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.
Investor Contact
Information:
Email: info@thecannabusinessgroup.com
SOURCE The CannaBusiness Group, Inc.