MISSION VIEJO, California , February 21, 2014 /PRNewswire/ --
The CannaBusiness Group, Inc (OTC: CBGI) is a company vested as a strategic real estate acquisition, leasing, and management firm whose primary focus is on zoning issues. We acquire commercial property or land, and lease out the facilities for Agricultural, Industrial, Commercial and Retail.
The CannaBusiness Group, Inc. manages a portfolio of properties that it acquires and leases. We provide oversight on each and every property we manage. This can include complete architectural design and subsequent build-outs, general support, landscaping, general up-keep, and state of the art security systems.
We have developed an acquisition plan to acquire companies that sell products and services to include Security Services, E-Commerce Store Fronts for both Grow and Dispensary operations; Technology Solutions; Software Solutions; and miscellaneous solutions.
Dear Valued CannaBusiness Group Shareholder,
I want to personally thank you for being a CannaBusiness Group, Inc. shareholder. We are excited about and look forward to the future of our Company in 2014 and beyond. I would like to outline some of the events from 2014 and our plans for the coming future.
We changed the trading symbol and name to (OTC: CBGI) the CannaBusiness Group, Inc.
2 for1 stock dividends were completed.
CBGI will continue filing disclosure statements along with financials. And stay current with the OTC Markets.
CBGI is working on becoming a fully reporting company however, this will take some time.
We are in the process of looking for experienced and talented Board of Directors.
In the interviewing stage of hiring a COO and CFO
Negotiating a new lease for a company Headquarters
CBGI is in discussions with realtors for property and business owners for acquisitions.
Muscle Warfare, Inc, Fizogen and Cibexo all owned and operated by the past CEO Daniel Amato has been reversed out of the CannaBusiness Group, Inc and all past agreements rescinded along with the resignation of Daniel Amato .
The CannaBusiness Group, Inc. is in process of releasing investor information for 506 Capital Raise.
Future Goals and Vision
The CannaBusiness Group team is focused on continuing to find great opportunities on property and acquire companies that meet our business plan. The management has gained many years of experience acquiring and operating start-ups and distressed companies. The CEO is a well-recognized leader in the operations of micro-cap companies and consulting.
Our growth goals are to quickly become a globally recognized brand and leader in the medical marijuana industry. Additionally, our focus is to have substantial and continually increasing presence in North America . National growth plans, which encompass gaining a substantial share in this expanding market has already been a strong objective. CBGI growth will come from acquisition of property and businesses that already have revenues; we will also design, operate and own new technology and businesses that CBGI starts.
We have a proprietary business plan to utilize proven industry tactics used by several notable competitors to obtain quick success in the market, with minimal investment. We plan to make efficient use of funds raised to quickly grow sales and profits substantially. We plan to use investment capital very wisely, limiting excessive salaries to employees, controlling operational costs by obtaining best possible terms and pricing from manufacturers, not overpaying and utilizing endorsements. Only specialized, use of select athletes to endorse our products will be considered and negotiated wisely. We are a business with a plan, not to burn through money, just simply use it in an efficient manner that only comes from years of insight, industry study and opportunity recognition. With proper funding, we anticipate to dramatically outperform both growth and profitability of similar companies in the space such.
Michael Cummings , CEO of The CannaBusiness Group, Inc., stated, "I am very excited about the year of 2014 that has just begun and look forward to the future years upon us. CannaBusiness Group is in the growth stage of our company and spending money on advertising, attending trade shows and building a strong and viable management team. We will continue to search for areas to improve within CBGI and continue to increase our revenues as well as profits."
According to Pew Research, 52 percent of people say marijuana should be legalized, compared to 12 percent in 1969. Pew Research said seventy-three percent of liberals favor legalization, and about half of conservative and moderate Democrats agree.
Commercial medical marijuana sales are estimated at $1.5 billion per year but are rapidly growing, according to Medical Marijuana Business Daily. Looking forward, projected sales are $3 billion in 2014 and $6 billion in 2016.
About The CannaBusiness Group, Inc
The CannaBusiness Group Inc. ("CBGI") founded in 1985 and is headquartered in Mission Viejo, California we are a publicly held company vested as a strategic real estate acquisition, leasing, and management firm whose primary focus is on zoning issues. We acquire commercial property or land, and lease out the facilities for Agricultural, Industrial, Commercial and Retail, whether small or large scale clients.
The CannaBusiness Group, Inc. manages a portfolio of properties that it acquires and leases. We provide oversight on each and every property we manage. This can include complete architectural design and subsequent build-outs, general support, landscaping, general up-keep, and state of the art security systems.
CBGI developed an acquisition plan to acquire companies that sell products and services to include Security Services, E-Commerce Store Fronts for both Grow and Dispensary operations; Technology Solutions; Software Solutions; and miscellaneous solutions.
Any and all acquisitions will be spun off into their own publicly traded company in the future, or may be acquired or merged into another 3rd party company. Once, CBGI and subsidiary management agree that a company is ready to go public, merge or be acquired our group of professionals will start working on the best option for that company.
Stay up-to-date with current events by joining The CannaBusiness Group, Inc. E-Mail Alert List. Join by going to the following: investor@thecannabusinessgroup.com
FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the marijuana industry; the positioning of The CannaBusiness Group, Inc. in the market; ability to integrate acquired property, companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors; and whether The CannaBusiness Group, Inc. can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.
Investor Contact Information:
Phone: (888) 391-9459
Email: investor@thecannabusinessgroup.com
SOURCE The CannaBusiness Group, Inc.
