Cannabis Strategic Ventures (OTC: NUGS) this morning
announced its intention to expand its business portfolio to include cannabis
cultivation. The company has initiated its pre-acquisition due diligence
process through the identification and analysis of prospective cultivation
properties. NUGS believes this expansion will support growth of its current
brand forward strategy and provide opportunities for vertical integration
through its ability to produce and source products from the cultivation
operation. Cannabis Strategic CEO Simon Yu stated in the news release, “We have
identified several cannabis cultivation locations in California, and have
started analyzing these for possible acquisition. Currently, the Cannabis
Strategic Ventures team is targeting several locations in excess of 200,000+
square feet that have existing cultivation infrastructures in place, which will
allow us to move into cultivation very quickly. Growth is on the horizon for
the cannabis industry as recreational and medical markets continue to expand,
and legalization continues to spread across the country. The Cannabis Strategic
Ventures team is confident that moving into cannabis cultivation will allow us
to significantly expand our revenue base and provide a strong path for continued
financial growth.”
To view the full press release, visit http://ibn.fm/e9BMG
About Cannabis Strategic Ventures, Inc.
Cannabis Strategic Ventures is a Los Angeles based firm that
incubates, develops and partners with category leaders within the cannabis
sector. The Firm’s NUGS brand experience provides mentorship and a range of
essential services to emerging and existing Cannabis consumer brands. The
company recently completed a name and symbol change from Cascade Energy, Inc.
Cannabis Strategic Ventures is publicly traded on the U.S. Over the Counter
Market with the stock symbol NUGS. For more information, visit the company’s
website at www.CannabisStrategic.com
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