Smart Ventures, Inc. Subsidiary Cannabis Funding Group LP Launches Its $100,000,000 Private Placement Capital Raise Campaign
02 July 2014 - 10:45PM
Marketwired
Smart Ventures, Inc. Subsidiary Cannabis Funding Group LP Launches
Its $100,000,000 Private Placement Capital Raise Campaign
HOUSTON, TX--(Marketwired - Jul 2, 2014) - SMART VENTURES, INC.
(OTC Pink: SMVR) (PINKSHEETS: SMVR) -- Smart Ventures, Inc.
announces that its much anticipated private placement capital raise
has begun. Cannabis Funding Group, LP is offering $100,000,000
limited partnership units to accredited investors and institutional
investors only. The offering size is 2,000 limited partnership
units @ $50,000 per unit for 5 year term with a targeted investment
per investor of $1 Million. Interested parties should contact the
fund manager for copy of the offering circular.
The Fund, Cannabis Funding Group, LP is a limited partnership
formed under the laws of the State of Texas. The Fund's parent
company is Smart Ventures, Inc. which owns 100% of the common stock
of Cannabis Funding Group, Inc. Cannabis Funding Group, Inc. owns
1% of Cannabis Funding Group, LP as General Partner and Smart
Ventures, Inc. owns 99% of the LP. Cannabis Funding Group, LP
will be selling limited partnership units which will
proportionately reduce the ownership of Smart Ventures to its
pro-rata ownership of the LP. The General Partner will receive
a 2% management fee and 20% performance fee.
This announcement appears as a matter of record only and is not
a solicitation or offer to sell the securities represented herein.
The securities are offered only to accredited investors and
institutional investors via written offering circular. These
securities are void where prohibited in any jurisdiction
internationally.
Cannabis Funding Group LP is headed by Mr. Marcel de Rushe who
has over 15 years of capital markets experience with a proven track
record of results-oriented performance. His career is highlighted
by Trading & Investment Management roles in both domestic and
international markets. Prior to joining Smart Ventures, Mr. de
Rushe served as director of an offshore trust company managing all
aspects of client investments. Previous roles also included
investment advisory positions at Bank of America-Merrill Lynch and
AIG, and voting member of a Strategy Committee for BBVA Bank. Mr.
de Rushe also has experience with startups, VC funding and
established relationships with institutional investors. Mr. de
Rushe holds a BA in Economics from University of Massachusetts at
Amherst with concentration in finance.
"We are excited to finally get the fund capital raise in
front of investors who have been waiting for an opportunity to
diversify their investment into cannabis related businesses,
managed by a professional money manager," said Roger Smith,
CEO.
About Smart Ventures
Smart Ventures, Inc. is an independent energy company engaged in
engineering extended reach drilling services, acquisition,
development, production, and exploration of oil, gas and minerals
internationally. We also formed a midstream transportation division
with a fleet of trucks. We began to offer a diverse range of
armored vehicles which compliments out midstream transportation
division. www.sandaydrilling.com www.smartventuresinc.us
About Cannabis Funding Group
Cannabis Funding Group, Inc. a Colorado corporation is a wholly
owned subsidiary of Smart Ventures, Inc. Cannabis Funding Group, LP
is a Texas Limited Partnership. CFG is a strategic investment
partner for entrepreneurs in a diversified range of cannabis
related businesses. www.cannabisfundinggrouplp.com
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 Marcel DeRushe Fund Manager
800-320-9620 ext 100 mdr@cannabisfundinggrouplp.com
Websites: www.cannabisfundinggrouplp.com www.sandaydrilling.com
www.smartventuresinc.us
Smart Ventures (CE) (USOTC:SMVR)
Historical Stock Chart
From Nov 2024 to Dec 2024
Smart Ventures (CE) (USOTC:SMVR)
Historical Stock Chart
From Dec 2023 to Dec 2024
