Strategic Global Investments, Inc. Finalizes Agreement to Purchase Bearpot, Inc.; Controlling Company of Colorado Marijuana C...
February 20 2014 - 8:45AM
Marketwired
Strategic Global Investments, Inc. Finalizes Agreement to Purchase
Bearpot, Inc.; Controlling Company of Colorado Marijuana
Cultivation Facility
Company Acquires Bearpot Inc., to Function as Wholly Owned
Subsidiary and Incubator for the Development of All Canadian and
Domestic Marijuana Projects
CARLSBAD, CA--(Marketwired - Feb 20, 2014) - Strategic
Global Investments, Inc. (OTC Pink: STBV) is pleased to announce
that the Company has completed negotiations, and has signed an
agreement for the purchase of Bearpot, Inc., controlling entity of
an existing Marijuana Growing facility located in Teller County,
Colorado.
As a subsidiary of Strategic Global Inc., Bearpot, Inc. will
function as the marijuana incubation and development sector of the
Company. The transaction brings existing equipment and inventory;
creating a successful model that the Company can duplicate as
legalization continues to spread and markets continue to open
nationwide and in Canada.
As recently announced Strategic Global's plan of action is to
expand and renovate the cultivation process with new
state-of-the-art equipment in an effort to capitalize on the recent
legalization and resulting high demand of cannabis in the state of
Colorado.
"We are very excited to have the platform for this sector in
place. It is important that as we enter this marketplace, that all
factors are considered to ensure a proper entrance. Our plans
underway currently involve an active search for compatible
Marijuana related businesses in Canada and the US," stated Andrew
Fellner, President/CEO of Strategic Global Investments.
The Company has evaluated the industry and expects to be able to
yield a harvest and generate revenues from the sale of plants by
the 4th Quarter of this year. Colorado began allowing the sale
of recreational marijuana on January 1; consequently the Company
will be set to market quality product to an already existing client
base as well as new clients. Due to recent relaxation of regulation
on Cannabis, an influx of new consumers continues to grow,
revealing a lucrative opportunity for the Company, whereas
marijuana dispensaries will have to continually keep up with the
rising demand for high quality marijuana.
About Strategic Global Investments: Strategic Global Investments
is a company engaged in providing its customers with various venues
to reach their target audience with on demand programming or
advertising through Wazillo.com and WazilloMedia.com.
WazilloMedia.com is involved in the production of videos for
customers and consumers permitting the use of the Company's state
of the art studios to produce their own videos and the use of a
website where subscribers can make available live, streaming video
for their potential audience. The Company produces Internet
content, taped video shows, in their state-of-the-art studios in
San Diego, California, where the productions can be stored and
replayed on Demand 24/7 through the Company's cutting edge Content
Management System. For more information visit our website at:
www.strategicglobalinvestments.com
Safe Harbor Act: Forward-Looking Statements are included within
the meaning of Section 27A of the Securities Act of 1933, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements regarding our expected future financial position,
results of operations, cash flows, financing plans, business
strategy, products and services, competitive positions, growth
opportunities, plans and objectives of management for future
operations, including words such as "anticipate," "if," "believe,"
"plan," "estimate," "expect," "intend," "may," "could," "should,"
"will," and other similar expressions are forward-looking
statements and involve risks, uncertainties and contingencies, many
of which are beyond our control, which may cause actual results,
performance, or achievements to differ materially from anticipated
results, performance, or achievements. We are under no obligation
to (and expressly disclaim any such obligation to) update or alter
our forward-looking statements, whether as a result of new
information, future events or otherwise.
Contact: Media Relations Andrew Fellner 760-685-7171 Website:
http://www.strategicglobalinvestments.net/ E-mail:
Andy@wazillo.com
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