- Cannabis
Strategic Ventures working toward fully reporting status with SEC, OTC
exchange
- Company’s
portfolio includes professional staffing services, high-quality cannabis
oils
- Cannabis
industry expected to be responsible for more than 600,000 jobs by 2025
Cannabis Strategic Ventures, Inc. (OTC: NUGS) has pursued
its mission to foster legalized cannabis industry value-adds by building a
portfolio of vertically integrated companies, and now the company is preparing
to uplist on the public markets by refocusing its efforts on bringing its
financial reporting up to par.
“While building on our business portfolio is very important
to us, bringing the Company up to fully reporting status and up listing to a
higher OTC Markets tier is also a top priority,” Cannabis Strategic Ventures
CEO Simon Yu stated in a recent news release (http://ibn.fm/fcMYL). “We believe it is important to
provide the reliable and transparent information to our shareholders.”
The company announced on July 26 that it had finished the
financial audits for fiscal years 2016 and 2017 and is now in the process of
filing full financial reports and completing its audit for the fiscal year
ended March 31.
As Cannabis Strategic Ventures achieves fully reporting
status with the Security and Exchange Commission (SEC), it also hopes to gain
greater recognition and a stronger investment base on the higher-tier exchange,
which could be beneficial to current stock holders.
The company’s mission is to build a profitable enterprise in
the $10 billion cannabis and $900 million hemp industries by building brands
that support all facets of business operations in those markets. Within the next
seven years, employment in the cannabis industry across the United States is
expected to triple from 200,000 people to 630,000, according to New Frontier
Data research cited by The Desert Sun (http://ibn.fm/GXYfG). The ancillary industry effect is
expected to be much more widespread. In 2017, California — the leading
marijuana employer state — reported 38,233 jobs directly tied to the cannabis
industry and 18,165 jobs in “related” avenues, according to Arcview Market
Research. Over the next three years, the cannabis industry is expected to
create nearly one job for every 1,000 people in the country.
That’s encouraging news for Cannabis Strategic Ventures as
it works to build on the non-cannabis employment and staffing services provided
by the company’s subsidiary, Worldwide Staffing Group, Inc., in order to expand
its business operations further into the cannabis staffing arena with an
emphasis on the California markets. NUGS’ BudHire subsidiary provides outsourced
employment service crafted to meet the needs of cannabis-related businesses by
matching qualified candidates to temporary, seasonal and permanent cannabis
production staffing opportunities. It also provides human resources consulting
and other professional employment services to the cannabis industry.
Pure Applied Sciences Inc., another of the company’s
subsidiaries, produces high-quality cannabis oils that conform with good
manufacturing practices protocols (cGMP) and the guidelines for active pharmaceutical
ingredients (API) in the United States. The oils are marketed under its
PureOrganix brand.
For more information, visit the company’s website at www.CannabisStrategic.com
About MissionIR
MissionIR is
primarily focused on strategic communications. We have executed countless
communications programs to address the needs of companies ranging from
start-ups to established industry leaders, gaining valuable experience and the
expertise necessary to determine the most effective strategy for any given
situation.
For more information, visit www.MissionIR.com
Please see full terms of use and disclaimers on the Mission
Investor Relations website applicable to all content provided by MIR, wherever
published or re-published: http://www.missionir.com/disclaimer.html
