Cannabis Strategic Ventures (OTCQB: NUGS) today announced that the company is finalizing negotiations for a series of strategic transactions that could reshape the California cannabis marketplace. According to the update, the agreements, which are under negotiation and not final, provide terms for the company to gain significant indoor, outdoor and greenhouse cannabis cultivation operations; a team of highly experienced cultivators and managers; an existing cannabis retail presence; and a direct cash infusion from a strategic investment group. “We are in the final stages of negotiations, and once they conclude will be acquiring strong cannabis assets in the state of California,” Cannabis Strategic Ventures CEO Simon Yu said in the news release. “Simply put, Cannabis Strategic Ventures would quickly become one of the largest cultivators in the state of California and the United States.”
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About Cannabis Strategic Ventures
Cannabis Strategic Ventures is one of the largest publicly traded marijuana cultivators in the United States. The Los Angeles-based firm incubates, develops and partners with category leaders in 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. For more information, visit the company’s website at www.CannabisStrategic.com.
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