Cannabis Strategic Ventures (OTC: NUGS) this morning announced a major common share restructuring. The company has cancelled a total of 75.6 million shares, including 20 million from the company’s chief executive officer Simon Yu. The move to cancel approximately 25% of the total shares is intended to raise shareholder value and build long-term value for all. The restructuring follows the company’s recently announced partnerships with Fitamins and Asher House Pet CBD, both of which operate in the multi-million dollar CBD products market. “The future of Cannabis Strategic Ventures is all about acquiring and partnering with the best brands in the fast-growing cannabis marketplace. The streamlined share structure will continue to make our company an attractive partner as we work toward signing other similar brands and distribution partnerships,” Cannabis Strategic Ventures CEO Simon Yu stated in the news release.
To view the full press release, visit http://cnw.fm/0YZya
About Cannabis Strategic Ventures, Inc.
Cannabis Strategic Ventures is based in Los Angeles and is focused on supporting entrepreneurial growth within the fast-growing legal cannabis sector. The Company recently completed a name and symbol change from Cascade Energy, Inc. Cannabis Strategic Ventures offers outsourced personnel solutions that are tailor made to match the growth dynamics of cannabis cultivators, manufacturers, dispensaries, and other cannabis marketplace participants. 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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