SOURCE: Smart Ventures

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 - March 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

 

 

SOURCE: Smart Ventures, Inc.