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.
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, 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:
Investor Relations
The CannaBusiness Group, Inc.
Phone: (949) 936-2595
Email: info@thecannabusinessgroup.com
SOURCE The CannaBusiness Group, Inc.