IRVINE, Calif., April 14, 2014 /PRNewswire/ -- The CannaBusiness Group, Inc. (OTC: 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. 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.
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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, 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, 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.
Phone: (949) 936-2595
Email: [email protected]
SOURCE The CannaBusiness Group, Inc.