Cannabis Strategic Ventures to Enter Lucrative CBD Retail Sector with "FLORAH" CBD Lifestyle Boutiques
May 01 2019 - 11:30AM
InvestorsHub NewsWire
Cannabis Strategic Ventures to
Enter Lucrative CBD Retail Sector with "FLORAH" CBD Lifestyle
Boutiques
LOS ANGELES, CA -- May 1, 2019 --
InvestorsHub NewsWire -- Los Angeles-based Cannabis Strategic
Ventures Inc. (OTC:
NUGS) today announces its expansion into the cannabidiol (CBD)
retail space through ‘FLORAH,’ the newest addition to the Company’s
operational and investment portfolio. FLORAH is a concept boutique
that educates consumers of the benefits of CBD while a curating a
best of selection of CBD lifestyle, wellness, beauty and pet
products. The company’s flagship location is on Melrose Ave in West
Hollywood.
“Growth of the CBD retail sector is
accelerating and we expect to show leadership in the space,” said
Simon Yu, CEO, Cannabis Strategic Ventures. “Now that we have
secured financing and a retail location, we will diligently work to
procure the best CBD products available and prepare for our full
brand roll-out and summer grand opening.”
The retail market for CBD products
is expected to reach $16 billion by 2015, a significant increase
from an estimated $2 billion last year, according to leading
cannabis investment bank Cowen Inc. Leading categories of
this growth are nutraceuticals, tinctures, pain relieving creams
and beauty treatments. Perhaps most compelling is that nearly
7% of the 2,500 individuals polled in Cowen’s research indicated
they had already purchased products containing CBD; an even larger
percentage expect to purchase products in this
class.
Amid this market growth, entering
the CBD retail sector will be a strong addition to Cannabis
Strategic Ventures’ portfolio, which includes Asher House Wellness
Pet CBD products; Fitamins, a proprietary health and wellness
formula containing 25 mg of hemp-derived THC-free CBD; LYXR, a line
of luxury skincare products derived from hemp CBD and other dynamic
ingredients; PureOrganix, a line of high-quality organic cannabis
concentrates; and Bud Hire, a staffing firm that allows cannabis
entrepreneurs to outsource administrative and staffing
functions.
“While major CBD retailers have
already announced plans to carry some of the products we currently
do or intend to market, we believe CBD-centric retailers that
provide educational component around CBD products will do
exceptionally well. We plan to announce our full strategy to
compete in this arena in the near future,” added
Yu.
The Company also recently announced NUGS Farm North, its major
cannabis cultivation operations on six acres in Northern
California.
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
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. 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:
Arlene Guzman
Phone:+1-310-359-6860
Email: IR@CannabisStrategic.com
Website: http://www.CannabisStrategic.com
Corporate Communications:
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