Cannabis Strategic Ventures (OTC: NUGS) this morning
announced that it has signed a Letter of Intent (“LOI”) to partner with a Santa
Barbara County cultivation operation that holds approximately 40 commercial
cannabis licenses from the County of Santa Barbara, the Manufactured Cannabis
Safety Branch, the California Bureau of Cannabis Control and the CalCannabis
Cultivation for growth, manufacturing and cultivation. The company is presently
working toward a final agreement with its potential partner. “As we increase
Cannabis Strategic Ventures’ stronghold in the California cannabis market, we
are pursuing partnerships that are strategically aligned with our corporate
growth plans,” Cannabis Strategic Ventures CEO Simon Yu stated in the news
release. “Obtaining access to a large batch of licenses located between the
cannabis-friendly cities of San Francisco and Los Angeles will allow us to
expedite our growth and scalability.”
To view the full press release, visit http://ibn.fm/Nk8BT
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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