LOS ANGELES, March 22, 2018 /PRNewswire/ --
Cannabis Strategic Ventures, Inc. (OTC Pink: NUGS) today
announces the filing of a new provisional patent in the booming
cannabis sector. The technology covered under the provisional
patent is for a unique and proprietary filtration product that
significantly reduces heavy chemicals, tars and harsh tastes in
cannabis smoke, while still preserving THC output and terpenes.
Mr. Simon Yu, CEO of Cannabis
Strategic Ventures, commented, "We are very proud of this
internally developed intellectual property. Our new technology
filters out the things you do not want, but still preserves all the
positive attributes of the cannabis experience. We expect to soon
announce products based on our inventions. The beauty of this
product is that it will be distributed internationally both online
and through wholesale channels."
While millions enjoy the cannabis smoking experience, there are
clearly health risks. Cannabis smoke contains many toxins and heavy
metals. The team at Cannabis Strategic has developed a new
filtration technology based on lab-tested, proprietary fabrics that
work to reduce these harmful effects by up to 80%. The first
iteration of the technology will apply to pre-rolled products which
account for the largest percentage of the cannabis market, but
later versions will be specifically designed for all smoking
types.
Mr. Yu continued, "We have already completed extensive testing of
the technology with nearly one thousand units utilized by dozens of
users. The results have been almost unanimous with real-world users
commenting on the ease of use and the strong value proposition
created due to reduced possible negative health effects. We plan to
be out on the market with products over the short term. We also
feel there are strong branding and OEM manufacturing possibilities
for us relative to this new set of inventions. We plan to make
additional announcements relative to these new IP and new products
in the near future.
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.
Contact:
Phone: +1-310-359-6860
Email: info@cannabisstrategic.com
Website: http://www.cannabisstrategic.com
SOURCE Cannabis Strategic Ventures, Inc.