LOS ANGELES, January 3, 2018 /PRNewswire/ --
Cannabis Strategic Ventures, Inc. (OTC Pink: NUGS) today announces it has signed a letter of intent with an approximately two acre cannabis cultivation and processing project in Santa Barbara County. The successful implementation of the project will not only expand the investment portfolio of the Company, but will also provide valuable experience for the management team toward building larger scale projects in the future.
Mr. Simon Yu, CEO of Cannabis Strategic commented, "The opening of the California market is important to our Company and its investors and we plan to be a part of this growth dynamic. We believe the Santa Barbara project could ultimately turn into both a cultivation and extraction facility. Over the past few months we have been recruiting strategic partners with expertise in both areas to prepare for this growth. We are now moving into the due diligence phase of this project and have begun talks with other projects in California as well."
With the opening of the California recreational market earlier this week, Cannabis Strategic believes expansion out of its first market, Washington State, into California presents significant opportunities for the Company. The Company plans to pursue investment opportunities in not only outsourced employment, human resources and staffing operations, but also in the areas of real estate, cultivation, extraction, packaging and dispensary operations.
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. We help small business owners launch their dreams. 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 publically 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.
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SOURCE Cannabis Strategic Ventures, Inc.