Business
Cannabis Strategic Ventures Announces Completion of Fiscal Year 2018 Audit and Pursues Fully Reporting Status
Cannabis Strategic Ventures Announces Completion of Fiscal Year 2018 Audit and Pursues Fully Reporting Status.
About this update from Cannabis Strategic Ventures
[{"type":"text","content":"\nLOS ANGELES, Sept. 27, 2018 (GLOBE NEWSWIRE) -- via NetworkWire -- Cannabis Strategic Ventures, Inc. (OTC Pink: NUGS) is pleased to announce the completion of a full audit for its fiscal year ending March 31, 2018. This completes the three-year audit required as part of becoming a fully reporting company with the U.S. Securities & Exchange Commission (“SEC”). Cannabis Strategic Ventures will utilize the audit results to file future reports and disclosures with the SEC and move the Company to fully reporting status. The Company will also use the fully reporting status to uplist to a higher OTC Markets tier. \n “Audits tend to be the most time-consuming part of the financial reporting process. With the final audit completed, we can pivot to filing disclosures and reports with the SEC,” commented Simon Yu, CEO of Cannabis Strategic Ventures. “Despite delays in the process, we remain committed to shareholder transparency and to providing shareholders with timely information about our position in the fast-growing legal cannabis marketplace and all aspects of our financials.  We are pleased to report today we are making significant progress on meeting our commitments to our shareholders and fully expect NUGS to soon be among the ranks for fully reporting companies.” Cannabis Strategic Ventures initially began as an employment service company for the cannabis industry and recently expanded its strategy to lead brands in several cannabis industry verticals. The Firm recently expanded its brand portfolio through partnerships with: Asher House LLC for the Asher House Pet CBD product line; Fitamins, a CBD brand with a network of more than 600 wholesalers; True Promise Beauty for a joint venture on a CBD skincare line; production of the patent pending filter for cannabis products, Halo Filter; and entry into cannabis extraction with its Pure Organix brand. About Cannabis Strategic VenturesCannabis 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 mentorship 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 publicl...