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Posted On: 05/05/2020 3:40:04 PM
Post# of 227
NetworkNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Achieves Record-Breaking Sales in April
Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced that the company achieved record sales during the last week of April. The company reported a significant increase in sales for the month of April, with numbers climbing more than 800% higher than the average monthly totals seen in calendar Q1. NUGS recently doubled its production capacity, enabling the company to continue to take on growing distributor relationships and larger orders in the California cannabis market. “The close of April represents an important signal in terms of business context. We have seen a number of strong signals suggesting a robust acceleration in sales in calendar Q2. But we have clearly been underestimating the extent of that acceleration. Given our move to increase production capacity, we should see an even more impressive close to Q2 and will likely have to further ratchet up our expectations,” Cannabis Strategic Ventures CEO Simon Yu stated in the news release.
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 announced that the company achieved record sales during the last week of April. The company reported a significant increase in sales for the month of April, with numbers climbing more than 800% higher than the average monthly totals seen in calendar Q1. NUGS recently doubled its production capacity, enabling the company to continue to take on growing distributor relationships and larger orders in the California cannabis market. “The close of April represents an important signal in terms of business context. We have seen a number of strong signals suggesting a robust acceleration in sales in calendar Q2. But we have clearly been underestimating the extent of that acceleration. Given our move to increase production capacity, we should see an even more impressive close to Q2 and will likely have to further ratchet up our expectations,” Cannabis Strategic Ventures CEO Simon Yu stated in the news release.
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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