|By PR Newswire||
|March 21, 2014 08:01 AM EDT||
IRVINE, California, March 21, 2014 /PRNewswire/ --
The CannaBusiness Group, Inc. (OTC: CBGI) locates Headquarters to a new location in Irvine, Ca. and releases power point presentation for investors that are interested with the companies 506 private placement memorandum. CBGI is in the process of raising $5,000,000 (five-million dollars), interested investors may look at our power point on the OTC Market and can call The CannaBusiness Group, Inc. regarding the PPM at the new phone number. http://www.thecannabusinessgroup.com
The CannaBusiness Group, Inc.'s new headquarters is located at 8105 Irvine Center Drive, Suite 900 Irvine Ca. 92618 and the new phone number is 949-936-2595. The fax number, e-mail address and website all remains the same.
The CannaBusiness Group 506 Information:
On September 23, the JOBS Act-mandated SEC rule permitting general solicitation and advertising of private offerings conducted under SEC Rules 506(c) and Rule 144A went into effect, opening a key door to capital for U.S. and global companies. Lifting the ban on transparency in private offerings will also aid in producing more efficient pricing for private and publicly-traded companies, as investors will be able to price in the performance of a private offering into a company's valuation. It could create a standard for more companies to share information in the public markets, creating a virtuous circle for issuers and investors. Companies that are providing insight into their business operations and financials for the first time may be inclined to continue providing ongoing news and disclosure, whether on their website or through a public disclosure service like OTC Markets Group's OTC Disclosure & News Service.
While general solicitation of Rule 506(c) offerings is now permitted, purchasers in a Rule 506(c) offering must be "accredited investors." The SEC defines the term "accredited investor" in Rule 501(a). Generally, individuals are considered accredited investors if they have a net worth greater than $1 million (excluding their primary residence) or incomes in excess of $200,000 in the last two years with the expectation of the same in the current year (or $300,000 with a spouse).
The CannaBusiness Group, Inc. CEO Michael Cummings stated, "Our new initiative to raise funds through a PPM is very exciting and we look forward to partnering with new investors. CBGI is raising the capital so, that we may proceed to the next step of our business plan and continue to market our company, attend trade shows and hire new staff. Also, with the funds it allows us the opportunity to acquire more property and businesses."
About The CannaBusiness Group, Inc (OTCPink: CBGI)
The CannaBusiness Group Inc. ("CBGI") 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.
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:
The CannaBusiness Group, Inc.
Email: [email protected]
SOURCE The CannaBusiness Group, Inc.
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