Strategic Global Investments, Inc. Finalizes Agreement to Purchase Bearpot, Inc.; Controlling Company of Colorado Marijuana Cultivation Facility
Company Acquires Bearpot Inc., to Function as Wholly Owned Subsidiary and Incubator for the Development of All Canadian and Domestic Marijuana Projects
CARLSBAD, CA, Feb 20, 2014 (Marketwired via COMTEX) -- Strategic Global Investments, Inc. (otc pink:STBV) is pleased to announce that the Company has completed negotiations, and has signed an agreement for the purchase of Bearpot, Inc., controlling entity of an existing Marijuana Growing facility located in Teller County, Colorado.
As a subsidiary of Strategic Global Inc., Bearpot, Inc. will function as the marijuana incubation and development sector of the Company. The transaction brings existing equipment and inventory; creating a successful model that the Company can duplicate as legalization continues to spread and markets continue to open nationwide and in Canada.
As recently announced Strategic Global's plan of action is to expand and renovate the cultivation process with new state-of-the-art equipment in an effort to capitalize on the recent legalization and resulting high demand of cannabis in the state of Colorado.
"We are very excited to have the platform for this sector in place. It is important that as we enter this marketplace, that all factors are considered to ensure a proper entrance. Our plans underway currently involve an active search for compatible Marijuana related businesses in Canada and the US," stated Andrew Fellner, President/CEO of Strategic Global Investments.
The Company has evaluated the industry and expects to be able to yield a harvest and generate revenues from the sale of plants by the 4th 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 regula
I was a Fluor employee and stockholder in 2000 when Fluor divested itself of Massey Energy. I have several years of 401k forms showing ownership of Massey stock. Then nothing. What happened to my stock?