Cannabis Strategic Ventures (OTCQB: NUGS) today
announced that the company is finalizing negotiations for a series of strategic
transactions that could reshape the California cannabis marketplace. According
to the update, the agreements, which are under negotiation and not final,
provide terms for the company to gain significant indoor, outdoor and
greenhouse cannabis cultivation operations; a team of highly experienced
cultivators and managers; an existing cannabis retail presence; and a direct
cash infusion from a strategic investment group. “We are in the final stages of
negotiations, and once they conclude will be acquiring strong cannabis assets
in the state of California,” Cannabis Strategic Ventures CEO Simon Yu said in
the news release. “Simply put, Cannabis Strategic Ventures would quickly become
one of the largest cultivators in the state of California and the United
States.”
To view the full press release, visit http://ibn.fm/vBlVp
About Cannabis Strategic Ventures
Cannabis Strategic Ventures is one of the largest publicly
traded marijuana cultivators in the United States. The Los Angeles-based firm
incubates, develops and partners with category leaders in the cannabis sector.
The firm’s NUGS brand experience provides operational and financial strategic
partnerships 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. 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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