ISSUER DETAILS
Founded in 2013, with a vision: create a new project involving Bitcoin that focuses the legal side of the cannabis industry by working with businesses on the sidelines and helping setup their operations.
Our Target
Entrepreneurs from all over the world who are kind of disruptive individuals themselves. Those that see an opportunity here in the "green rush" and want to invest. People that have been introduced to cannabis have experience or knows someone that needed it for a medical reasons. Users that have discovered how amazing it was for their condition and they realize that there is a way to be a part of the newly legalized industry.
Investment Details
CANNABIT is a investment that primarily focuses on the emerging legal cannabis industry. We invest in businesses and products in the legal and medical cannabis sector. The launch of CANNABIT comes at a time when people favor legalizing the use of cannabis. We provide an opportunity to invest in those that are pioneering the space in this multi-billion dollar industry. With the legalization of cannabis in Colorado and Washington for recreational and medical use, this is just the start in legalizing cannabis nationwide.
We are going to be generating revenue by providing consulting services and helping business owners setup their operations. We will advise entrepreneurs in opening and running dispensaries as well as cultivation centers. We will help businesses selling supplies at the wholesale and retail levels. We will work together with these businesses in generating revenue for our services. Our focus is to not directly get involved in cultivating and distributing the actual product. We will be providing consulting, advising entrepreneurs, and providing investment capital to expand their ventures. We will take an interest in these ventures to make sure we succeed together every step of the way. We are looking into opportunities that exists in between to fill the gap with products and services that will help producers, processors and retailers.
Why Invest?
This is an emerging market, it’s always changing and it’s completely dependent on the federal and state law. For international players to try to be involved in it, it has to be federally legal. It has to be regulated so that a market can be created. As cannabis becomes legalized in more states, we expect the opportunities for legal, profitable businesses to grow exponentially.
Just as Bitcoins created the digital gold rush, the legal cannabis industry will create a new green rush and we are at the beginning of it. The legalization of Colorado and Washington are a sign of things to come, we can benefit by this being created into a legal and viable industry. We intend to position ourselves as pioneers in the emerging legal cannabis sector through investments and opportunities.
Legal cannabis represents a multi-billion-dollar market opportunity, extending far beyond growing and selling plants. We believe in minimizing government and maximizing liberty for all, and that cannabis prohibition is a social, political, economic and public health disaster. New industries will be created beyond the obvious that already exist in some form as well.
SHAREHOLDER AGREEMENT
CANNABIT is a virtual identity held by investors of this project. We are here to provide business consulting as well as investment capital in legal cannabis related projects and operations.
Purchase Shares
Shares are listed and sold on cryptostock.com under the ticker CANNABIT. (https://cryptostocks.com/securities/63)
Dividends
Dividend payments from revenue generated will be paid on a monthly basis from fiat converted into BTC. Operational expenses will be deducted before dividends are calculated. Operational expenses are projected to be minimal and we will provide transparency in regards to this. Our main priority will be to provide investors with a safe and steady return on their investment before we continue to look into expansion. The first divided payment is scheduled and expected to start being paid out in Jan/Feb 2014 after we start seeing a return on our investments. For further details we will discuss this directly with the shareholders.
Shareholder Meetings
All shareholders will be able to participate in meetings with the issuer and our board of advisers. It can range from Q&A sessions to discuss potential future investments as well as brainstorming and bouncing around ideas for future expansion. This will help provide transparency between the management and the shareholders. It will also provide a platform to share creative ideas and be a part of something new and exciting.
Risks Factors
In the event of a forced termination of operations due to legal issues, the remaining assets of the project are to be liquidated and dispersed to the shareholders. Trading of CANNABIT will be halted at the time of the official announcement of a forced termination of operations. It is up to each person to perform their own due diligence in regards to this project and its operation.
CANNABIT reserves the right to buyback outstanding shares on cryptostocks.com with a 30 day notice, with the price being determined by the 30-day weighted average price or the current market asking price at the time of the announcement.
PRODUCTS & SERVICES
We have identified four possible areas of investment when it comes to cannabis: companies marketing to the cultivator, companies marketing to the end consumer, companies marketing to retailers), and companies with licenses to produce and sell cannabis. There is much more we can do within this emerging industry and there are other sectors that we would like to get involved in as cannabis legalization continues.
We will be providing the following products and services to our clients.
Consulting Cannabis Entrepreneurs
Opening Cannabis Dispensaries
Opening Cannabis Cultivation Centers
Opening Cannabis Evaluation Centers
Selling Supplies; Retail and/or Wholesale
Providing Cannabis Education Services