- Appointment of new board member with expertise in finance
- Company is preparing to uplist to a national exchange
- BudHire subsidiary to offer staffing services to cannabis industry
- Retail initiatives continue under “Pure Organix” brand
The appointment of Alan Tran to the board of directors of Cannabis Strategic Ventures, Inc. (OTC: NUGS) augurs well for the company’s fortunes, because it is an action that’s likely to be replicated across the cannabis industry. A report in Forbes (http://nnw.fm/C6w5Y) titled ‘Marijuana is the Fastest-Growing Job Category, Top Recruiting CEO Says’ shows that those forces are already in play. Now that 31 states and Washington, DC have legalized medical marijuana and 10 of those jurisdictions have done the same with recreational cannabis, “there’s 445 percent growth in job listings… year over year.” Cannabis Strategic Ventures aims to capitalize on that trend. Earlier this year, the company completed a definitive agreement to acquire Worldwide Staffing Group, Inc., which, in 2017, booked approximately $1.5 million in revenues. Its hire of Tran is the first in a series of steps to be taken as it prepares to uplist its common shares to a national exchange.
Cannabis Strategic Ventures anticipates that the proposed uplisting will provide readier access to capital. Undoubtedly, it will increase the market and liquidity of the company’s securities. In preparation for the uplisting, the company finalized the audit of…
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