LOS ANGELES, July 18, 2017 /PRNewswire/ --
Cascade Energy, Inc. (OTC PINK: CSCE) today announces the closing of itslatest round of financing, which will enable it to address the fast-growing market for outsourcing and staffing for the legal cannabis marketplace. The Company has now completed two rounds of financing through private placements, totaling over
Mr. Simon Yu, CEO, commented, "With this latest round of financing, we will be able to accelerate our business transition into staffing for the legal cannabis sector. We are currently negotiating several contracts in the State of Washington, which can now be accelerated due to the closing of these financings. It is an exciting time for our growing staff and for our investors."
While there were, according to Marijuana Business Daily , between 100,000 and 150,000 jobs in the legal cannabis marketplace as of January 2017, the number of cannabis workers is expected to climb to well over a quarter million over the next few years. In fact, the cannabis industry is expected to create more jobs in the American economy than the manufacturing sector by the year 2020. With this rapid growth in employment, the Company believes the outsourced staffing opportunity is very substantial.
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.
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SOURCE Cascade Energy, Inc.
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