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Posted On: 12/04/2019 5:14:31 PM
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NetworkNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Projects Escalating Sales Through Year End, Expects 2020 Revenues to Exceed $5M
Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today provided shareholders with production and financial performance expectations for year-end through its 2020 fiscal year based on a quantitative analysis of resources, capacity and harvest timelines for NUGS FARM, the company’s flagship cannabis cultivation farm. Cannabis Strategic Ventures recently reported more than 1,300% growth on a quarterly year-over-year basis to reach fiscal Q2 sales above $700K (for quarter-ended Sept. 30, 2019). Based on expanded resources and capacity, the company now projects sales in excess of $1 million through year-end 2019, as well as 2020 revenues to exceed a minimum of $5 million. “2019 was transformative for Cannabis Strategic Ventures,” NUGS CEO Simon Yu said in the news release. “We are excited for our progress in laying the foundation for our transition into a significantly expanded scale of operational output and hope that our stakeholders are pleased with our forward momentum.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today provided shareholders with production and financial performance expectations for year-end through its 2020 fiscal year based on a quantitative analysis of resources, capacity and harvest timelines for NUGS FARM, the company’s flagship cannabis cultivation farm. Cannabis Strategic Ventures recently reported more than 1,300% growth on a quarterly year-over-year basis to reach fiscal Q2 sales above $700K (for quarter-ended Sept. 30, 2019). Based on expanded resources and capacity, the company now projects sales in excess of $1 million through year-end 2019, as well as 2020 revenues to exceed a minimum of $5 million. “2019 was transformative for Cannabis Strategic Ventures,” NUGS CEO Simon Yu said in the news release. “We are excited for our progress in laying the foundation for our transition into a significantly expanded scale of operational output and hope that our stakeholders are pleased with our forward momentum.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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