Cannabis Strategic Ventures Announces Completion of Fiscal Year 2018 Audit and Pursues Fully Reporting Status
September 27 2018 - 8:30AM
InvestorsHub NewsWire
Cannabis Strategic Ventures Announces Completion of Fiscal Year
2018 Audit and Pursues Fully Reporting
Status
Los Angeles, CA -- September 27, 2018
-- InvestorsHub NewsWire -- Cannabis Strategic Ventures, Inc.
(OTC
Pink: NUGS) is pleased to announce the completion of a full
audit for its fiscal year ending March 31, 2018. This completes the
three-year audit required as part of becoming a fully reporting
company with the U.S. Securities & Exchange Commission (“SEC”).
Cannabis Strategic Ventures will utilize the audit results to file
future reports and disclosures with the SEC and move the Company to
fully reporting status. The Company will also use the fully
reporting status to uplist to a higher OTC Markets
tier.
“Audits tend to be the most
time-consuming part of the financial reporting process. With the
final audit completed, we can pivot to filing disclosures and
reports with the SEC,” commented Simon Yu, CEO of Cannabis
Strategic Ventures.
“Despite delays in the process, we
remain committed to shareholder transparency and to providing
shareholders with timely information about our position in the
fast- growing legal cannabis marketplace and all aspects of our
financials. We are pleased to report today we are making
significant progress on meeting our commitments to our shareholders
and fully expect NUGS to soon be among the ranks for fully
reporting companies.”
Cannabis Strategic Ventures initially
began as an employment service company for the cannabis industry
and recently expanded its strategy to lead brands in several
cannabis industry verticals.
The Firm recently expanded its brand
portfolio through partnerships with: Asher House LLC for the Asher
House Pet CBD product line; Fitamins, a CBD brand with a network of
more than 600 wholesalers; True Promise Beauty for a joint venture
on a CBD skincare line; production of the patent pending filter for
cannabis products, Halo Filter; and entry into cannabis extraction
with its Pure Organix brand.
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.
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
SOURCE: Cannabis Strategic Ventures,
Inc.
Cannabis Strategic Ventu... (CE) (USOTC:NUGS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cannabis Strategic Ventu... (CE) (USOTC:NUGS)
Historical Stock Chart
From Apr 2023 to Apr 2024