Business Summary: Cannabusiness Group Inc, is a strategic real estate acquisition, leasing, and management firm whose primary focus is on zoning issues. The Company acquires commercial property or land, and lease out the facilities for agricultural, industrial, commercial and retail, whether small or large scale clients. It manages a portfolio of properties that it acquires and leases. It includes complete architectural design and subsequent build-outs, general support, landscaping, general up-keep, and security systems. In February 2014, the Company announced 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. In April 2014, The CannaBusiness Group Inc acquired an undisclosed minority stake in National Security Solutions Inc.
Financial Summary: BRIEF: For the nine months ended 30 September 2013, Cannabusiness Group Inc revenues decreased 35% to $950K. Net loss increased from $178K to $816K. Revenues reflect Gross turnover decrease of 36% to $1M. Higher net loss reflects Selling general and administrative exp increase of 18% to $649K (expense), Total Salary Exps. increase of 82% to $186K (expense).