Replies to post #23762 on Strategic Global Investments, Inc. (STBV)

[roiresearch]

March 3, 2014

It's anticipated that Strategic Global will be in position to close on several of the impending Media and Marijuana related transactions within the next 30 to 60 days.

Bearpot was a pleasant addition to STBV. Wonder what MJ company is next? tic toc, one MJ acquisition is nice, but 2 or more is better.

[420man]

I love people that make a habit of quoting fellow posters. As the Feb 25th PR states:
Quote:
BearPot is a newly formed entity to insure that it carried no debt or liability as a subsidiary of Strategic Global. The subsidiary was created to take the equipment and plant inventory that was part of the initial purchase.

They cannot take the equipment and plant inventory without a LICENSE!!

Sec. 6-1-340. Transfer of license.
(a) No license may be transferred from one (1) person to another. Any change of ownership of a
licensed business or activity shall require a new application and license with payment of fees
according to the provisions pertaining to that particular kind of license.


https://www.springsgov.com/units/cityclerk/clerkdocs/getdoc.asp?DocID=31216&Show

Licensing Information
The Marijuana Enforcement Division (MED) is responsible for the regulation of both the Medical and Retail Marijuana industries, each of which have separate and distinct statute and rules under which they operate. Both industries were legalized by popular vote supporting an Amendment to the Colorado Constitution allowing the use of marijuana within the confines of the State of Colorado.

In order to participate in either industry you must first submit an application for a MED Business License specific to the industry within which you wish to operate. Under current statute*, only those individuals that own a Medical Marijuana facility in Good Standing may submit an application for a Retail Marijuana Business License - this requirement will sunset on July 1, 2014.

*12-43.4-104 Applicability
On or after October 1, 2013, a person who is operating in Good Standing a Licensed Medical Marijuana Center, an Optional Premises Cultivation License, or a Licensed Medical Marijuana-Infused Products Business or a person who had a pending application with the State Licensing Authority prior to December 10, 2012, has paid all applicable licensing fees, and has not yet had that application approved, may apply for a Retail Marijuana Establishment License under this article.