SOURCE: Smart Ventures, Inc.

March 24, 2014 09:15 ET

Smart Ventures, Inc. Enters Joint Venture Agreement With Mobile Vending for Cannabis

HOUSTON, TX--(Marketwired - Mar 24, 2014) - SMART VENTURES, INC. (OTC Pink: SMVR) (PINKSHEETS: SMVR) is pleased to announce that the Company has signed a joint venture agreement with Mobile Vending, Inc. a California vending company which has distribution channels, manufacturers for medical marijuana vending dispensaries in California and Colorado. The Company's intention is to expand and renovate the distribution process with new State-of-the-art equipment and advanced manufacturing techniques in an effort to capitalize on the recent legalization and resulting high demand of cannabis in the state of Colorado.

The joint venture will also seek to develop kiosk payment solutions with biometric identity technology for payment processing in States licensed to retail medical marijuana. The kiosk will accept cashless payments such as credit cards, mobile payments and other electronic wallet payments to alleviate cash payment stress placed on cannabis retailers. The joint venture formed a Colorado Corporation known as "Cannabis Funding Group, Inc." which is now a wholly owned subsidiary of Smart Ventures, Inc.

About Cannabis Funding Group

Cannabis Funding Group, Inc., a Colorado corporation is a wholly owned subsidiary of Smart Ventures, Inc. CFG is a strategic investment partner for entrepreneurs in a diversified range of cannabis related businesses. We form joint ventures with partners seeking growth capital to start, develop and grow their business. We have strategic partners to help cannabis related businesses go public if public exposure and access to capital beyond our initial investment is what you need. We form partnerships with management teams that have a clear direction and plan for entering or growing in the cannabis industry. We can assist our partners with startup cost such as licensing fees and initial equipment/inventory cost associated with starting a business in legalized States. Our goal is not to take control or run our partners business, but to help our portfolio partners grow and build shareholder value through diversified revenue streams and great return on investment.

About Mobile Vending, Inc.

Mobile Vending Services, Inc., a joint venture partner located in the State of California in the mobile vending machine space with distribution channels, manufacturers for medical marijuana vending dispensaries and edible cannabis vending capabilities. Mobile Vending also has introduced a cashless kiosk vending technology as part of the joint venture for the cannabis market.

About Smart Ventures

Smart Ventures, Inc. is an independent energy company engaged in engineering extended reach drilling services, acquisition, development, production, and exploration of oil, gas and minerals internationally. Smart Ventures is now looking at other strategic investments to grow revenue such as the Cannabis industry. To learn more about the Company, visit:


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