Business
The CannaBusiness Group, Inc Acquires Ownership in NorCal Connection, LLC
The CannaBusiness Group, Inc Acquires Ownership in NorCal Connection, LLC.
About this update from Cannabusiness Group Inc
[{"type":"text","content":"\n\n\n\nThe CannaBusiness Group, Inc Acquires Ownership in NorCal Connection, LLC\n\n\n\n\n\nThe CannaBusiness Group, Inc Acquires Ownership in NorCal Connection, LLC\nPR Newswire\nMISSION VIEJO, California, February 26, 2014\n\n\n\nMISSION VIEJO, California, February 26, 2014 /PRNewswire/ --\n\nThe CannaBusiness Group, Inc (OTC: CBGI) announced  today  that it has acquired an ownership interest in NorCal Connection, LLC, which was formed as an E-Commerce and wholesale company to address the legal cannabis market for medical marijuana dispensaries and grow operations supplies.\n\nThe acquisition of ownership, consist of restricted common shares and funding for a new headquarters with office/warehouse space in the Vacaville, California area. Also, funding will be provided to update the e-commerce site, hire sales staff, update marketing materials, increase inventory and attend upcoming trade shows.\n\nAccording to Jeff Jiron, President of The Norcal Connection LLC, \" In addition to existing products, NorCal Connection will be adding new products to our offering, adding new sales staff, new marketing materials and attending more trade shows in the legal cannabis industry. I believe we can increase existing revenues by approximately 45-55% and become the dominant supplier of high quality medical marijuana packaging, dispensary and grow operation supplies. Mr. Jiron stated \"that he is very excited to have NorCal Connection, LLC part of The CannaBusiness Group portfolio and looks forward to the future of both companies.\"\n\n\"We look forward to working with The NorCal Connection and I believe we have a company that can grow financially and have strategic locations around the country to provide excellent customer service in the medical marijuana industry,\" stated The CannaBusiness Group, Inc. CEO, Mr. Cummings.  \"We also believe our ability to commit to the cannabis business market leaders the means to finance their strategic expansion, assist with their management team and provide consolidation in their particular vertical sector in the near future.\"\n\nAbout The NorCal Connection, LLC\n\nThe NorCal Connection, LLC is a privately owned Internet-based e-commerce and wholesale business which supplies medical marijuana dispensaries and grow operations storage containers, smell proof packaging and various other suppl...