LOS ANGELES, July 13, 2017 /PRNewswire/ --
Cascade Energy, Inc. (OTC PINK: CSCE), today announces its plans to become Cannabis Strategic Ventures, Inc., focusing on outsourced staffing and employment opportunities in the fast-growing medical and legal recreational cannabis sectors. The Company is in process of applying to FINRA for both formal name and ticker changes upon FINRA's approval.
While there were, according to Marijuana Business Daily, between 100,000 and 150,000 jobs in the legal cannabis marketplace as of January 2017, the number of cannabis workers is expected to climb to well over a quarter million over the next few years. In fact, the cannabis industry is expected to create more jobs in the American economy than will the manufacturing sector by the year 2020. With this rapid growth in employment, the Company believes the outsourced staffing opportunity is very substantial.
Simon Yu, CEO, commented, "We already have numerous opportunities to staff the operations of several Washington State I502 license holders and as a result, we are working on filling out our new management team to address what we believe are very substantial industry opportunities. We will be providing our investors with more news shortly pertaining to our name and ticker symbol changes and on the status of our funding raising efforts. We could not be more excited about focusing on helping legal cannabis businesses to meet their growing staffing requirements."
The management team of the new Cannabis Strategic Ventures is headed by Mr. Simon Yu who already experienced considerable success in the business staffing sector by way of over nine years in related staffing sales, operations, and senior management functions. Mr. Yu also has launched startups in E-commerce, import/export, and medical devices. Additionally, he is a Startup Advisor at the University of Southern California's Business Incubator and an Adjunct Professor of Entrepreneurship at California State University, Los Angeles. Simon graduated from the University of Southern California with an MBA and a Graduate Certificate in Technology Commercialization.
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.
SOURCE Cascade Energy, Inc.