Cannabis Strategic Ventures, Inc. (OTC Pink: NUGS) is engaged as a cannabis consulting company. Shares of the cannabis venture and consulting services provider are surging 168.75% on Wednesday, December 20, 2017. Over the past month, Cannabis Strategic Ventures, Inc. has seen average daily volume of 26,442 shares. However, volume of 769,760 shares or dollar volume of $330,996, has already exchanged hands on the day.
Shares of Cannabis Strategic Ventures, Inc. are jumping today, after the company announced it is taking steps to prepare for the upcoming legalization of recreational marijuana in California, which officially occurs on January 1, 2018. The company has created a financing and investment pool that will be used in California cannabis projects. Specifically, the funding will focus on cultivation to begin. Here is the full press release detailing of the preparations:
LOS ANGELES, December 19, 2017 /PRNewswire/ –Cannabis Strategic Ventures, Inc. (OTC Pink: NUGS) today announced it is creating a financing and investment pool geared toward investment in cannabis projects in California. This pool will be managed by the Cannabis Strategic Ventures team with initial investments targeting cultivation opportunities.
“While most of our investors consider us to be an employment and staffing service targeting the emerging cannabis sector, we now plan to show investors a much broader path for the Company,” commented Simon Yu, CEO of the Company. “While we have already signed an employment deal in Washington with more on the horizon, we are now beginning the process of performing due diligence on multiple emerging cannabis cultivation opportunities, with the most advanced project being located in Santa Barbara country.”
With the opening of the California recreational market in less than two weeks, Cannabis Strategic believes expansion out of its first market, Washington State, into California presents significant opportunities for the Company. The Company plans to pursue investment opportunities in not only Employment, HR and Staffing operations, but also in the areas of real estate, cultivation, extraction, packaging and dispensary operations.
About Cannabis Strategic Ventures, Inc.
Cannabis Strategic Ventures, Inc. is based in Los Angeles and is focused on supporting entrepreneurial growth within the fast-growing legal cannabis sector. We help small business owners launch their dreams. 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 publically 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.