Cannabis Strategic Acquires Asher House Pet CBD Brand
August 22 2018 - 10:14AM
InvestorsHub NewsWire
Cannabis Strategic
Acquires Asher House Pet CBD Brand
Los Angeles, CA --
August 22, 2018 --
InvestorsHub NewsWire -- Cannabis Strategic
Ventures, Inc. (OTC
Pink: NUGS) today announces its acquisition of The Asher House
Pet CBD brand from The Asher House LLC. Under the terms of
the brand acquisition agreement, Cannabis Strategic Ventures will
acquire controlling interest in the Asher House Pet CBD line, a
line of U.S. hemp derived cannabidiol (CBD) supplements for pets,
which continues gaining national
attention.
“Through the Asher
House acquisition, Cannabis Strategic continues to expand its
already diverse portfolio of Cannabis focus brands and service
offerings. At Cannabis Strategic, we believe that investing
in people is as important as investing in industry-leading products
and technologies,” commented Mr. Simon Yu, CEO, of Cannabis
Strategic. “Lee and Luke’s passion for pet adoption and pet
wellness is one of the key ingredients to Asher House’s national
recognition. We welcome Lee Asher and Luke Barton, the founders of
Asher House, to the NUGS family.
The Agreement between
the companies calls for Asher House to continue promoting the Asher
House CBD brand nationwide while Cannabis Strategic provides the
infrastructure to support enhanced marketing programs and the
expected increases in product sales. Lee and Luke have
recently obtained significant press coverage for their unique
marketing strategy involving traveling throughout the United States
in their motorhome with their six rescue dogs to promote pet
adoption and the CBD product line. The Asher House was most
recently covered by leading national outlets including The
Washington Post, Playboy.com and Fox.
“This company is our
life calling and is about much more than simply profits. Our
goal is to grow a healthy business while we promote pet health,
safety and rescue,” said Lee Asher, co-founder, of The Asher House.
“We have introduced our products to thousands of pet owners
throughout the United States. This is an important effort for us,
and we are very happy to have Cannabis Strategic as a partner that
shares our ethics and goals.”
Cannabidiol better
known as CBD, is one of the many compounds specifically found in
the Cannabis plant that is believed to provide therapeutic effects
without the “high” feeling. It is believed that CBD for Pets
can treat stress, anxiety, pain, arthritis and other ailments in
pets. According to Hemp Business Journal, the CBD market is
projected to grow to a $2.1 billion market by 2020. Recent research
by the American Pet Products Association suggests that Americans
will spend about $70 billion on their pets and $100 billion
globally.
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:
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)
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