IRVINE, Calif., July 17, 2014 /PRNewswire/ -- The CannaBusiness Group Inc. (OTC: CBGI) As of July 14, 2014 the CEO/Chairman Mr. Cummings resigned due to health issues, which will not allow him to perform his duties or give the time needed at CBGI. The board of directors and majority shareholders have appointed Jeff Jiron the President and Founder of NorCal Connection, Inc. to the position of Chairman and CEO.
Michael Cummings, CEO stated "I am very sorry for the sudden departure however, due to my illness I can no longer dedicate the time required to operate CBGI. And I have all the confidence in Mr. Jiron to operate CBGI and I would like to wish him good luck."
About The CannaBusiness Group, Inc.
The CannaBusiness Group Inc. ("CBGI") founded in 1985 and is headquartered in Vacaville, 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.
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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, 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, Inc. can successfully execute their business plan. Actual results may differ materially from those contained in the forward-looking statements in this press release.
SOURCE The CannaBusiness Group, Inc.