Smart Ventures, Inc. Enters Joint Venture Agreement With Mobile Vending for Cannabis
24 Marzo 2014 - 2:15PM
Marketwired
Smart Ventures, Inc. Enters Joint Venture Agreement With Mobile
Vending for Cannabis
HOUSTON, TX--(Marketwired - Mar 24, 2014) - SMART VENTURES, INC.
(OTC Pink: SMVR) (PINKSHEETS: SMVR) is pleased to announce that the
Company has signed a joint venture agreement with Mobile Vending,
Inc. a California vending company which has distribution channels,
manufacturers for medical marijuana vending dispensaries in
California and Colorado. The Company's intention is to expand
and renovate the distribution process with new State-of-the-art
equipment and advanced manufacturing techniques in an effort to
capitalize on the recent legalization and resulting high demand of
cannabis in the state of Colorado.
The joint venture will also seek to develop kiosk payment
solutions with biometric identity technology for payment processing
in States licensed to retail medical marijuana. The kiosk will
accept cashless payments such as credit cards, mobile payments and
other electronic wallet payments to alleviate cash payment stress
placed on cannabis retailers. The joint venture formed a Colorado
Corporation known as "Cannabis Funding Group, Inc." which is now a
wholly owned subsidiary of Smart Ventures, Inc.
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 can 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.cannabisfundinggroup.net
About Mobile Vending, Inc.
Mobile Vending Services, Inc., a joint venture partner
located in the State of California in the mobile vending machine
space with distribution channels, manufacturers for medical
marijuana vending dispensaries and edible cannabis vending
capabilities. Mobile Vending also has introduced a cashless kiosk
vending technology as part of the joint venture for the cannabis
market. www.coinlessvending.com
About Smart Ventures
Smart Ventures, Inc. is an independent energy company engaged in
engineering extended reach drilling services, acquisition,
development, production, and exploration of oil, gas and minerals
internationally. Smart Ventures is now looking at other strategic
investments to grow revenue such as the Cannabis industry. To learn
more about the Company, visit: www.smartventuresinc.com
www.sandaydrilling.com
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 and www.sandaydrilling.com
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