NetworkNewsBreaks – Cannabis Strategic Ventures,
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Posted On: 11/16/2018 5:56:48 PM
NetworkNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Seeking Out Cultivation Facilities with Existing Infrastructure
Cannabis Strategic Ventures (OTC: NUGS) is on the lookout for grow facilities with existing infrastructure in states that have legalized cannabis as a supply shortage becomes imminent California. A recent article discussing the company reads, “Cannabis Strategic Ventures has already embarked on pre-acquisition due diligence for prospective cultivation properties located in states that have legalized cannabis. The company has identified several cannabis grow facilities in California and has begun analyzing these for possible acquisition. It is targeting several locations with areas exceeding 200,000 square feet that have existing cultivation infrastructure in place, since it wants to move into cultivation very quickly. NUGS believes that an involvement in cultivation will allow it to realize synergies that will reduce costs and augment the benefits offered by its retail brands. The acquisition of grow facilities will strengthen the strategy of vertical integration and diversification. NUGS plans to operate in the cannabis HR space, leveraging the institutional expertise of the Worldwide Staffing Group, which it is in talks to acquire. The cannabis staffing services will be under the aegis of subsidiary BudHire.”
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 (OTC: NUGS) is on the lookout for grow facilities with existing infrastructure in states that have legalized cannabis as a supply shortage becomes imminent California. A recent article discussing the company reads, “Cannabis Strategic Ventures has already embarked on pre-acquisition due diligence for prospective cultivation properties located in states that have legalized cannabis. The company has identified several cannabis grow facilities in California and has begun analyzing these for possible acquisition. It is targeting several locations with areas exceeding 200,000 square feet that have existing cultivation infrastructure in place, since it wants to move into cultivation very quickly. NUGS believes that an involvement in cultivation will allow it to realize synergies that will reduce costs and augment the benefits offered by its retail brands. The acquisition of grow facilities will strengthen the strategy of vertical integration and diversification. NUGS plans to operate in the cannabis HR space, leveraging the institutional expertise of the Worldwide Staffing Group, which it is in talks to acquire. The cannabis staffing services will be under the aegis of subsidiary BudHire.”
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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