Cannabis Strategic Ventures (OTCQB: NUGS), an emerging
leader in the U.S. cannabis marketplace, today announced that it has seen
record total monthly cannabis sales and record sequential monthly cannabis
sales growth so far in the month of April. According to the update, the
company’s total gross cannabis sales for April are running at an annualized
pace of more than $6 million, which is an increase of more than 400% over
average monthly sales seen in calendar Q1. “This data should help to better
contextualize our prior announcement detailing our expansion in total cannabis
production capacity,” Cannabis Strategic Ventures CEO Simon Yu said in the news
release. “Demand is through the roof. We don’t see this as a consequence of the
stay-at-home policy. This is about improving market positioning in a strong
structural growth boom. We are establishing a wider and wider footprint in
terms of distribution partners, and the overall market is continuing to
experience powerful growth in demand at the end market level.”
To view the full press release, visit http://ibn.fm/pfXFt
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 that 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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