LOS ANGELES, March 7, 2018 /PRNewswire/ —
Cannabis Strategic Ventures, Inc. (OTC: NUGS) and Marijuana Company of America Inc. (OTC: MCOA) announced the signing of staffing agreement between the two companies today. Under the terms of the agreement, Cannabis Strategic Ventures will provide long term staffing functions, benefits management, payroll processing and outsourced employment on behalf of MCOA and its wholly owned subsidiary: hempSMART.
In December, Cannabis Strategic announced it would begin targeting companies doing business in the rapidly emerging California market place, augmenting Cannabis Strategic’s success from operations in the State of Washington. This agreement represents an important milestone for Cannabis Strategic in achieving penetration into the important California market.
Mr. Simon Yu, CEO of Cannabis Strategic commented, “It is rewarding for our staff to begin penetrating the Californiamarketplace and we are very pleased an industry leader such as Marijuana Company of America is our first major partner in this endeavor. We are currently in various stages of similar agreements with several companies, both inside and outside of the California.”
The outsourced human resources services provided by Cannabis Strategic can be an important component to many corporate growth strategies within the cannabis and hemp sectors. These services allow management teams to concentrate growing the business instead of having to concentrate on the often time consuming and expensive human resources part of the business operation.
Donald Steinberg, MCOA’s CEO said, “The legal cannabis and hemp sectors are growing very fast and are extremely dynamic. This outsourced HR agreement with Cannabis Strategic will allow our company a lot more flexibility to respond quickly to the many current and future changes within the marketplace. Our employees are one of our most important assets and this agreement will further ensure our continued commitment to our staff.”
Cannabis Strategic’s services are specifically designed to meet the unique needs of cannabis and hemp business operators. While the rapidly growing sector is expected to create thousands of new jobs, many industry operators are having problems finding and retaining qualified staff. Additionally, the costs of hiring, managing and compensating employees and the employment risks are often beyond the means of many operators. Cannabis Strategic will offload many of these burdens, allowing cannabis entrepreneurs to focus on growing or selling their products and services.
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.
About Marijuana Company of America, Inc.
MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreations use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop. For more information, please visit the Company’s websites at:
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.
