LAS VEGAS--(BUSINESS WIRE)--Signal Bay, Inc. (OTC: SGBY), a company focused on analytical testing, industry research, and management consulting for the cannabis and related ancillary businesses, announced that it has entered into a financing agreement with Kodiak Capital Group, LLC. The Company has agreed to file a registration statement with the U.S. Securities & Exchange Commission (“SEC”) covering the shares that may be issued to Kodiak under this financing. After the SEC has declared the registration statement related to the transaction effective, the Company has the right at its sole discretion to sell common shares to Kodiak under the terms of the financing agreement. Proceeds from this transaction will be used to fund the continued development of the Company’s strategy spanning the entire industry supply chain from seed to sale.
“We’re very excited to be partners with Kodiak and welcome their knowledge and investment with open arms to support our continued growth and expansion,” commented William Waldrop, Chief Executive Officer of Signal Bay. “Kodiak recognizes that our services offer best industry practices for licensing, operating, and expanding cannabis businesses.” Ben Esque, a member of Kodiak’s advisory board, added, “We look forward to adding Signal Bay to our budding cannabis portfolio and assisting them with their expansion throughout North America.”
About Signal Bay, Inc.
Signal Bay, Inc., through its wholly owned subsidiaries Signal Bay Research, Inc. and Signal Bay Services, Inc., provides industry research, consulting, license application support and analytical testing services to the legalized cannabis industry. The Cannabis Consultant Marketplace is an online managed marketplace that enables companies to find and engage top-tier professionals who serve the cannabis industry. Learn more at www.signalbayinc.com.
About Kodiak Capital Group, LLC
Kodiak is an institutional investor headquartered in Newport Beach, CA. Kodiak makes private investments in public and private entities utilizing proprietary equity and debt instruments. These investments provide long-term strategic capital offering companies certainty, flexibility and consistency. Kodiak's investments are in a wide range of industries emphasizing alternative energy, consumer products, life sciences, natural resources, and social media technology. For more information, visit www.kodiakfunds.com.
Notice Regarding Forward-Looking Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
