Cannabis Strategic Ventures (OTC: NUGS) this morning
announced its intention to pursue twenty cannabis licenses from the California
Bureau of Cannabis Control that will lead to the development of a substantial
250,000 square feet of turnkey greenhouse cannabis growth operation in the
central part of the state. The targeted location is equipped with critical
infrastructure, including irrigation and storage facilities, that will enable Cannabis
Strategic Ventures to immediately begin operations upon receipt of permitting.
“This is a significant event for our Company and its investors,” Cannabis
Strategic CEO Simon Yu stated in the news release. “At approximately one
quarter million square feet, this cultivation operation will have four or five
cultivation cycles each year and each cycle will be capable of producing tens
of thousands of pounds of high-quality flower.”
To view the full press release, visit http://ibn.fm/rITMr
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.
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