Smart Ventures, Inc. Announces $10 Million Capital Raise for Its Subsidiary Cannabis Funding Group, LP.
Jan 09, 2015
OTC Disclosure & News Service
Houston, TX -
Houston, Texas, January 09, 2015 SMART VENTURES, INC. (SMVR: OTC)
Smart Ventures, Inc. Announces $10 Million Capital Raise for Its Subsidiary Cannabis Funding Group, LP.
Company to raise $10 Million for its private equity fund to invest in medical marijuana industry!
Smart Ventures, Inc.is pleased to announce that the Company has restructured its fund raise to launch its private placement capital raise from $100 Million to $10 Million for investment in private and public medical marijuana companies. After visiting with institutional investors we have learned with the rest of the marijuana industry that institutional investors are not going to invest in this space until Federal regulators change the law. We revised our offering to allow accredited investors to get in with $10,000 minimum investment @ $1,000 per LP unit.
We have listened to advisors and investors, who indicate this is the price the investment community is willing to accept. Smart Ventures board agreed to guarantee the debt with full recourse and agree that in the event of default the limited partnership units can be converted to common shares at a 10 to 1 ratio meaning 10 shares for every dollar invested.
We are confident that we can build a successful venture with our cannabis private equity fund subsidiary. We have not made any direct investments in partners yet, but hope to soon. (This appears as a matter of record only, the offering is made only thorough prospectus and to accredited investors only.)
The fund’s Investment Criteria into cannabis businesses is simple:
Minimum Investment: We invest $50,000 and up.
Investment Type: Equity/Debt
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 States 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, seizures and this has championed my commitment to the cause, says Roger Smith, CEO. “
About Cannabis Funding Group
Cannabis Funding Group, LP a Texas Limited Partnership 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.cannabisfundinggrouplp.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 and specialty chemicals distribution. www.smartventuresinc.us
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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.
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Media Relations: Roger Smith
Contact: (832) 717-4412
Email: Roger@smartventuresinc.us
Website: www.smartventuresinc.us www.cannabisfundinggrouplp.com
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