LOS ANGELES, Jan. 30, 2019 (GLOBE NEWSWIRE) --
via NetworkWire -- Cannabis Strategic Ventures, Inc. (NUGS) today announces its plan to break ground on a
6-acre canopy cultivation site in Northern California which will be
known as The NUGS Farm. Complimentary to this land acquisition, the
Company has obtained from the State of California over 20 licenses
for cannabis manufacturing, distribution and cultivation.
“Establishing The NUGS Farm and securing these licenses are significant milestones for Cannabis Strategic Ventures. We are proud of what we have accomplished at this stage of the company,†commented Simon Yu, CEO, Cannabis Strategic Ventures. “As the cannabis industry expands, and as we work to make cannabis legal on a federal level, Cannabis Strategic Ventures will be in position to touch on all areas of cannabis production.â€
California Governor Gavin Newsom, an active proponent for Proposition 64 which legalized the recreational use of cannabis in 2016, continues to support the California cannabis industry and recently recommended a sharp increase in spending for marijuana regulatory programs for the upcoming fiscal year.
“They say that the way California goes, the direction of the country goes,†added Yu. “We are optimistic that federal regulations will become more cannabis friendly in the near future and are excited for the positive impact it can have on our company.â€
About Cannabis Strategic Ventures
(NUGS)
Cannabis Strategic Ventures is a Los Angeles-based firm that
incubates, develops and partners with category leaders within the
cannabis sector. The firm’s NUGS brand experience provides
operational and financial strategic partnerships and a range of
essential services to emerging and existing cannabis consumer
brands. The company recently completed a name and symbol change
from Cascade Energy, Inc. and trades on the OTC Market.
For more information, visit http://www.CannabisStrategic.com
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance.
Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Contact:
Arlene Guzman
Phone:+1-310-359-6860
Email: [email protected]
Website:
http://www.CannabisStrategic.com
Corporate Communications
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