LOS ANGELES, Aug. 22, 2018 (GLOBE NEWSWIRE) -- via NetworkWire -- 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 travelling 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.
Corporate Communications Contact:
New York, New York
SOURCE: Cannabis Strategic Ventures, Inc.
Source: Cannabis Strategic Ventures, Inc.