$NUGS “The share cancellations increase value fo
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Posted On: 08/29/2018 10:58:29 AM
$NUGS “The share cancellations increase value for all shareholders and signals to minority shareholders on the management team’s interest in building long-term value for all,” commented Mr. Simon Yu, CEO, Cannabis Strategic Ventures.
Yu is cancelling 20 million shares of his personal holdings. Additionally, Cannabis Strategic Ventures consultants and associates are canceling an additional 55.6 million shares. In total, approximately 25% of the total shares are being cancelled via this action.
The Company recently announced major partnerships with Fitamins and Asher House Pet CBD, both premium brands in the multi-million dollar CBD products market. Through the acquisitions, the Company gained access to Fitamins’ network of more than 600 wholesalers that distribute products to the Asian-American market; while The Asher House Pet CBD is gaining national attentional for their cross-country road show promoting Pet Adoption and Pet CBD.
Mr. Yu continued, “The future of Cannabis Strategic Ventures is all about acquiring and partnering with the best brands in the fast-growing cannabis marketplace. The streamlined share structure will continue to make our Company an attractive partner as we work toward signing other similar brands and distribution partnerships.”
https://finance.yahoo.com/news/cannabis-strat...00241.html
Yu is cancelling 20 million shares of his personal holdings. Additionally, Cannabis Strategic Ventures consultants and associates are canceling an additional 55.6 million shares. In total, approximately 25% of the total shares are being cancelled via this action.
The Company recently announced major partnerships with Fitamins and Asher House Pet CBD, both premium brands in the multi-million dollar CBD products market. Through the acquisitions, the Company gained access to Fitamins’ network of more than 600 wholesalers that distribute products to the Asian-American market; while The Asher House Pet CBD is gaining national attentional for their cross-country road show promoting Pet Adoption and Pet CBD.
Mr. Yu continued, “The future of Cannabis Strategic Ventures is all about acquiring and partnering with the best brands in the fast-growing cannabis marketplace. The streamlined share structure will continue to make our Company an attractive partner as we work toward signing other similar brands and distribution partnerships.”
https://finance.yahoo.com/news/cannabis-strat...00241.html
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