Cascade Energy Receives Important Regulatory Approvals Advancing Business Operations

LOS ANGELES, Aug. 22, 2017 /CNW/ - Cascade Energy, Inc. (OTC PINK: CSCE) today announces the completion of several important regulatory hurdles moving the Company an additional step closer to becoming fully operational within the fast-growing medical and legal recreational cannabis sectors. The Company, which has filed for a name change to Cannabis Strategic Ventures, will provide temporary, permanent, and long-term staffing solutions, employment and human resources consulting and Professional Employment Organization services to the legal Cannabis space.

The Company has recently received approval for operation in the state of Washington. Management considers this an important milestone achievement as there are advanced discussions with various cannabis-related operations for utilization of the Company's services. This formal approval will allow the management to move into final contract negotiations.

Mr. Simon Yu, CEO noted, "We have been very busy with the state approval process and we are happy to report success in this area. Additionally, we have also been approved for workers' compensation insurance, which is vital for any staffing-related operation. We felt most of the regulatory and licensing process is now behind us allowing us to move our business plan forward. Interest in our services, especially within the state of Washington, has been very strong."

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 the 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.

SOURCE Cascade Energy, Inc.

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