Strategic Global Investments, Inc. Finalizes Agreement to Purchase Bearpot, Inc.; Controlling Company of Colorado Marijuana Cultivation Facility
Company Acquires Bearpot Inc., to Function as Wholly Owned Subsidiary and Incubator for the Development of All Canadian and Domestic Marijuana Projects
CARLSBAD, CA--(Marketwired - Feb 20, 2014) - Strategic Global Investments, Inc. (OTC Pink: STBV) is pleased to announce that the Company has completed negotiations, and has signed an agreement for the purchase of Bearpot, Inc., controlling entity of an existing Marijuana Growing facility located in Teller County, Colorado.
As a subsidiary of Strategic Global Inc., Bearpot, Inc. will function as the marijuana incubation and development sector of the Company. The transaction brings existing equipment and inventory; creating a successful model that the Company can duplicate as legalization continues to spread and markets continue to open nationwide and in Canada.
As recently announced Strategic Global's plan of action is to expand and renovate the cultivation process with new state-of-the-art equipment in an effort to capitalize on the recent legalization and resulting high demand of cannabis in the state of Colorado.
"We are very excited to have the platform for this sector in place. It is important that as we enter this marketplace, that all factors are considered to ensure a proper entrance. Our plans underway currently involve an active search for compatible Marijuana related businesses in Canada and the US," stated Andrew Fellner, President/CEO of Strategic Global Investments.
The Company has evaluated the industry and expects to be able to yield a harvest and generate revenues from the sale of plants by the 4th Quarter of this year. Colorado began allowing the sale of recreational marijuana on January 1; consequently the Company will be set to market quality product to an already existing client base as well as new clients. Due to recent relaxation of regulation on Cannabis, an influx of new consumers continues to grow, revealing a lucrative opportunity for the Company, whereas marijuana dispensaries will have to continually keep up with the rising demand for high quality marijuana.
About Strategic Global Investments: Strategic Global Investments is a company engaged in providing its customers with various venues to reach their target audience with on demand programming or advertising through Wazillo.com and WazilloMedia.com. WazilloMedia.com is involved in the production of videos for customers and consumers permitting the use of the Company's state of the art studios to produce their own videos and the use of a website where subscribers can make available live, streaming video for their potential audience. The Company produces Internet content, taped video shows, in their state-of-the-art studios in San Diego, California, where the productions can be stored and replayed on Demand 24/7 through the Company's cutting edge Content Management System. For more information visit our website at: www.strategicglobalinvestments.com
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Media Relations Andrew Fellner 760-685-7171 Website: http://www.strategicglobalinvestments.net/ E-mail: Andy@wazillo.com
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