Cannabis Strategic Ventures, Inc. (OTC: NUGS) this morning announced the completion of a full audit for its fiscal year ended March 31, 2018. Per the update, this milestone completes the three-year audit required to become a fully reporting company with the U.S. Securities & Exchange Commission. Cannabis Strategic Ventures intends to use its fully reporting status to uplist to a higher OTC Markets tier. “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,” Simon Yu, CEO of Cannabis Strategic Ventures, stated in the news release. “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.”
To view the full press release, visit http://cnw.fm/v5DPs
About Cannabis Strategic Ventures, Inc.
Cannabis 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 publicly traded on the U.S. Over the Counter Market with the stock symbol NUGS. For more information, visit the company’s website at www.CannabisStrategic.com
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