Sunday, August 09, 2015 9:34:30 PM
Jun 30, 2015
http://www.otcmarkets.com/stock/SMVR/news/SMART-VENTURES-AANOUNCES-SIGNIFICANT-GROWTH-PLANS?id=108556&b=y
Financial Reporting/Disclosure
Reporting Status Dark: Alternative Reporting Standard
Deregistered a/o Dec 15, 2011
Latest Report Mar 31, 2015 Quarterly Report
362,626,280 shares of Common Stock as of March 19, 2015.
Common stock, $.001 par value; 1,500,000,000 shares authorized
362,626,280 common shares issued and outstanding at March 19, 2015
Total Liabilities and Stockholders' Equity (Deficit) $10,216,192
We also expect to generate revenues from a diversified portfolio of cannabis investments. Smart Ventures subsidiary Cannabis Funding Group, LP has made investment in The Green Fund Holding Company and Something Edible, Inc. a cannabis infused chocolates business through issuance of equity and debt to acquire a royalty interest in these companies.
The Company subsidiary Cannabis Funding Group, Inc. is also seeking a $10 Million capital raise for investments in Cannabis Related businesses. Cannabis Funding Group, LP issued 65 Limited Partnership units in exchange for $65,000 cash invested for foundation expenses paid. The company has been in negotiations with an institutional investor to provide a $3,000,000 equity line of credit to fund growth opportunities for the company.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=139027
On or about March 15, 2015 Smart Ventures, Inc. and its wholly owned subsidiary Cannabis Funding Group acquired 9.99% equity stake in GCHI Green Company Holdings, Inc. (“The Green Fund”) through an asset purchase agreement.
On or about March 15, 2015 Smart Ventures, Inc. and its wholly owned subsidiary Cannabis Funding Group acquired 9.99% equity stake in GCHI Green Company Holdings, Inc. (“The Green Fund”). SMVR issued 40,000,000 restricted common shares and a $250,000 convertible promissory note. Cannabis Funding Group, LP issued 1,000 Limited Partnership units to GCHI Green Company Holdings, Inc. (“The Green Fund”) in exchange for $1,000,000 equity in GCHI Green Company Holdings, Inc.
On or about April 24, 2015 Smart Ventures, Inc. and its wholly owned subsidiary Cannabis Funding
Group issued 100 LP units @$1,000 per unit valued @$100,000 in exchange for 2.5% royalty
Payments for 5 years and issued a convertible note with a 60 day maturity in exchange for 9.9% equity common shares plus 1 warrant per share exercisable @1.00 within 4 months, expiring 2 year in Something Edibles, Inc. a California Cannabis Infused Chocolates Manufacturer.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=139027
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