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CannabisNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Issues Update on NUGS FARM Operations

Company: Cannabis Strategic Ventures Inc. (NUGS)
Category: News

Cannabis Strategic Ventures (OTCQB: NUGS) today provided an update on its wholly owned and operated flagship cultivation site, NUGS FARM. Per the update, product sales from the site commenced in mid-September, with further revenue bookings expected on a continuing basis as a variety of planned crops are harvested. NUGS FARM is presently operating at about one-third of its total capacity. Full operational capacity is anticipated to be reached during the first quarter of 2020. “It continues to be an exciting time at Cannabis Strategic Ventures and at the NUGS FARM cultivation site,” Cannabis Strategic Ventures CEO Simon Yu stated in the news release. “We look forward to experiencing significant growth in operations at NUGS FARM over the next few months. As our operation scales, Cannabis Strategic Ventures will be positioned to keep up with the demand for high-quality legal cannabis products in California.”

To view the full press release, visit http://cnw.fm/jY8Ii

About Cannabis Strategic Ventures

Cannabis Strategic Ventures is on a mission to shape the cannabis industry by striving for constant evolution in products, process, and people. The Los Angeles-based company incubates, develops and partners with category leaders within the cannabis and ancillary sectors. As one of the largest publicly traded cannabis cultivators in the United States, the Cannabis Strategic Ventures portfolio includes NUGS FARM, a 6-acre greenhouse operation with full cultivation, manufacturing and distribution licenses; Asher House Wellness a is a line of ingestible Pet CBD products that contains a broad spectrum of beneficial hemp; The Cloud is a dispensary, cultivation, and manufacturing facility located in the heart of downtown Los Angeles. 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.

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