture partner.
The company said in a statement on Tuesday that Combs has “repeatedly undermined our partnerships and threatened to publicly defame Diageo if we did not meet his unreasonable financial demands.”
“We tried for years to salvage the broken relationship with Mr. Combs,” added the company. “We funded the purchase of DeLeón for the joint venture and proceeded to invest more than $100 million to grow the brand. Despite having made nearly a billion dollars over the course of our 15-year relationship, Mr. Combs contributed a total of $1,000 and refused to honor his commitments.”
Wish He would give Us an Update on His Divine Mission to “save the Black race” and Change The World. Almost Been A Year Since He Announced It.
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