Cannabis Strategic Ventures Submits Application to Uplist to OTCQB® Venture Market
January 08 2019 - 7:30AM
InvestorsHub NewsWire
Cannabis Strategic Ventures Submits
Application to Uplist to OTCQB® Venture Market
LOS ANGELES, CA -- January 8,
2019 -- InvestorsHub NewsWire -- Cannabis Strategic
Ventures, Inc. (OTC:
NUGS) today announces that it has submitted its application to
uplist to the OTCQB® Venture Market. The uplisting criteria
require the Company to file financial and other reports to the
Securities & Exchange Commission in a timely manner in addition
to undergoing an extensive verification
and certification process. The Company believes it meets all of the
requirements for a successful uplisting.
“We are
excited to submit our application to the OTCQB Tier, which
has more stringent reporting standards and compliance requirements,
and requires companies to maintain a minimum share prices and to be
fully reporting,” states Cannabis Strategic Ventures CEO Simon Yu.
“We have many new initiatives planned 2019 and we are managing our
business operations for growth. This uplisting is designed to
demonstrate to our investors and to the marketplace that Cannabis
Strategic Ventures is well-prepared for the
future.”
Companies that uplist to higher
tiers typically provide investors with increased transparency,
which can result in greater awareness and liquidity. For Cannabis
Strategic Ventures, uplisting also supports the Company’s broader
growth strategy, which includes its recent acquisitions of several
hemp-derived cannabidiol (“CBD”) brands in the cannabis and
ancillary sectors, including The Asher House Wellness, Fitamins,
LYXR. The Company is also targeting several hard assets consisting
of various growth facilities.
Cannabis Strategic Ventures believes
cannabis industry growth will continue at a rapid rate, fueled by
medical and recreational legalizations, as well as the recent
passage of the 2018 Farm Bill. A 2018 report by Grandview Research
predicts the global industrial hemp market size to reach US$10.6
billion by 2025, an amount propelled by increased demand for
high-quality cosmetics, personal care products, protein
supplements, and other health food products.
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 mentorship 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.
For more information, visit http://www.CannabisStrategic.com
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: IR@CannabisStrategic.com
Website: http://www.CannabisStrategic.com
Corporate Communications
Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
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