Cascadia Provides Clarification of Company Affairs

By , in PR PR World on .
VANCOUVER, British Columbia, Dec. 22, 2017 — Cascadia Consumer Electronics Corp. (“Cascadia” or the “Company”) (CSE:CK) advises that it has received a notice from the Canadian Securities Exchange (the “CSE”) that its proposed transition to a blockchain/cryptocurrency company constitutes a fundamental change under CSE Policy 8 and the resulting issuer must qualify for listing under CSE Policy 2.  While the Company obtained shareholders’ approval for the proposed change of business, it did not have its information circular reviewed by the CSE and accordingly, the Company’s fundamental change has not been approved by the CSE.
The Company currently is not “a blockchain technology platform developer in the digital asset and cryptocurrency sector” until its application to re-qualify for listing the securities of resulting issuer has been approved by the CSE.  The Company intends to file a listing statement with the CSE shortly to obtain approval of the CSE for the proposed fundamental change. Cascadia is halted and will remain halted until the re-qualification process is completed.About Cascadia
Listed on the Canadian Securities Exchange (CSE:CK) and headquartered in Vancouver, BC, Cascadia is a technology company operating from both Vancouver, Canada and Beijing, China.
For further information, please contact:Cascadia Consumer Electronics Corp.
Garry Wong
Chief Financial Officer
[email protected]
www.cascadiacorp.comThe CSE does not accept responsibility for the adequacy or accuracy of this release.
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Sarah Thompson

Sarah Thompson

Sarah is a financial reporter, focusing on technology, national security, and policing. Before joining Daily Telescope she worked as a staff writer at Fast Company and spent two years as a foreign correspondent in Turkey. Her work has been published in Al Jazeera America, The Nation, Vice News, Motherboard, and many other outlets.
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