SMART VENTURES AND CANNABIS FUNDING GROUP ANNOUNCES CANNABIS PORTFOLIO ACQUISITION
March 13 2015 - 10:00AM
InvestorsHub NewsWire
SMART VENTURES, INC. (SMVR:
OTC) AND CANNABIS FUNDING GROUP ANNOUNCES
CANNABIS PORTFOLIO ACQUISITION
Houston, TX -- March 13, 2015 -- InvestorsHub NewsWire
--
Smart Ventures,
Inc. and its wholly owned subsidiary
Cannabis Funding Group, LP is pleased to
announce its
portfolio acquisition in GCHI Green Company
Holdings, Inc. (The Green Fund and its subsidiary
companies).
The transaction
provides for the issuance 40,000,000 restricted common shares
of Smart Ventures, Inc. and a convertible promissory note in the
amount of $250,000 and $1,000,000 in Cannabis Funding Group, Inc.
Limited Partnership Interests to The Green Fund in exchange for the
issuance of 1,450,000 common shares @ $1.00 per share for a 9.99%
equity stake of The Green Fund.
Smart Ventures and
Cannabis Funding Group will receive 50% of the revenue generated by
GCHI Green Company Holdings, Inc. (The Green Fund and its
subsidiary companies). This is a significant investment for
the portfolio of Cannabis Funding Group, because the company brings
considerable assets, including intellectual property though its
cannabis payment processing service, cannabis marketing, and green
energy. The combined management team brings a wealth of
experience and opportunities for synergistic growth. The
transaction is scheduled to close by March 31, 2015.
The companies will
work together to raise additional funding through Cannabis Funding
Group LP for its projects and look to increase shareholder value
for both companies.
“We are
pleased to have negotiated such a significant asset purchase for
our cannabis portfolio which brings value to our shareholders. We
are excited to work with such a first class management team with so
many synergies, says Roger AT Smith, CEO.”
About The
Green Fund
The Green
Fund is a holding company with a
diversified portfolio in the Emerging Hemp and Medical Marijuana
companies with a diversification in green energy.
www.TheGreenFund.us www.HempMarketWatch.com www.CannabisPaymentServices.com
www.420CannabisMall.com www.MyWeedSeeds.com www.HotLinxNetwork.com
About Smart
Ventures
Smart
Ventures, Inc. is an independent energy
company engaged in engineering extended reach drilling services,
acquisition, EPC, development, production, and exploration of oil,
gas and mining minerals internationally. We have diversified our
products offerings into the specialty chemical market, armored
vehicles and the legalized Cannabis market.
www.smartventuresinc.us www.cannabisfundinggrouplp.com
www.sandaydrilling.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
Contact: (832) 717-4412
Email: Roger@smartventuresinc.us
Websites: www.smartventuresinc.us
www.cannabisfundinggrouplp.com
www.sandaydrilling.com
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