Smart Ventures Subsidiary Cannabis Casualty Insurance Launch $50 Million Equity Raise
May 20 2014 - 9:45AM
Marketwired
Smart Ventures Subsidiary Cannabis Casualty Insurance Launch $50
Million Equity Raise
HOUSTON, TX--(Marketwired - May 20, 2014) - Smart Ventures, Inc.
(OTC Pink: SMVR) (PINKSHEETS: SMVR) medical marijuana insurance
business "Cannabis Casualty Insurance, Inc." a Colorado
corporation. Mr. de Rushe holds an insurance license in the State
of Colorado, License 436319. Cannabis Casualty Insurance plans to
launch a $50 Million private equity raise. Cannabis Casualty
Insurance plans to hire insurance agents and launch satellite
offices in each legalized medical marijuana state. The goal is to
become affiliated with an A rated reinsurer and become a dominate
player in the industry. The company will utilize state of the art
technology to underwrite cannabis related insurance products among
other traditional insurance products.
Cannabis Casualty Insurance, Inc. plans to enter every legalized
medical marijuana state providing comprehensive insurance packages
to the medical marijuana industry. Businesses operating in the
medical cannabis industry can now get comprehensive insurance
quotes from a single source, for insurance coverage including:
legal defense coverage, general liability, property, professional
liability, worker's compensation, commercial auto, hired and
non-owned auto, outdoor and indoor crop cultivation operations,
fire, theft, storm damage, business interruption, special events
and product liability. Our targeted clients are medical marijuana
growers, cultivators, delivery companies and dispensaries in
licensed medical marijuana states. The medical marijuana insurance
industry is a huge untapped multi-billion dollar market. Website
coming soon at www.cannabiscasualty.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. We also formed a midstream
transportation division with a fleet of trucks. We began to offer a
diverse range of armored vehicles which compliments out midstream
transportation division. Additionally we expanded into the cannabis
industry through our subsidiary companies Cannabis Funding Group,
Inc. and Cannabis Casualty Insurance, Inc.
www.sandaydrilling.com www.smartventuresinc.com
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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.
CONTACT: Media Relations: Roger Smith (832) 717-4412 Email:
info@sandaydrilling.com Websites: www.sandaydrilling.com
www.smartventuresinc.com
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