NetworkNewsBreaks – Cannabis Strategic Ventures,
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Posted On: 05/13/2020 3:48:24 PM
NetworkNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Announces Expanded Inventory to Meet Surging Demand
Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced that it will have new expanded inventory ready for sales and shipment next week. According to the update, this follows a sharp surge in sales in early May that left the company “sold out” every week for the past month for the first time in its history. The company recently expanded total production capacity by up to 150%, and the capacity expansion will contribute to inventory going forward as the company translates surging demand into accelerating sales growth. “We have never seen anything like this,” Cannabis Strategic Ventures CEO Simon Yu said in the news release. “We booked $100,000 in one day to clear out all of our remaining inventory. We anticipated this dynamic but still underestimated the force of the trend. Too much demand is always the problem you want to have. And we are confident we will be able to translate this into further upside in terms of our top line growth curve.”
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 it will have new expanded inventory ready for sales and shipment next week. According to the update, this follows a sharp surge in sales in early May that left the company “sold out” every week for the past month for the first time in its history. The company recently expanded total production capacity by up to 150%, and the capacity expansion will contribute to inventory going forward as the company translates surging demand into accelerating sales growth. “We have never seen anything like this,” Cannabis Strategic Ventures CEO Simon Yu said in the news release. “We booked $100,000 in one day to clear out all of our remaining inventory. We anticipated this dynamic but still underestimated the force of the trend. Too much demand is always the problem you want to have. And we are confident we will be able to translate this into further upside in terms of our top line growth curve.”
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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