Los Angeles-based cannabis firm Cannabis Strategic Ventures Inc. (OTC: NUGS) this morning announced plans to break ground on a six-acre canopy cultivation site in Northern California which will be known as The NUGS Farm. Per the update and complementary to this land acquisition, Cannabis Strategic Ventres has obtained over 20 licenses for cannabis manufacturing, distribution and cultivation from the State of California. “Establishing The NUGS Farm and securing these licenses are significant milestones for Cannabis Strategic Ventures. We are proud of what we have accomplished at this stage of the company,” Simon Yu, CEO of Cannabis Strategic Ventures, stated in the news release. “As the cannabis industry expands, and as we work to make cannabis legal on a federal level, Cannabis Strategic Ventures will be in position to touch on all areas of cannabis production… They say that the way California goes, the direction of the country goes. We are optimistic that federal regulations will become more cannabis friendly in the near future and are excited for the positive impact it can have on our company.”
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About Cannabis Strategic Ventures Inc.
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. and trades on the OTC Market. For more information, visit the company’s website at www.CannabisStrategic.com
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