On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Cannabis Strategic Ventures Inc. (NUGS) Launches LA-Based Cannabis Dispensary in Number-One Market

  • MDRN (Modern) Tree is key piece of company’s vision to build a full farm-to-sale vertical model
  • NUGS plans to grow MDRN Tree brand, develop model that gives cultivation business wider distribution at potentially higher margins
  • The MDRN Tree location is opening in top cannabis market in the world

Cannabis Strategic Ventures (OTC: NUGS) has announced the grand opening of its first Los-Angeles-based, customer-facing MDRN (Modern) Tree cannabis dispensary (https://cnw.fm/qOyRW). The company started recording sales from the dispensary this month. Last month, NUGS took full operational control of the downtown Los Angeles MDRN Tree cannabis product dispensary, the company’s first in-house, end-market, consumer-facing retail sales outlet.

“We continue to build a full farm-to-sale vertical model, and MDRN Tree is a big part of that vision,” said NUGS CEO Simon Yu. “It’s exciting to watch the pieces come together, and we look forward to supplying and growing the MDRN Tree brand, and continuing to develop a model that will give our cultivation business wider distribution at potentially higher margins.”

The MDRN Tree location is opening in the top cannabis market in the world. California’s Attorney General Rob Bonta marked the state’s 25th anniversary of the first-in-the-nation medical marijuana program, noting that the market has emerged as “number one in the world” (https://cnw.fm/EeoOq). Bonta spoke at a recent California NORML conference.

“Each day we continue to make history,” he continued in his message. “California is the world’s fifth-largest economy. We are number one in the nation for many things, like starting new businesses. We are number one in manufacturing, agriculture, entertainment, tourism, technology and college graduates. And we are also number one in the world for legal cannabis. Our state has the largest legal cannabis market in the world.

“Whether it’s medicinal or recreational adult use, a legal and regulated marketplace ensures the industry is successful,” he continued. “And it ensures product is safe and tested, and specifically when it comes to medicinal use. Our progressive policies recognize that this product is not only popular, it is vital for so many patients.”

Cannabis Strategic Ventures also has a wholly owned subsidiary — NUGS Farm North — that is a fully state legal licensed Cannabis cultivator in the state of California. The property has more than six acres of greenhouse. Cannabis Strategic Ventures cultivates and sells cannabis biomass and related cannabis products to the legal cannabis market.

For more information, visit the company’s website at www.CannabisStrategic.com.

NOTE TO INVESTORS: The latest news and updates relating to NUGS are available in the company’s newsroom at http://cnw.fm/NUGS

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork.

Archives

Select A Month

Official NewsWire Relationships

Alternative Products Expo Benzinga Cannabis Capital Conference Cannabis Business Summit & Expo 2019 Cannabis Drinks Expo Cannabis World Congress & Business Exposition MjMicro Conference New England Cannabis Network O'Cannabiz Conference & Expo

CannabisNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 303.498.7722