MISSION VIEJO, California, February 26, 2014 /PRNewswire/ --
The CannaBusiness Group, Inc ( CBGI ) announced today that it has acquired an ownership interest in NorCal Connection, LLC, which was formed as an E-Commerce and wholesale company to address the legal cannabis market for medical marijuana dispensaries and grow operations supplies.
The acquisition of ownership, consist of restricted common shares and funding for a new headquarters with office/warehouse space in the Vacaville, California area. Also, funding will be provided to update the e-commerce site, hire sales staff, update marketing materials, increase inventory and attend upcoming trade shows.
According to Jeff Jiron, President of The Norcal Connection LLC, " In addition to existing products, NorCal Connection will be adding new products to our offering, adding new sales staff, new marketing materials and attending more trade shows in the legal cannabis industry. I believe we can increase existing revenues by approximately 45-55% and become the dominant supplier of high quality medical marijuana packaging, dispensary and grow operation supplies. Mr. Jiron stated "that he is very excited to have NorCal Connection, LLC part of The CannaBusiness Group portfolio and looks forward to the future of both companies."
"We look forward to working with The NorCal Connection and I believe we have a company that can grow financially and have strategic locations around the country to provide excellent customer service in the medical marijuana industry," stated The CannaBusiness Group, Inc. CEO, Mr. Cummings. "We also believe our ability to commit to the cannabis business market leaders the means to finance their strategic expansion, assist with their management team and provide consolidation in their particular vertical sector in the near future."
About The NorCal Connection, LLC
The NorCal Connection, LLC is a privately owned Internet-based e-commerce and wholesale business which supplies medical marijuana dispensaries and grow operations storage containers, smell proof packaging and various other supplies. States which have legalized medical marijuana have State compliance standards set for both dispensaries and grow operations; The NorCal Connection meets or exceeds these standards with all supplies offered.
NorCal Connection launched in 2013 with a plan to be the dominant supplier and provide the best possible customer service in the Medical Marijuana Supply industry. Whether you order your supplies through the store front on the website, fax your order or call the office, we always try to get it shipped the same day via FedEx, UPS or by company delivery truck and don't be surprised if the President shows up to you your door with your order.
http://www.thenorcalconnection.com
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.
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FORWARD-LOOKING STATEMENT AND DISCLOSURE: 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 continuation of recent growth rates in the industry; the positioning of The CannaBusiness Group[SM], Inc. in the market; ability to integrate acquired properties 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 of operating systems; and whether The CannaBusiness Group [SM], Inc. can successfully execute their business plan. Actual results may differ materially from those contained in the forward-looking statements in this press release.
Investor Contact Information:
Investor Relations
The CannaBusiness Group, Inc.
Phone: +1-(888)-391-9459
Email: investor@thecannabusinessgroup.com
