Newly Acquired Michigan Property will Significantly Enhance Company Asset Package as a Cultivation and Processing Site
BNGI’s CMO is Matthew Knowles who is very well known in the entertainment industry as he is the father and manager of super star performer Beyonce’ Knowles. His record label, Music World Entertainment, Corp has over 4,000 songs in its catalog including Gospel, R&B, Rap and Kids music genres. In addition to his work in music, Mr. Knowles is also one of the executive producers of the 2009 movie Obsessed, which stars Beyoncé.
BNGI is trading at .0002. $200.00 for 1,000,000 shares of BNGI stock. Potential lottery stock for what is being developed.
BANGI, Inc. (OTC: BNGI) is a cannabis real estate firm that acquires specialized assets including hemp and cannabis farms, dispensaries, commercial real estate, industrial real estate, and leases real estate to the multi-billion dollar legal cannabis and CBD industry. The company business plan combines the hard asset security and long-term appreciation potential of prime specialized real estate. BNGI is a pioneer in providing real estate focused on cannabis growth, to the public markets. The company’s name, BANGI (pronounced bon-ghee) means “marijuana” or “hemp” in the African dialect of Swahili.
Launch of Acquisition Strategy with Purchase of Cannabis Processing Facility
On August 6th BNGI announced it had launched the initial stage of its acquisition strategy with the purchase of a prime 7,000 square foot property located on Detroit’s famous and high traffic Eight Mile district. The company expects to enter into a triple-net lease agreement with a tenant which intends to operate the property as a licensed cannabis cultivation and processing facility upon completion of renovations. As a pioneer in the acquisition of real estate for the cannabis industry, BNGI serves as a source of capital by acquiring and leasing back their real estate assets, in addition to offering other creative real estate-based capital solutions to tenants licensed to cultivate and process cannabis.
The new BNGI Michigan location offers an ideal environment for the company’s business plans in the cannabis sector. Michigan first legalized medical cannabis in 2008 and is one of the largest medical-use cannabis markets in the US, including approximately 270,000 medical-use cannabis cardholders as of the end of 2017, according to ArcView Market Research (ArcView). In November of last year, Michigan voters approved Proposition 18-1, a ballot initiative that legalizes adult-use cannabis, and Michigan regulators have indicated that they would begin accepting adult-use cannabis business license applications later this year. ArcView projects that Michigan will be one of the top ten regulated cannabis markets by 2022, with total regulated cannabis sales of $1.4 billion.
For more information on Bangi, Inc. BNGI visit: www.bangistock.com