- U.S.
cannabis market growing at an accelerated rate with industry analysts
projecting a $50 billion marketplace by 2026
- Investments
into cannabis ventures expected to grow 1,308%, reaching $100 billion by
2029
- Through
subsidiaries like BudHire™, company is uniquely positioned to fully
capitalize on burgeoning need for outsourced personnel solutions for the
cannabis sector
- Job
postings within the cannabis industry increased by 445% in 2017, an
explosive change from the 18% year-over-year cannabis jobs growth in 2016
Cannabis Strategic Ventures, Inc. (OTC: NUGS), headquartered
in Los Angeles, California, is focused on supporting entrepreneurial growth
within the fast-growing legal cannabis sector. Through a selective portfolio of
subsidiaries, Cannabis Strategic Ventures offers outsourced personnel solutions
tailor-made to match the growth dynamics of cannabis cultivators, manufacturers,
dispensaries and other cannabis marketplace participants. The company also
pursues investment opportunities in the areas of real estate, cultivation,
extraction, distribution, packaging, dispensary operations, and branded
products within the cannabis space.
The legalization of adult-use sales in California is
expected to create nearly 99,000 cannabis industry jobs in the state by 2021,
representing about a third of all cannabis jobs nationwide, and 146,000 jobs
overall when indirect and induced efforts are considered, according to Arcview
Market Research. By 2021, direct cannabis industry employment will top 291,500
FTE jobs, with a total employment effect of nearly 414,000 FTEs across all
legal cannabis states, according to the report.
Cannabis Strategic Ventures believes its staffing
capabilities will be in a similar state of demand. The company in April 2018
completed a definitive agreement to acquire Worldwide Staffing Group, Inc.,
which booked approximately $1.5 million in revenues in 2017.
Worldwide will operate within Cannabis Strategic Ventures as
an independent and separate wholly owned subsidiary providing strictly
non-cannabis related employment and staffing services. As Worldwide continues
to expand its operations in general clerical and administrative, marketing,
accounting, and other verticals, Cannabis Strategic Ventures will leverage the
subsidiary’s expertise to expand its business operations further into the
cannabis staffing arena, with an emphasis on the California markets.
Cannabis Strategic Ventures’ BudHire™ subsidiary is an
outsourced employment service specifically designed to meet the needs of
growing cannabis-related business operations, utilizes a proven recruiting
formula to match the most qualified candidates to a broad spectrum of
cannabis-related jobs. Under the BudHire™ brand, Cannabis Strategic Ventures
offers temporary, seasonal, permanent staffing solutions, as well as
professional employment organization services and human resources consulting to
the cannabis industry.
Cannabis Strategic Ventures portfolio also includes Pure
Applied Sciences Inc. and its brand “PureOrganix™,” a line of high quality
concentrate, organic and pure cannabis oils that conform with Current Good
Manufacturing Practices (cGMP) and meet FDA guidelines for Active
Pharmaceuticals Products (API). The acquisition includes all intellectual
properties, including formulations and technologies, and related accessories of
Pure Applied Sciences.
Cannabis Strategic Ventures Pure Applied Sciences subsidiary,
has a cannabis concentrate extraction services agreement with CP Logistics LLC
(“CPL”), a wholly owned U.S. subsidiary of Sunniva Inc. (CSE: SNN) (OTCQX:
SNNVF). Under this agreement, CPL will perform white label services producing
high quality, ultra-purified cannabis extracts out of its Sun-Oil Facility in
Cathedral City, California, for Pure Applied Sciences under the Pure Organix
brand name.
The management team at Cannabis Strategic Ventures believes
there is incredible opportunity to carve-out and control specific industry
niches, to create unique cannabis consumer branded products, and to expand into
other sub-sectors of the cannabis marketplace.
For more information, visit the company’s website at www.CannabisStrategic.com
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