Breaking News - CannaBusiness Group, Inc. (OTC: CBGI) -
April 14, 2014
The CannaBusiness Group, Inc. CEO Discusses and Files 1st
Quarter Disclosure Statement
Mission Viejo, Ca. (April 8, 2014) The CannaBusiness Group, Inc. (OTC:
CBGI) Irvine, Ca.-
April14, 2014 founded in 1985 and is headquartered in Irvine, 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. Also,
CBGI focuses on acquisition of businesses such as wholesale ancillary products
and security businesses in the legal medical marijuana
industry.
Michael Cummings, CEO of The CannaBusiness Group, Inc. stated, "I am very
excited about the 1st quarter financials, I know our revenues numbers are not
the level at which I would expect at this point however, with many new clients
opening up facilities in new markets daily and our plans to hire more sales
staff throughout the country will only increase our year end financials. CBGI is
in the growth stage of our company and spending money on advertising, acquiring
inventory, attending trade shows and building a strong and viable sales team. We
will continue to search for areas to improve within CBGI and continue to
increase our revenues as well as profits."
The legal medical marijuana industry is among the fastest growing and was one of
the most resilient markets since the 2013 market boom, experiencing impressive
growth during this entire period. This strong and rapid market growth is
forecasted by experts to continue for years to come, due to continued and
growing legalization at the State levels. In addition, this industry is expected
to exceed $8.2 billion by 2018 according to the most recent forecasts.
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.
The CannaBusiness Group, Inc. adheres to all federal laws and does not sell
marijuana at any dispensaries and/or a grow operations..
Stay up-to-date with current events by joining The CannaBusiness Group, Inc.
E-Mail Alert List. Join by going to the following: www.thecannabusinessgroup.com
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: (949) 936-2595
Email: investor@thecannabusinessgroup.com
SOURCE: CannaBusiness Group, Inc.
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