Canna Group, Inc. Announces Closing of Equity Financing Round

Canna Group, Inc. Raises Private Equity Round

10 Nov, 2015, 19:57 ET from Canna Group, Inc.

PLEASANTON, Calif., Nov. 10, 2015 /PRNewswire/ -- Canna Group, Inc., a privately-held company focused on the cannabis industry, announced today the closing of a round of equity financing.

The financing was comprised of individuals interested in participating in the expanding legal cannabis market. 

Funds will be used for expansion, opportunistic investments, and working capital.

"Securing this funding demonstrates the confidence in Canna Group, its team, and the industry," said Grant Rollin, Canna Group's Chairman and CFO.  "We are proud of our accomplishments and our pipeline of business confirms the confidence placed in us by investors."

About CannaGroup, Inc.

Canna Group, Inc. is a Delaware corporation that consults in the development of sound strategy, writes business plans, provides expert consultation in enterprise value grow facilities producing the highest quality cannabis available, prepares licensing applications, provides advice on management of dispensaries, offers in-depth educational courses, creates brands and licensing opportunities and offers proprietary industry-related software, invests in cannabis businesses, and generally mentors companies in the industry.  Canna Group, Inc. is also Co-Manager of the venture capital fund Sugar Leaf Capital I LLC.

SOURCE Canna Group, Inc.