Strategic Global Investments, Inc. Enters Into Negotiations to Acquire Colorado Marijuana Cultivation Facility
(Marketwire Via Acquire Media NewsEdge) CARLSBAD, CA -- (Marketwired) -- 02/10/14 --
Strategic Global Investments, Inc. (OTC Pink: STBV) is pleased to announce that the Company has entered into meaningful negotiations for the purchase of a Marijuana Growing facility located in Teller County, Colorado. The Company's intention is to expand and renovate the cultivation process with new State-of-the-art equipment and advanced growth and harvesting techniques in an effort to capitalize on the recent legalization and resulting high demand of cannabis in the state of Colorado.
Strategic's plan is to have the Memorandum of Understanding signed by mid-February and the final agreement signed by the beginning of March, 2014; with construction to modernize the operation beginning in February and the first new crop started in the first week of March.
The Company has fully evaluated the industry and expects to be able to yield a harvest and generate revenues from the sale of plants by the 3rd 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 cannot keep up with the continually rising demand for high quality marijuana.
Andrew Fellner, President/CEO of Strategic stated, "We are very optimistic about the lucrative potential our entrance into this industry can yield. The demand in this newly legalized industry is sure to bring in significant revenue going into the third and fourth quarter of 2014."
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
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Source: Strategic Global Investments, Inc.
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