*** COBI NEWS 11-25-2018 ***
Cannabis Real Estate Investment Firm BANGI Moves Rapidly to Put Recently Acquired COBI in Good Standing
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Published: Nov 25, 2018 3:53 p.m. ET
LAS VEGAS, Nov. 25, 2018 /PRNewswire/ -- Formerly known as Compass Biotechnologies (stock symbol otcmrkt:COBI), BANGI is moving swiftly to execute its first order of business - paying off COBI's outstanding regulation fees which include its state registration and transfer agent fees, as well as making compliant its financial reporting with OTC Markets.
In addition, the Company will legally change its name to BANGI (pronounced bon-ghee) with the Nevada Secretary of State.
The Company has kept former CEO Rick Shykora on board as its Interim CEO. "I'm ecstatic to see BANGI management take the first step towards making the Company compliant and more transparent. The marijuana penny stock industry has been riddled with the exact opposite, so it's refreshing to see this team take governance seriously," said Shykora.
BANGI is a diversified investment vehicle that acquires and leases specialized real estate assets, such as cannabis farms. The entity is focusing on the lack of real estate funding in the cannabis industry. Federal regulations on cannabis have prevented federally insured banks from financing cannabis companies, which leaves an enormous opportunity for alternative solutions. BANGI is prepared to meet this opportunity with a formula for success.
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