Cannabis
Strategic Ventures (OTCQB: NUGS) today provided an update on its
wholly owned and operated flagship cultivation site, NUGS FARM. Per the update,
product sales from the site commenced in mid-September, with further revenue
bookings expected on a continuing basis as a variety of planned crops are
harvested. NUGS FARM is presently operating at about one-third of its total
capacity. Full operational capacity is anticipated to be reached during the
first quarter of 2020. “It continues to be an exciting time at Cannabis
Strategic Ventures and at the NUGS FARM cultivation site,” Cannabis Strategic
Ventures CEO Simon Yu stated in the news release. “We look forward to experiencing
significant growth in operations at NUGS FARM over the next few months. As our
operation scales, Cannabis Strategic Ventures will be positioned to keep up
with the demand for high-quality legal cannabis products in California.”
To view the full press release, visit http://ibn.fm/MmX10
About Cannabis Strategic Ventures
Cannabis Strategic Ventures is on a mission to shape the
cannabis industry by striving for constant evolution in products, process, and
people. The Los Angeles-based company incubates, develops and partners with
category leaders within the cannabis and ancillary sectors. As one of the
largest publicly traded cannabis cultivators in the United States, the Cannabis
Strategic Ventures portfolio includes NUGS FARM, a 6-acre greenhouse operation
with full cultivation, manufacturing and distribution licenses; Asher House
Wellness a is a line of ingestible Pet CBD products that contains a broad
spectrum of beneficial hemp; The Cloud is a dispensary, cultivation, and
manufacturing facility located in the heart of downtown Los Angeles. For more
information, visit the company’s website at 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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