Cannabis Strategic Ventures (OTCQB: NUGS) today provided an update on its wholly owned and operated flagship cultivation site, NUGS FARM. Per the update, product sales from the site commenced in mid-September, with further revenue bookings expected on a continuing basis as a variety of planned crops are harvested. NUGS FARM is presently operating at about one-third of its total capacity. Full operational capacity is anticipated to be reached during the first quarter of 2020. “It continues to be an exciting time at Cannabis Strategic Ventures and at the NUGS FARM cultivation site,” Cannabis Strategic Ventures CEO Simon Yu stated in the news release. “We look forward to experiencing significant growth in operations at NUGS FARM over the next few months. As our operation scales, Cannabis Strategic Ventures will be positioned to keep up with the demand for high-quality legal cannabis products in California.”
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About Cannabis Strategic Ventures
Cannabis Strategic Ventures is on a mission to shape the cannabis industry by striving for constant evolution in products, process, and people. The Los Angeles-based company incubates, develops and partners with category leaders within the cannabis and ancillary sectors. As one of the largest publicly traded cannabis cultivators in the United States, the Cannabis Strategic Ventures portfolio includes NUGS FARM, a 6-acre greenhouse operation with full cultivation, manufacturing and distribution licenses; Asher House Wellness a is a line of ingestible Pet CBD products that contains a broad spectrum of beneficial hemp; The Cloud is a dispensary, cultivation, and manufacturing facility located in the heart of downtown Los Angeles. For more information, visit the company’s website at www.CannabisStrategic.com.
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