Cannabis Strategic Ventures Secures $3 Million Investment to Accelerate Corporate Expansion
February 20 2019 - 6:00AM
InvestorsHub NewsWire
Cannabis Strategic Ventures Secures
$3 Million Investment to Accelerate Corporate Expansion
LOS ANGELES, CA -- February 20,
2019 -- InvestorsHub NewsWire -- Los Angeles based Cannabis
Strategic Ventures, Inc. (OTC:
NUGS) today announced it has secured up to a 3 million dollar
investment from TRITON FUNDS subsequent to an upcoming S1
registration statement. TRITON FUNDS is
a San Diego based investment fund focused on creating a
greater sense of community through investments in local companies,
entrepreneurs and philanthropy. The new partnership is led by
TRITON FUNDS Advisor, Mr. Robert Hymers III CPA and alumni of
California State University Northridge where TRITON FUNDS was
founded.
The new financing will allow
Cannabis Strategic Ventures to accelerate its business priorities
related to cannabis cultivation operations in California and the
expansion of existing portfolio brands such as The Asher House
Wellness, Fitamins and LYXR.
"Cannabis Strategic Ventures is proud to partner with TRITON FUNDS,
an organization with a mission that is closely aligned with ours,
and who sees the potential of the larger cannabis industry," said
Simon Yu, CEO, Cannabis Strategic Ventures. "California is
instrumental in setting the pace for the larger cannabis
industry-both nationally and globally, and we are thrilled to have
found a local partner to escalate the projects that we believe will
positively impact stakeholder value to create superior, sustainable
returns."
TRITON FUNDS was started by three undergraduate students from
Southern California aspiring to create an investment vehicle with a
millennial touch. The Firm, partners with local limited partners,
an advisory board, and academic mentors to create real-world
opportunities for college students to invest in growing companies.
As an advisor to TRITON FUNDS, Hymers brings extensive cannabis
experience as the former Chief Financial Officer of American
Cannabis Company, Chief Financial Officer at Marijuana Company of
America, and as a member of the California Cannabis Advisory
Taxation Taskforce (CATT), a group which aims to assist California
state legislature develop and enhance new cannabis tax laws and
regulations.
"As the cannabis industry continues
to expand into mainstream society, it will naturally evolve to
impact sectors that TRITON FUNDS is already investing in," said Sam
Yaffa, Co-Founder, TRITON FUNDS. "A partnership with an emerging
industry leader like Cannabis Strategic Ventures makes perfect
sense."
Dmitriy Slobodskiy, Senior
Partner, TRITON FUNDS, added, “Currently, we see the cannabis industry
expanding at an exponential rate. With many companies still
struggling to show revenue, we are proud of our ability to locate
and invest in the cannabis sector. Cannabis Strategic Ventures is
the epitome of our investment criteria. We value strong management
with a clear vision towards the future, and the management team
delivers just that. They’re able to connect with like-minded
individuals helps to establish our millennial-touch in this
space.”
About TRITON FUNDS
TRITON FUNDS was started by three undergraduate students from
Southern California aspiring to create an investment fund with a
millennial touch. The journey began on the streets of La Jolla,
California, in search of investors willing to back the idea of a
student-run fund that creates a greater sense of community through
investments in local companies and entrepreneurs, philanthropy, and
guidance to fellow college students interested in the finance
field. As a result, local limited partners, coupled with the
support of our advisory board, helped establish TRITON FUNDS,
creating real-world opportunities for college students to invest in
growing companies. For more information, visit www.TritonFunds.com
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
operational and financial strategic partnerships 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
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