LAS VEGAS, NV., May 11, 2015 (GLOBE NEWSWIRE) -- Signal Bay Inc. (OTC: SGBY) received approval from the Nevada Division of Public and Behavioral Health (DPBH) to transfer ownership interest of a licensed Medical Marijuana Establishment. This approval permits Signal Bay, Inc. to proceed with the acquisition of a minority interest in a licensed cultivation and production facility.
"We are pleased to have received this approval from the DPBH," stated William Waldrop CEO of Signal Bay, "the team at Signal Bay now has the green-light to proceed identifying and developing medical marijuana investment and acquisition opportunities in the Nevada marketplace."
The acquisition is targeted to close by June 15, 2015.
About Signal Bay, Inc.
Signal Bay Inc., through its wholly owned subsidiaries Signal Bay Research, Inc. and Signal Bay Services, Inc. provides research, analysis, advisory services, and operating services to the medical marijuana industry. Signal Bay Research, in partnership with industry experts, provides comprehensive industry data and business intelligence for the legal cannabis industry. Signal Bay Services provides advisory, agricultural and management services to licensed medical marijuana establishments.
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.
CONTACT: Contact: William Waldrop firstname.lastname@example.org (888) 978-5066 Source:Signal Bay Inc.