Cannabis Strategic Ventures, formerly Cascade Energy, Closes Financings Totaling Over $700,000
July 18 2017 - 8:05PM
InvestorsHub NewsWire
Cannabis Strategic Ventures, formerly Cascade
Energy, Closes Financings Totaling Over
$700,000
LOS ANGELES, CA -- July 18, 2017 -- InvestorsHub
NewsWire -- Cascade Energy, Inc. (OTC
PINK: CSCE), today announces the closing of its latest round of
financing, which will enable it to address the fast-growing market
for outsourcing and staffing for the legal cannabis
marketplace. The Company has now completed two rounds of
financing through private placements, totaling over
$700,000.
“Mr. Simon Yu, CEO, commented, “With this latest
round of financing we will be able to accelerate our business
transition into staffing for the legal cannabis sector. We
are currently negotiating several contracts in the State of
Washington, which can now be accelerated due to the closing of
these financings. It is an exciting time for our growing
staff and for our investors.”
While there were, according to Marijuana
Business Daily, between 100,000 and 150,000 jobs in the legal
cannabis marketplace as of January 2017, the number of cannabis
workers in expected to climb to well over a quarter million over
the next few years. In fact, the cannabis industry is
expected to create more jobs in the American economy than will the
manufacturing sector by the year 2020. With this rapid growth
in employment, the Company believes the outsourced staffing
opportunity is very substantial.
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.
SOURCE: Cascade Energy, Inc.
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