Cannabis Strategic Ventures (OTC: NUGS), a Los Angeles,
California-based cannabis firm, this morning announced the launch of a six-acre
cannabis cultivation site which is anticipated to produce more than 30,000
pounds of cannabis per harvest, with an expectation of four to five harvests
per year. Based on its location in Northern California, the site has been named
NUGS Farm North and boasts 24 cultivation, manufacturing and distribution
licenses issued by the Bureau of Cannabis Control in the State of California.
According to the update, the company has planted over 20,000 marijuana clones
this week and plans to plant 10,000 more in the coming week. The site is
expected to operate at maximum capacity by late summer of this year. “NUGS Farm
North is in a prime location. We have assembled a great team to operate the
site and to market and distribute its outputs. We have already begun
cultivation and believe the marketplace is primed for the type of premium
cannabis flower we are cultivating. We look forward to a successful operation
at our flagship cultivation site,” Cannabis Strategic Ventures CEO Simon Yu
stated in the news release.
To view the full press release, visit http://ibn.fm/hKb2D
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.
NOTE TO INVESTORS: The latest news and updates
relating to NUGS are available in the company’s newsroom at http://ibn.fm/NUGS
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