Cannabis Strategic Ventures to Launch Major Cannabis Cultivation with 20 Licenses and Six-Acre Cultivation Site
January 30 2019 - 8:00AM
InvestorsHub NewsWire
Cannabis Strategic
Ventures to Launch Major Cannabis Cultivation with 20 Licenses and
Six-Acre Cultivation Site
LOS ANGELES, CA -- January
30, 2019 -- InvestorsHub NewsWire -- Cannabis Strategic Ventures,
Inc. (OTC:
NUGS) today announces its plan to break ground on a six-acre
canopy cultivation site in Northern California which will be known
as The NUGS Farm. Complimentary to this land acquisition, the
Company has obtained from the State of California over 20
licenses for cannabis manufacturing, distribution and
cultivation.
“Establishing The NUGS Farm and securing these
licenses are significant milestones for
Cannabis Strategic Ventures. We are proud of what we have
accomplished at this stage of the company,” commented Simon Yu,
CEO, Cannabis Strategic Ventures. “As the cannabis industry
expands, and as we work to make cannabis legal on a federal level,
Cannabis Strategic Ventures will be in position to touch on all
areas of cannabis production.”
California Governor Gavin
Newsom, an active proponent for Proposition 64 which legalized the
recreational use of cannabis in 2016, continues to support the
California cannabis industry and recently recommended a sharp
increase in spending for marijuana regulatory programs for the
upcoming fiscal year.
“They say that the way
California goes, the direction of the country goes,” added Yu. “We
are optimistic that federal regulations will become more cannabis
friendly in the near future and are excited for the positive impact
it can have on our company.”
About Cannabis Strategic
Ventures (OTC:
NUGS)
Cannabis Strategic
Ventures is a Los Angeles-based firm that incubates, develops and
partners with category leaders within the cannabis sector. 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. The company
recently completed a name and symbol change from Cascade Energy,
Inc. and trades on the OTC Market.
For more information,
visit http://www.CannabisStrategic.com
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:
Arlene
Guzman
Phone:+1-310-359-6860
Email:
IR@CannabisStrategic.com
Website: http://www.CannabisStrategic.com
Corporate Communications
Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217
Office
Editor@NetworkNewsWire.com
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