Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today provided shareholders with production and financial performance expectations for year-end through its 2020 fiscal year based on a quantitative analysis of resources, capacity and harvest timelines for NUGS FARM, the company’s flagship cannabis cultivation farm. Cannabis Strategic Ventures recently reported more than 1,300% growth on a quarterly year-over-year basis to reach fiscal Q2 sales above $700K (for quarter-ended Sept. 30, 2019). Based on expanded resources and capacity, the company now projects sales in excess of $1 million through year-end 2019, as well as 2020 revenues to exceed a minimum of $5 million. “2019 was transformative for Cannabis Strategic Ventures,” NUGS CEO Simon Yu said in the news release. “We are excited for our progress in laying the foundation for our transition into a significantly expanded scale of operational output and hope that our stakeholders are pleased with our forward momentum.”
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About Cannabis Strategic Ventures
Cannabis Strategic Ventures Inc. (OTC: NUGS) 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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