Smart Ventures Inc. is targeting $100 million for its subsidiary Cannabis Funding Group. The firm has launched a private placement memorandum. The firm will look for investments in medical marijuana retail outlets, edibles, vaporizer oil and pens, cannabis tracking technology, payment processing, vending machines, production equipment, real estate related to cannabis market and other services related to the industry.
Smart Ventures, Inc. is pleased to announce that the Company has hired a veteran fund manager to launch its initial private placement capital raise of $100 Million for investment in private and public medical marijuana companies. The fund is beginning to receive initial commitments from its LP’s and is starting to issue commitments for funding new portfolio companies.
The fund’s Investment Criteria into cannabis businesses is simple:
Minimum Investment: We invest $50,000 and up.
Investment Type: Equity
Early or Late Stage Company
Cannabis Industry Investment Only: Medical marijuana retail outlets, edibles, vaporizer oil & pens, cannabis tracking technology, payment processing, vending machines, production equipment, real estate related to cannabis markets and any other service related to this industry.
Geographical: Partners located or doing business in a legalized medical marijuana state, in the United States or Canada.
“We are excited about the diversification into the private equity space for the medical marijuana industry. As a cancer survivor, I strongly support the initiatives going on in the country to legalize medical marijuana to relieve the suffering and pain for so many medical illnesses such as cancer, Alzheimer’s and seizures and this has championed the cause for me,” says Roger Smith, CEO.
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 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.smartventuresinc.com
About Smart Ventures
Smart Ventures, Inc. is a strategic investments growth partner in the Cannabis industry. Smart Ventures is also an independent energy company engaged in engineering extended reach drilling services, acquisition, development, production, and exploration of oil, gas and minerals internationally.
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