LOS ANGELES, May 15, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -- Los Angeles-based Cannabis Strategic Ventures Inc. (NUGS) announces it is approved for trading on the OTCQB Venture Market, effective May 10, 2019. Uplisting is important for the Company as it continues to build shareholder value through more stringent reporting standards and increased investor transparency.
âUplisting Cannabis Strategic Venturesâ stock to the OTCQB Venture Market is an exciting milestone for our Company,â said Simon Yu, CEO of Cannabis Strategic Ventures. âThe OTCQB platform will allow us to provide investors increased transparency by providing the information needed to analyze, value and trade.â
This achievement is the latest development in Cannabis Strategic Venturesâ expansion plans. The Company, which owns several brands in the cannabis and hemp-derived cannabidiol (âCBDâ) sectors, recently announced the cultivation of land for over 20,000 plants at NUGS Farm North, its 6-acre licensed site in Northern California. The farm is expected to operate at maximum capacity by late summer of 2019. In addition, Cannabis Strategic Ventures recently announced its investment in FLORAH, a concept boutique that educates consumers of the benefits of CBD while a curating a best of selection of CBD lifestyle, wellness, beauty and pet products.
âThe benefits of uplisting combined with our new
initiatives demonstrate to our existing investors and the
marketplace that Cannabis Strategic Ventures is on track for
growth,â stated Yu. âWe have a clearly defined path for expansion
and we are diligently working to meet our corporate goals.â
About Cannabis Strategic Ventures
Cannabis Strategic Ventures is a Los Angeles-based firm that
incubates, develops and partners with category leaders within the
cannabis sector. The Firm's NUGS brand experience provides
operational and financial strategic partnerships and a range of
essential services to emerging and existing cannabis consumer
brands. The company recently completed a name and symbol change
from Cascade Energy, Inc. Cannabis Strategic Ventures is publicly
traded on the U.S. Over the Counter Market with the stock symbol
NUGS.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking
statements" within the meaning of the safe harbor provisions of the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements also may be included in other publicly
available documents issued by the Company and in oral statements
made by our officers and representatives from time to time. These
forward-looking statements are intended to provide management's
current expectations or plans for our future operating and
financial performance, based on assumptions currently believed to
be valid. They can be identified by the use of words such as
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "would," "could," "will" and other words of
similar meaning in connection with a discussion of future operating
or financial performance.
Examples of forward-looking statements include, among others,
statements relating to future sales, earnings, cash flows, results
of operations, uses of cash and other measures of financial
performance.
Because forward-looking statements relate to the future, they are
subject to inherent risks, uncertainties and other factors that may
cause the Company's actual results and financial condition to
differ materially from those expressed or implied in the
forward-looking statements. Such risks, uncertainties and other
factors include, among others such as, but not limited to economic
conditions, changes in the laws or regulations, demand for products
and services of the company, the effects of competition and other
factors that could cause actual results to differ materially from
those projected or represented in the forward-looking statements.
Any forward-looking information provided in this release should be
considered with these factors in mind. We assume no obligation to
update any forward-looking statements contained in this
report.
Contact:
Arlene Guzman
Phone:+1-310-359-6860
Email: [email protected]
Website: http://www.CannabisStrategic.com
Corporate Communications:
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