Cannabis Strategic Ventures, Inc. Begins Production of Cannabis Filtration Device, Halo Filters
August 14 2018 - 7:30AM
InvestorsHub NewsWire
Cannabis Strategic Ventures, Inc. Begins Production of Cannabis
Filtration Device, Halo
Filters
Los Angeles, CA --
August 14, 2018 -- InvestorsHub NewsWire -- 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.
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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