NetworkNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Announces Final Regulatory Approval for Prior Acquisition of Four California Cannabis Licenses
Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced the long-awaited completion of the transfer of cannabis licenses related to strategic activity from 2019 by the state of California and the city of Los Angeles. According to the update, the company, on June 9, 2019, entered into a material definitive agreement with LW Ventures Inc., under which the company was required to restructure its preferred equity and issue common shares to exchange for shares of LW. In turn, LW agreed to fund company operations up to $8 million and to provide the company with…







