Cannabis Strategic Signals Intent to Acquire Organic Cannabis Extract Brand
February 06 2018 - 6:30AM
InvestorsHub NewsWire
Cannabis Strategic Signals Intent to Acquire Organic Cannabis
Extract Brand
Los Angeles, CA -- February 6, 2018 -- InvestorsHub
NewsWire -- Cannabis Strategic Ventures, Inc. (OTC
Pink: NUGS) today announces it has signed a letter of intent to
acquire Pure Applied Sciences and its brand PureOrganix, a
line of organic and pure cannabis oils and related
accessories. In a short amount of time, PureOrganix’s brand
showed exciting growth in 2017, capturing a lot of fanfare and
praise for their products amongst the cannabis retail environment
in Southern California.
Mr. Simon Yu, CEO of Cannabis Strategic commented, “The cannabis
consumer is increasingly looking for purity in products and this is
one of the reasons we are so interested in bringing Pure Applied
Sciences into the NUGS fold. The Company thoroughly tests its
products and fully conforms to the Current Good Manufacturing
Practices (cGMP). They have also created processes to match FDA
guidelines for Active Pharmaceuticals Products (API). This is
the type of quality product we want within our business
portfolio. We are still working out the final details of the
transaction, but we passed the LOI stage and look forward to a
successful conclusion.”
The successful completion of this acquisition will help Cannabis
Strategic Ventures launch a new division of consumer brands.
The NUGS management team believes there is a huge opportunity
in the industry to carve out and control specific industry niches
and to create cannabis consumer brands.
Cannabis Strategic believes expansion into branded products
presents significant opportunities for the Company to expand its
business model. According to Tom Adams of BSD Analytics, the
Cannabis retail market is expected to hit $11 billion in 2018 and
$21 billion in 2021. While the Company continues to build its
outsourced employment and staffing division, the Company plans to
continue pursuing investment opportunities in the areas of real
estate, cultivation, extraction, distribution, packaging,
dispensary operations, and branded products.
About Cannabis Strategic Ventures
Cannabis Strategic Ventures is based in Los Angeles and
is focused on supporting entrepreneurial growth within the
fast-growing legal cannabis sector. The Company, recently completed
a name and symbol change from Cascade Energy, Inc. Cannabis
Strategic Ventures offers outsourced personnel solutions that are
tailor-made to match the growth dynamics of cannabis cultivators,
manufacturers, dispensaries, and other cannabis marketplace
participants. Cannabis Strategic Ventures is publicly traded on the
U.S. Over the Counter Market with the stock symbol NUGS.
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking
statements" within the meaning of the safe harbor provisions of the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements also may be included in other publicly
available documents issued by the Company and in oral statements
made by our officers and representatives from time to time. These
forward-looking statements are intended to provide management's
current expectations or plans for our future operating and
financial performance, based on assumptions currently believed to
be valid. They can be identified by the use of words such as
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "would," "could," "will" and other words of
similar meaning in connection with a discussion of future operating
or financial performance.
Examples of forward-looking statements include, among others,
statements relating to future sales, earnings, cash flows, results
of operations, uses of cash and other measures of financial
performance.
Because forward-looking statements relate to the future, they are
subject to inherent risks, uncertainties and other factors that may
cause the Company's actual results and financial condition to
differ materially from those expressed or implied in the
forward-looking statements. Such risks, uncertainties and other
factors include, among others such as, but not limited to economic
conditions, changes in the laws or regulations, demand for products
and services of the company, the effects of competition and other
factors that could cause actual results to differ materially from
those projected or represented in the forward-looking
statements.
Any forward-looking information provided in this release should be
considered with these factors in mind. We assume no obligation to
update any forward-looking statements contained in this report.
Contact:
Phone:+1-310-359-6860
Email: info@cannabisstrategic.com
Website: http://www.cannabisstrategic.com
SOURCE Cannabis Strategic Ventures, Inc.
Copyright © 2018 PR Newswire. All Rights Reserved
Cannabis Strategic Ventu... (CE) (USOTC:NUGS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cannabis Strategic Ventu... (CE) (USOTC:NUGS)
Historical Stock Chart
From Apr 2023 to Apr 2024