Cannabis Strategic Ventures (OTCQB: NUGS) today announced the first cannabis harvest from its NUGS Farm North cultivation facility located in Northern California. Per the update, funding for the NUGS Farm North operation and harvest was made possible through an $8,000,000 investment from LW Ventures, Inc, a financial partner with significant expertise in cannabis cultivation. Through the operation, Cannabis Strategic Ventures has quickly positioned as one of the largest greenhouse-based mixed lighting cultivators in California. “We are extremely optimistic and excited about NUGS Farm North and the LW Ventures partnership. The opportunity came at a time when the CBD and Cannabis landscape in California was changing rapidly,” Cannabis Strategic Ventures CEO Simon Yu said in the news release. “The synergy between Cannabis Strategic Ventures and LW Ventures, and our joint development of NUGS Farm North has led to a full realignment of our existing business strategy. In a matter of months, our Company is now positioned to be one of the largest greenhouse mixed-light cannabis cultivation in the state of California. We are also announcing today that we are nearing the completion of the terms and conditions for our material definitive investment agreement with LW Ventures. Once finalized, the LW Ventures investment will include millions of dollars in capital and an injection of significant assets to complement our already growing cannabis portfolio.”
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About Cannabis Strategic Ventures
Cannabis Strategic Ventures, Inc. is a publicly traded state licensed cannabis cultivator in California. The Los Angeles-based firm incubates, develops and partners with category leaders in the cannabis sector. The Cannabis Strategic Ventures NUGS brand experience provides strategic operational and financial partnerships and a range of essential business services to emerging and existing cannabis brands. Cannabis Strategic Ventures is publicly traded on the U.S. Over the Counter Market with the stock symbol NUGS. For more information, visit the company’s website at www.CannabisStrategic.com.
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