LOS ANGELES, August 14, 2018 /PRNewswire/ --
Pure Applied Sciences, a wholly own subsidiary of Cannabis Strategic Ventures, Inc. (OTC: NUGS), begins production of Halo Filters. Halo Filters is the company's patent pending, cannabis smoke filtration pre-roll cone. It is based on an internally developed filtering technology that utilizes ultra-high quality fibers and proprietary manufacturing methodologies. Halo Filters reduces the harsh taste in cannabis smoke and reduces the levels of harmful chemicals, heavy metals and other toxins, while maintaining optimum taste and cannabinoid levels.
Given that cannabis smoke can contain up to eight times the cyanide, three times the ammonia, and two times the nitrous oxide compared to tobacco smoke, Halo Filters was designed to address consumers' growing concerns regarding the cannabis smoke's potential harmful effects which may result in significant health issues.
"We're extremely pleased with the progress of Halo Filters and excited for the upcoming product launch. Our teams have been working very hard to get the product to market," commented Cannabis Strategic CEO, Simon Yu. "Consumers will soon be able to use Halo Filters and enjoy cannabis in the safest possible manner by having potential negative health effects minimized."
Halo Filters is a non-cannabis product, making it available for national and worldwide distribution. Worldwide pre-rolled sales are estimated to reach around $475 million. Halo Filter is scheduled to ship later this summer.
About Cannabis Strategic Ventures
Cannabis Strategic Ventures is based in Los Angeles and is focused on supporting entrepreneurial growth within the fast-growing legal cannabis sector. The Company, recently completed a name and symbol change from Cascade Energy, Inc. Cannabis Strategic Ventures offers outsourced personnel solutions that are tailor-made to match the growth dynamics of cannabis cultivators, manufacturers, dispensaries, and other cannabis marketplace participants. 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.
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SOURCE Cannabis Strategic Ventures, Inc.