Cannabis Real Estate Firm BANGI, Inc. Announces $50 Million Regulation A+ Securities Offering
LOS ANGELES, CA, Oct. 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- . (OTC: BNGI), a diversified investment vehicle that acquires and leases specialized real estate assets in the cannabis, hemp and CBD industries, today announced it has filed an offering statement with the Securities and Exchange Commission (SEC) to conduct a $50 million Regulation A+ securities offering. The net proceeds of this offering will be used primarily to finance BANGI’s acquisition program.
The Company’s utilization of Regulation A+ is partially in response to widespread investor requests for an opportunity to invest in BANGI’s expected growth from in its infancy and on the same terms that were and are continuing to be offered to some of Wall Street's most established institutional investors, pension and hedge funds. This new offering is expected to include both existing and new investors, targeting those who did not have the opportunity to participate in earlier rounds, with an emphasis on building long-term shareholders.
"Since our inception last year, our Board of Directors and management team have been actively perfecting BANGI’s business plan which, if implemented as we anticipate, could very well solidify us as one of fastest growing and most profitable participants in the booming cannabis real estate industry,” said Dr. Neil Parsan, Chairman and CEO of BANGI, Inc. “In addition, BANGI will represent one of the first publicly traded cannabis companies to use Regulation A+ since it was adopted in June of 2015, which our management team is particularly proud of achieving. And finally, I am very excited to report that today's debt offering will serve only to significantly strengthen our balance sheet which will used to drive our future earnings growth and without the addition of one single new share due to our decision to avoid the equity markets at this juncture in our growth stage," concluded Dr. Parsan.
To be added to BANGI’s investor or media lists, please call 833-BANGINC or via email at .
Follow us on Twitter at .
Follow us on Instagram at .
Follow us on Facebook at
For additional information about BANGI, please visit .
About BANGI, Inc. []
BANGI (pronounced bon-ghee), which means "marijuana" or "hemp" in the African dialect Swahili, is a diversified investment vehicle that acquires and leases specialized real estate assets, such as cannabis farms. The Corporation combines hard asset security and long-term appreciation potential. For more information, visit .
BANGI, Inc. Forward-Looking Statements
This press release contains statements that the Company believes to be "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than historical facts, including, without limitation, statements regarding the investment offerings and the terms thereof, are forward-looking statements. When used in this press release, words such as we "expect", "intend", "plan", "estimate", "anticipate", "believe", "should", or the negative thereof or similar terminology are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Investors should not place undue reliance upon forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact Information:
Investor Relations
BANGI, Inc.
833-BANGINC
