Smart Ventures, Inc. Announces $100 Million Capital Raise for Its Subsidiary Cannabis Funding Group, Inc.
29 March 2014 - 1:15AM
Marketwired
Smart Ventures, Inc. Announces $100 Million Capital Raise for Its
Subsidiary Cannabis Funding Group, Inc.
Company to Raise a $100 Million for Its Private Equity Fund in
Invest in Medical Marijuana Industry
HOUSTON, TX--(Marketwired - Mar 28, 2014) - SMART
VENTURES, INC. (OTC Pink: SMVR) (PINKSHEETS: SMVR)
Smart Ventures, Inc. is pleased to announce that the Company has
hired a veteran fund manager to launch its initial private
placement capital raise of $100 Million for investment in private
and public medical marijuana companies. The fund is beginning to
receive initial commitments from its LP's and is starting to issue
commitments for funding new portfolio companies.
The fund's Investment Criteria into cannabis businesses is
simple:
Minimum Investment: We invest $50,000 and up.
Investment Type: Equity
Early or Late Stage Company
Cannabis Industry Investment Only: Medical marijuana retail
outlets, edibles, vaporizer oil & pens, cannabis tracking
technology, payment processing, vending machines, production
equipment, real estate related to cannabis markets and any other
service related to this industry.
Geographical: Partners located or doing business in a legalized
medical marijuana state, in the United States or Canada.
"We are excited about the diversification into the private
equity space for the medical marijuana industry. As a cancer
survivor, I strongly support the initiatives going on in the
country to legalize medical marijuana to relieve the suffering and
pain for so many medical illnesses such as cancer, Alzheimer's and
seizures and this has championed the cause for me," says Roger
Smith, CEO.
About Cannabis Funding Group
Cannabis Funding Group, Inc. a Colorado corporation is a wholly
owned subsidiary of Smart Ventures, Inc. CFG is a strategic
investment partner for entrepreneurs in a diversified range of
cannabis related businesses. We form joint ventures with partners
seeking growth capital to start, develop and grow their business.
We have strategic partners to help cannabis related businesses go
public if public exposure and access to capital beyond our initial
investment is what you need. We form partnerships with management
teams that have a clear direction and plan for entering or growing
in the cannabis industry. We assist our partners with startup cost
such as licensing fees and initial equipment/inventory cost
associated with starting a business in legalized States. Our goal
is not to take control or run our partners business, but to help
our portfolio partners grow and build shareholder value through
diversified revenue streams and great return on investment.
www.smartventuresinc.com
About Smart Ventures Smart Ventures, Inc. is a strategic
investments growth partner in the Cannabis industry. Smart Ventures
is also an independent energy company engaged in engineering
extended reach drilling services, acquisition, development,
production, and exploration of oil, gas and minerals
internationally.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that
involve a number of risks and uncertainties. Forward-looking
statements generally can be identified by the use of
forward-looking terminology such as "believes," "expects," "may,"
"will," "intends, "plans," "should," "seeks," "pro forma,"
"anticipates," "estimates," "continues," or other variations
thereof (including their use in the negative), or by discussions of
strategies, plans or intentions. A number of factors could
cause results to differ materially from those anticipated by such
forward-looking statements, including those discussed under "Risk
Factors" and "Our Business." Forward-looking statements are subject
to known and unknown risks and uncertainties and are based on
potentially inaccurate assumptions that could cause actual results
to differ materially from those expected or implied by the
forward-looking statements. Our actual results could differ
materially from those anticipated in the forward-looking statements
for many reasons.
Safe Harbor: This release includes forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 27E of the Securities Act of 1934. Statements contained in
this release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and
regulatory and shareholder approval for anticipated actions.
Media Relations: Roger Smith Contact: (832) 717-4412 Email:
management@smartventuresinc.com or info@sandaydrilling.com Website:
www.smartventuresinc.com www.cannabisfundinggroup.net
www.sandaydrilling.com
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