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Cannabis Strategic Ventures Completes Two-Year Audit in Preparation of SEC filing and Up Listing

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LOS ANGELES, July 26, 2018 (GLOBE NEWSWIRE) -- via NetworkWire -- Cannabis Strategic Ventures, Inc. (the "Company") (NUGS) is pleased to announce the completion of the financial audits for fiscal years 2016 and 2017. The Company is now in the process of preparing full financial reports and completing its financial audit for the year ended March 31, 2018, in preparation for moving NUGS to fully reporting status with the Security and Exchange Commission (SEC).

"Our team has made significant progress over the past few quarters, having signed several important strategic and tactical business arrangements relating to some of the fastest growing areas of the cannabis business sectors. While building on our business portfolio is very important to us, bringing the Company up to fully reporting status and up listing to a higher OTC Markets tier is also a top priority. We believe it is important to provide the reliable and transparent information to our shareholders. With these audits now behind us, we have taken critical steps toward this goal. We expect to also soon report the completion of the audit for our recently closed fiscal year and the filing of related financial reports," commented Simon Yu, CEO of Cannabis Strategic Ventures .

The Company operates on a March 31st fiscal year-end; thus the 2016, 2017 and 2018 fiscal years ended on March 31, 2016, March 31, 2017, and March 31, 2018, respectively.

About Cannabis Strategic Ventures, Inc.

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 OTC Markets with the stock symbol NUGS. For more information, visit: http://www.CannabisStrategic.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
+1-310-359-6860
Info@CannabisStrategic.com

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NetworkNewsWire (NNW)
New York, New York
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