QualityStocksNewsBreaks – Cannabis Strategic Ventures, Inc. (OTCQB: NUGS) Announces Q2 Results, Revenue Growth of 1,317% to Over $700K

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced financial results for its second quarter, which ended Sept. 30, 2019. Among the highlights, the company reported consolidated quarterly revenue growth of 1,317% to $707K compared to the same period last year, as well as cash and cash equivalents up 205% over the past six-month period to $228K. “Q2 ushered in a new standard across all top-line metrics and we expect to continue expanding on this growth through Q3 and beyond,” Cannabis Strategic Ventures CEO Simon Yu said in the news release. “Over the last two years, we have secured and invested capital to help drive revenue and substantially increase the Company’s total assets while improving gross profit margins. We expect continued growth to the top-line along with a declining drop in net losses next year.”

To view the full press release, visit http://ibn.fm/kR8GX

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.

NOTE TO INVESTORS: The latest news and updates relating to NUGS are available in the company’s newsroom at http://ibn.fm/NUGS

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