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Posted On: 05/28/2020 3:33:34 PM
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NetworkNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Announces Sales from Latest Harvest at Strong 11% Premium to Current Industry Benchmarks
Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced that recent sales from its latest harvest have earned unit pricing at a strong 11% premium to current industry standard benchmarks for cannabis sales on a per pound basis. According to CannabisBenchmarks.com, U.S. cannabis sales currently average roughly $1,525 per pound. From six months ago to now, Cannabis Strategic Ventures has transitioned from selling at a discount to now selling at a premium relative to benchmark levels, with pricing of recent sales at approximately $1,700 per pound. “We have seen a steady improvement in per pound pricing driven by improving quality mostly as a consequence of better operational execution at NUGS Farm,” Simon Yu, CEO of Cannabis Strategic Ventures, stated in the news release. “It also represents another signal that we are heading in the right direction in terms of our core objectives: expanding production capacity, expanding sales volume, and expanding profitability on a per unit basis.”
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 recent sales from its latest harvest have earned unit pricing at a strong 11% premium to current industry standard benchmarks for cannabis sales on a per pound basis. According to CannabisBenchmarks.com, U.S. cannabis sales currently average roughly $1,525 per pound. From six months ago to now, Cannabis Strategic Ventures has transitioned from selling at a discount to now selling at a premium relative to benchmark levels, with pricing of recent sales at approximately $1,700 per pound. “We have seen a steady improvement in per pound pricing driven by improving quality mostly as a consequence of better operational execution at NUGS Farm,” Simon Yu, CEO of Cannabis Strategic Ventures, stated in the news release. “It also represents another signal that we are heading in the right direction in terms of our core objectives: expanding production capacity, expanding sales volume, and expanding profitability on a per unit basis.”
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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