Bangi Investments, LLC has acquired publicly traded company Compass Biotechnologies, Inc. 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, 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. BANGI will trade as OTC: COBI until approval for its unique ticker symbol. To learn more visit www.bangistock.com.
Date: November 26, 2018
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Source: Cision
