Smart Ventures, Inc. announced that the company has entered into meaningful negotiations for the purchase of a Marijuana Edible Foods Vending Business located in 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 company has fully evaluated the industry and expects to be able to yield a great return on investment and generate revenues from the sale of edible cannabis foods by the 3rd quarter of this year. Colorado began allowing the sale of recreational marijuana on Jan. 1, 2014; 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 regulation on cannabis, an influx of new consumers continues to grow, revealing a lucrative opportunity for the company, whereas marijuana dispensaries cannot keep up with the continually rising demand for high quality marijuana.
Roger Smith, president/CEO of Smart Ventures said in a prepared statement, "We are very optimistic about the lucrative potential our entrance into this industry can yield. The demand in this newly legalized industry is sure to bring in significant revenue going into the third and fourth quarter of 2014. We see this as a step in the right direction to grow shareholder value with stronger revenues."
