Strategic Asset Leasing Inc. Announces New Subsidiary
Strategic Asset Leasing Inc. (OTC PINK:LEAS) has formed a new subsidiary, CryptoGen, LLC, to manage its crypto mining and related operations. This strategic move comes ahead of a planned acquisition of a cryptocurrency mining data center and a joint venture in Montana. CEO Jason Tucker emphasized the necessity of this subsidiary to manage their expanding crypto endeavors effectively. The company is also contemplating another subsidiary focused on its cannabis banking assets, aiming to enhance shareholder value in rapidly growing sectors like FinTech and IoT.
- Formation of CryptoGen, LLC, dedicated to crypto mining operations.
- Anticipated acquisition of a cryptocurrency mining data center, enhancing operational capacity.
- Potential joint venture in Montana, indicating strategic expansion.
- None.
CHEYANNE, WY / ACCESSWIRE / September 29, 2020 / Strategic Asset Leasing Inc. (OTC PINK:LEAS), the Company, is pleased to announce the formation of a new subsidiary, CryptoGen, LLC.
CryptoGen, a Wyoming company, will be responsible for handling all of Strategic's crypto mining and related operations.
In anticipation of the final agreement to acquire a cryptocurrency mining data center as well as a proposed joint venture in Missoula County, MT, the Company found it prudent to form a subsidiary solely dedicated to its crypto assets. The company is also considering an additional subsidiary for it's cannabis banking assets.
Stated CEO, Jason Tucker: "With our pending acquisition as well as a recent pending JV in Montana that we have not announced, I believe it was in the best interest of Strategic to establish this subsidiary to compartmentalize our various expanding endeavors. We are very close to announcing a final acquisition of our crypto mining farm and this was a necessary step going forward."
About:
About Strategic Asset Leasing Inc.: LEAS is focused on leveraging technology assets with a focus on the FinTech Industry and Internet of Things (IoT). These are rapidly growing sectors where Strategic will be developing and licensing technologies that will help companies penetrate these markets, increasing shareholder value.
About VINSA Consulting: VINSA Consulting is the leading sales and operations consulting firm for the California cannabis industry. Focused on bringing forward-thinking, high-impact business strategies and practices to the cannabis supply chain.
About Electric Tribe: is a Seattle and Los Angeles based software studio that designs & develops technology products for emerging industries. Electric Tribe has significant project experience in the nascent cannabis sector.
Forward Looking Statements:
This press release contains forward-looking statements. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Contact:
info@strategicassetleasing.net
SOURCE: Strategic Asset Leasing Inc.
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FAQ
What is the purpose of Strategic Asset Leasing's new subsidiary CryptoGen?
What acquisitions are planned by Strategic Asset Leasing?
What joint venture is Strategic Asset Leasing pursuing?
How does Strategic Asset Leasing plan to increase shareholder value?
