Cannabis Strategic Ventures (OTCQB: NUGS), an emerging
leader in the U.S. cannabis marketplace, today announced that recent sales from
its latest harvest have earned unit pricing at a strong 11% premium to current
industry standard benchmarks for cannabis sales on a per pound basis. According
to CannabisBenchmarks.com,
U.S. cannabis sales currently average roughly $1,525 per pound. From six months
ago to now, Cannabis Strategic Ventures has transitioned from selling at a
discount to now selling at a premium relative to benchmark levels, with pricing
of recent sales at approximately $1,700 per pound. “We have seen a steady
improvement in per pound pricing driven by improving quality mostly as a
consequence of better operational execution at NUGS Farm,” Simon Yu, CEO of
Cannabis Strategic Ventures, stated in the news release. “It also represents
another signal that we are heading in the right direction in terms of our core
objectives: expanding production capacity, expanding sales volume, and
expanding profitability on a per unit basis.”
To view the full press release, visit http://ibn.fm/rYA6M
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 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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