Cannabis Strategic Ventures Works Toward 20 Licenses for 250,000 square feet of Cannabis Cultivation: Large California Growth
December 06 2018 - 8:30AM
InvestorsHub NewsWire
Cannabis Strategic Ventures
Works Toward 20 Licenses for 250,000 square feet of Cannabis
Cultivation: Large California Growth
Los Angeles, CA -- December 06, 2018 --
InvestorsHub NewsWire -- Cannabis Strategic Ventures, Inc.
(OTC: NUGS) announced its pursuit of twenty
cannabis licenses from the California Bureau of Cannabis Control
that will lead to the development of a substantial cannabis growth
operation of approximately 250,000 square feet of turnkey
greenhouse space in California. The Company will commence
cultivating as soon as licenses are issued.
The targeted cultivation site is
located in central California, an area with a rich agricultural
heritage and well-established distribution infrastructure. The
targeted location is equipped with 250,000 square feet of
greenhouse space and mostly in-place irrigation, storage facilities
and other critical infrastructure components that will allow
operations to begin under the Cannabis Strategic Ventures name
immediately after receiving permitting.
Simon Yu, CEO, Cannabis Strategic
commented, “This is a significant event for our Company and its
investors. At approximately one quarter million square feet,
this cultivation operation will have four or five cultivation
cycles each year and each cycle will be capable of producing tens
of thousands of pounds of high-quality
flower.”
According to industry publication,
Marijuana Business Daily, cannabis cultivators in the
central California Valley are yielding an average of 30 grams per
square foot of cultivation space within the “Mixed-light
”environment for greenhouse with up to five cultivation cycles
possible each year.
Yu added “Our agents have filed for the
licenses and with these greenhouses already in place we would plan
a very rapid initiation of cultivation on the property. We
are in the process of analyzing several other similar operations to
further fuel our growth prospects.”
Cannabis Strategic Ventures, while
recently primarily focused on branding activities relating to its
Fitamins, Halo Filter and The Asher House CBD pet-focused product,
now plans to expand its investment and operational activities to
include other areas of the growing cannabis business sector.
Planned company expansions will be in the areas of cultivation,
processing of cannabis inputs and products and cannabis retailing.
Cannabis Strategic Ventures management is actively vetting business
opportunities in all such industry subsectors to maximize value for
shareholders.
About Cannabis Strategic Ventures
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
mentorship 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. 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. There can be
no assurances the transactions discussed in the release will be
completed. 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
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