|By PR Newswire||
|April 7, 2014 09:09 PM EDT||
LA JOLLA, Calif., April 7, 2014 /PRNewswire/ -- AV1 Group, Inc. (OTC Pink: AVOP) is pleased to announce that the Company's management has approved a friendly takeover by the Marijuana Incubator Group, Inc., an early contender in the rapidly evolving newly legalized Cannabis industry, in the interest of its shareholders and growth potential.
Marijuana Incubator Group, Inc. is an ambitious, now publicly traded, Company which is tapping into the groundbreaking Marijuana marketplace by seeking to develop the Company through Merger and Acquisition, and Joint Venture partnerships with established Cannabis related businesses such as harvesting operations and dispensaries, crop enhancement technologies for increased yields and revenue producing ecommerce industry related projects.
Currently cannabis is legal medicinally in 20 states including Colorado and Washington, but with the national elections impending, legalized territories are highly expected to increase. As momentum develops closer to a nationwide acceptance, the Company has set its sights on expansion into the California and Colorado markets, which are among the current forerunners in Marijuana legalization.
"We are pleased to be an early competitor in this robust evolving new industry; established and in operation as a public entity," stated Bryen Beglinger, Chief Executive Officer of Marijuana Incubator Group, Inc. He continued, "The opportunities currently available for a public company in this swiftly growing market have the potential to yield exponential growth, realizing a significant value for our shareholders."
The Company will be updating shareholders very soon regarding the direction of the Company and anticipated milestones.
About Marijuana Incubator Group, Inc.: Marijuana Incubator Group, Inc., also known as MIG, seeks to identify, secure and monetize emerging marijuana related companies that are positioned for exponential growth. We seek out talented entrepreneurs and potent ideas that are likely to make a major footprint in this sector. Our comprehensive business model allows us to foster these companies under one umbrella bringing a variety of experience, knowledge and expertise to every venture. MIG explores every opportunity to help our clients exceed their revenue goals while building close, active working relationships with our portfolio companies. For more information visit: www.MJIGINC.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 AV1 Group, Inc.; Marijuana Incubator Group, Inc.