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SOURCE The CannaBusiness Group, Inc.
IRVINE, Calif., June 10, 2014 /PRNewswire/ -- The common stock of The CannaBusiness Group, Inc. (OTC: CBGI) resumed trading May 21, 2014. On May 7, 2014 the Securities and Exchange Commission temporarily stopped trading in the Company's common stock. The SEC's reason for the stop trading order was that "It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Cannabusiness Group, Inc. because of questions regarding the accuracy of publicly available information about the company's operations. Since, there was no notification from the SEC prior to the trading suspension nor a reason, CBGI could not answer or respond to shareholder questions. CBGI knows many of our shareholders feel like they are in the dark and unsure of what happens next, as we get information we will disclose it to the best of our ability.
Michael Cummings, CEO stated "during the suspension and as of today CBGI subsidiaries continue to operate as usual. Company legal counsel is in contact with the SEC, and CBGI will continue to voluntarily cooperate with the SEC until we get a complete understanding of their concerns, from this point we will have no further comments on these matters."
About The CannaBusiness Group, Inc.
The CannaBusiness Group Inc. ("CBGI") founded in 1985 and is headquartered in Irvine, California we are a publicly held company vested as a strategic real estate acquisition, leasing, and management firm whose primary focus is on zoning issues. We acquire commercial property or land, and lease out the facilities for Agricultural, Industrial, Commercial and Retail, whether small or large scale clients.
The CannaBusiness Group, Inc. manages a portfolio of properties that it acquires and leases. We provide oversight on each and every property we manage. This can include complete architectural design and subsequent build-outs, general support, landscaping, general up-keep, and state of the art security systems.
CBGI developed an acquisition plan to acquire companies that sell products and services to include Security Services, E-Commerce Store Fronts for both Grow and Dispensary operations; Technology Solutions; Software Solutions; and miscellaneous solutions.
Any and all acquisitions will be spun off into their own publicly traded company in the future, or may be acquired or merged into another 3rd party company. Once, CBGI and subsidiary management agree that a company is ready to go public, merge or be acquired our group of professionals will start working on the best option for that company.
The CannaBusiness Group, Inc. adheres to all federal laws and does not sell marijuana at any dispensaries and/or a grow operations.
Stay up-to-date with current events by joining The CannaBusiness Group, Inc. E-Mail Alert List. Join by going to the following: www.thecannabusinessgroup.com
FORWARD-LOOKING STATEMENT AND DISCLOSURE: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the continuation of recent growth rates in the industry; the positioning of The CannaBusiness Group[SM], Inc. in the market; ability to integrate acquired properties and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether The CannaBusiness Group [SM], Inc. can successfully execute their business plan. Actual results may differ materially from those contained in the forward-looking statements in this press release.
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