NetworkNewsBreaks – Cannabis Strategic Ventures,

NetworkNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Expanding Portfolio to Include Cannabis Cultivation

Cannabis Strategic Ventures (OTC: NUGS) this morning announced its intention to expand its business portfolio to include cannabis cultivation. The company has initiated its pre-acquisition due diligence process through the identification and analysis of prospective cultivation properties. NUGS believes this expansion will support growth of its current brand forward strategy and provide opportunities for vertical integration through its ability to produce and source products from the cultivation operation. Cannabis Strategic CEO Simon Yu stated in the news release, “We have identified several cannabis cultivation locations in California, and have started analyzing these for possible acquisition. Currently, the Cannabis Strategic Ventures team is targeting several locations in excess of 200,000+ square feet that have existing cultivation infrastructures in place, which will allow us to move into cultivation very quickly. Growth is on the horizon for the cannabis industry as recreational and medical markets continue to expand, and legalization continues to spread across the country. The Cannabis Strategic Ventures team is confident that moving into cannabis cultivation will allow us to significantly expand our revenue base and provide a strong path for continued financial growth.”

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