Cannabis Strategic Ventures (NUGS) and Marijuana Company of America (MCOA) Managing Growth With New Staffing Contract
March 07 2018 - 3:57PM
InvestorsHub NewsWire
Cannabis Strategic Ventures (NUGS) and Marijuana Company of
America (MCOA) Managing Growth With New Staffing
Contract
LOS ANGELES, CA -- March 7, 2018 -- InvestorsHub NewsWire --
Cannabis Strategic Ventures, Inc. (OTC:
NUGS) and Marijuana Company of America Inc. (OTC: MCOA)
announced the signing of staffing agreement between the two
companies today. Under the terms of the agreement, Cannabis
Strategic Ventures will provide long term staffing functions,
benefits management, payroll processing and outsourced employment
on behalf of MCOA and its wholly owned subsidiary: hempSMART.
In December, Cannabis Strategic announced it would begin targeting
companies doing business in the rapidly emerging California market
place, augmenting Cannabis Strategic’s success from operations in
the State of Washington. This agreement represents an important
milestone for Cannabis Strategic in achieving penetration into the
important California market.
Mr. Simon Yu, CEO of Cannabis Strategic commented, “It is rewarding
for our staff to begin penetrating the California marketplace and
we are very pleased an industry leader such as Marijuana Company of
America is our first major partner in this endeavor. We are
currently in various stages of similar agreements with several
companies, both inside and outside of the California.”
The outsourced human resources services provided by Cannabis
Strategic can be an important component to many corporate growth
strategies within the cannabis and hemp sectors. These
services allow management teams to concentrate growing the business
instead of having to concentrate on the often time consuming and
expensive human resources part of the business operation.
Donald Steinberg, MCOA's CEO said, “The legal cannabis and
hemp sectors are growing very fast and are extremely dynamic.
This outsourced HR agreement with Cannabis Strategic will allow our
company a lot more flexibility to respond quickly to the many
current and future changes within the marketplace. Our
employees are one of our most important assets and this agreement
will further ensure our continued commitment to our staff.”
Cannabis Strategic’s services are specifically designed to meet the
unique needs of cannabis and hemp business operators. While
the rapidly growing sector is expected to create thousands of new
jobs, many industry operators are having problems finding and
retaining qualified staff. Additionally, the costs of hiring,
managing and compensating employees and the employment risks are
often beyond the means of many operators. Cannabis Strategic will
offload many of these burdens, allowing cannabis entrepreneurs to
focus on growing or selling their products and services.
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.
About Marijuana Company of America, Inc.
MCOA is a corporation which participates in: (1) product
research and development of legal hemp-based consumer products
under the brand name "hempSMART™", that targets general health and
well-being; (2) an affiliate marketing program to promote and sell
its legal hemp-based consumer products containing CBD; (3) leasing
of real property to separate business entities engaged in the
growth and sale of cannabis in those states and jurisdictions where
cannabis has been legalized and properly regulated for medicinal
and recreations use; and, (4) the expansion of its business into
ancillary areas of the legalized cannabis and hemp industry, as the
legalized markets and opportunities in this segment mature and
develop. For more information, please visit the Company's
websites at:
MarijuanaCompanyofAmerica.com
HempSmart.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: Simon Yu
Phone:+1-310-359-6860
Email: info@cannabisstrategic.com
Website: http://www.cannabisstrategic.com
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