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://nnw.fm/5HZVx
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
More from NetworkNewsBreaks
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.NetworkNewsWire.com