Sunday, 26 May 2019 07:26 GMT

Cannabis Investment Firm BANGI Acquires Publicly Traded COBI

(MENAFN - GetNews) CHICAGO, IL - November 19, 2018 - Bangi Investments, LLC has acquired publicly traded company Compass Biotechnologies, Inc. (Stock Symbol OTCMKTS: COBI) to gain greater access to public markets and to continue expanding its success in the cannabis marketspace. The company will go by the name BANGI, (pronounced bonghee), which is a noun in the African dialect Swahili meaning 'marijuana or 'hemp.

'Real Estate is agnostic to the cannabis industry; every sector from cultivation to extracting and retail relies heavily upon it. I'm excited about the prospects in store for BANGI, and I will be instrumental in this transition over the next 90 days, said Rick Shykora, CEO of Compass Biotechnologies, Inc.

BANGI, a diversified investment vehicle that acquires and leases specialized real estate assets, understands the integral role that real estate plays in the $30 billion cannabis industry and plans to further its reach with the acquisition of COBI.

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BANGI INVESTMENTS, LLC 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 Limited Liability Company combines hard asset security and long-term appreciation potential.


Compass Biotechnologies, Inc. (Ticker Symbol OTCMKTS: COBI), d/b/a Motion Entertainment Group, Inc. is a professional-grade audio equipment company with products that are already in use by world-class musicians and entertainers, and popular amongst rising stars. Aligned with industry heavyweights, the company is introducing new innovations that reflect a decades-long focus on producing the highest quality audio experiences and industry-changing evolutions, for the enjoyment of music fans and aficionados globally.


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" or "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.

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Cannabis Investment Firm BANGI Acquires Publicly Traded COBI

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