Cannabis Strategic Ventures (OTC: NUGS) this morning announced its intention to pursue twenty cannabis licenses from the California Bureau of Cannabis Control that will lead to the development of a substantial 250,000 square feet of turnkey greenhouse cannabis growth operation in the central part of the state. The targeted location is equipped with critical infrastructure, including irrigation and storage facilities, that will enable Cannabis Strategic Ventures to immediately begin operations upon receipt of permitting. “This is a significant event for our Company and its investors,” Cannabis Strategic CEO Simon Yu stated in the news release. “At approximately one quarter million square feet, this cultivation operation will have four or five cultivation cycles each year and each cycle will be capable of producing tens of thousands of pounds of high-quality flower.”
To view the full press release, visit http://cnw.fm/FMVk9
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 mentorship 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. 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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