Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced the filing of its 2020 unaudited financial performance data. According to the update, the company closed the books on a momentous year of material growth that featured strong expansion in business activity, as well as robust gains in both top- and bottom-line metrics. “2020 was a defining year for NUGS, as we pushed into a higher gear in terms of commercial activity and market positioning despite the unusual challenges of the global pandemic health crisis,” said Simon Yu, CEO of Cannabis Strategic Ventures. “We were able to fend off any drop in margins. However, we see operating expenses as an area of potential improvement, and we are working to improve production processes and input sourcing contracts as we scale up production over coming quarters.”
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About Cannabis Strategic Ventures Inc.
Cannabis Strategic Ventures is one of the largest publicly traded marijuana cultivators in the United States. The Company is Los Angeles-based and incubates, develops and partners with category leaders within the cannabis and ancillary sectors. 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. For more information, visit www.CannabisStrategic.com.
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