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Strategic Global Investments, Inc. Enters Into Negotiations to Acquire Colorado Marijuana Cultivation Facility(February 10, 2014)
CARLSBAD, CA(via eTeligis.com)
CARLSBAD, CA- via eTeligis (Feb 10, 2014) - 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
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.
SOURCE: Strategic Global Investments, Inc.
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=24287 - Link to submission on http://www.eteligis.com