$SMVR Cannabis news today Houston, Texas, April 2
Post# of 98044
Houston, Texas, April 27, 2015 –SMART VENTURES, INC. (SMVR: OTC)
SMART VENTURES AND CANNABIS FUNDING GROUP ANNOUNCE
INVESTMENT IN CANNABIS INFUSED CHOCOLATE EDIBLES
SMART VENTURES, INC is pleased to announce its portfolio investment in Something Chocolate, Inc. SOMETHING CHOCOLATE® is an innovative gourmet boxed chocolate product for the medical cannabis market. Combining the finest Belgian chocolate, all-natural ingredients, amazing taste, fun music themes, and cannabis, Something Chocolate® is the newest, most exciting entry into the edible market. Featuring flavorful assortments along a variety of musical themes, genres, and eras, Something Chocolate® delivers the most delicious, engaging experience in the edibles category. We feature colorful and collectible packaging, iconic imagery, great music themes, and superior chocolate taste and cannabis experience that makes Something Chocolate® the coolest, most innovative entry in the edible market. We were happy to partner with the founder Mitchell Koulouris, who also runs a very successful gourmet chocolate Candy Company.
Something Chocolate is based in California where its production and distribution will begin in the MMJ edibles space. Cannabis Funding Group, LP and Smart Ventures, Inc. made a combined investment of $300,000 in the new venture in exchange for 9.9% equity ownership with 1 warrant per share and 2.5% royalty from net cash. We expect this to be a successful brand, building upon the success our partner has made in the conventional gourmet chocolate space. View the Something Chocolate product design tear sheet: https://www.dropbox.com/s/d6shdlpo176ens1/Som...4.pdf?dl=0
“We are very excited about our new portfolio investment keeping with our plans for growth in the legalized medical cannabis space. We have every confidence in the management team of Something Chocolate, say Roger AT Smith, CEO.”
About Cannabis Funding Group
Cannabis Funding Group, LP a Texas Limited Partnership is a wholly owned subsidiary of Smart Ventures, Inc. CFG is a strategic investment partner for entrepreneurs in a diversified range of cannabis related businesses. We form joint ventures with partners seeking growth capital to start, develop and grow their business. We have strategic partners to help cannabis related businesses go public if public exposure and access to capital beyond our initial investment is what you need. We form partnerships with management teams that have a clear direction and plan for entering or growing in the cannabis industry. We assist our partners with startup cost such as licensing fees and initial equipment/inventory cost associated with starting a business in legalized States. Our goal is not to take control or run our partners business, but to help our portfolio partners grow and build shareholder value through diversified revenue streams and great return on investment. www.cannabisfundinggrouplp.com
A copy of the prospectus can be viewed on the company website or via the following links: Cannabis Funding Group Deck and Cannabis Funding PPM (This appears as a matter of record only, not a direct solicitation for investment).
About Smart Ventures
Smart Ventures, Inc. is an independent energy company engaged in engineering extended reach drilling services, acquisition, EPC, development, production, and exploration of oil, gas and mining minerals internationally. We have diversified our products offerings into the specialty chemical market, armored vehicles and the legalized Cannabis market.
www.smartventuresinc.us www.cannabisfundinggrouplp.com