Cannabis Strategic Ventures Highlights Record Results in 2019
December 23 2019 - 08:00AM
InvestorsHub NewsWire
Cannabis
Strategic Ventures Highlights Record Results in
2019
LOS ANGELES, CA -- December 23, 2019 --
InvestorsHub NewsWire -- Cannabis Strategic Ventures (OTCQB:NUGS)
(“NUGS” or the “Company”), an emerging leader in the U.S. cannabis
marketplace, is pleased to provide shareholders with a look back at
some of the highlights and accomplishments characterizing the
Company’s most successful year of operations in its history as 2019
comes to an end. The Company also wishes to offer up a sincere
expression of gratitude to all of its loyal shareholders for their
continued commitment, patience, and steady
support.
“2019 was transformative for Cannabis Strategic
Ventures,” commented Simon Yu, CEO, Cannabis Strategic Ventures.
“We are extremely excited about the progress we made during 2019,
and the tremendous position we are in as we head into
2020.”
Management points to several accomplishments during
2019 that will play a critical role in positioning the Company for
a much bigger scale of operations in
2020:
·
Secured 6-acre NUGS Farm
greenhouse lease
·
Successfully acquired annual
cannabis licenses
·
Secured funding for the NUGS Farm
project
·
Cultivated and harvested first
cannabis crop
·
Achieved new record revenue
quarter
As a result of these achievements, the Company is
now comfortably projecting that 2019 will close at its best ever
year in terms of revenues.
“2019 has been a year of tremendous success under
the surface,” continued Yu. “That success will become much more
apparent from the outside in the weeks and months ahead. We hit key
milestones according to our larger strategic plan this year and we
look forward to a banner year in 2020 as we maintain that
operational momentum.”
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
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.
Corporate
Contact:
Investor Relations
Phone:+1-310-359-6860
Email: IR@CannabisStrategic.com
Website: https://www.CannabisStrategic.com
Cannabis Strategic Ventu... (CE) (USOTC:NUGS)
Historical Stock Chart
From Feb 2024 to Mar 2024
Cannabis Strategic Ventu... (CE) (USOTC:NUGS)
Historical Stock Chart
From Mar 2023 to Mar 2024