Cannabis Strategic Ventures, Inc. (NUGS) Aims to Clear Higher Hurdle in Reporting Standards

October 9, 2018 10:13:19
  • Completion of full audit for fiscal year ended March 31, 2018
  • Close of three-year audit required to become fully reporting company with SEC
  • Plans afoot to uplist to a higher OTC Markets tier

Cannabis Strategic Ventures, Inc. (OTC: NUGS) wants to be an open book. The company has announced the completion of a full audit for its fiscal year ended March 31, 2018. This marks the close of the three-year audit required as a condition of becoming a fully reporting company with the U.S. Securities & Exchange Commission (SEC). Cannabis Strategic Ventures will utilize the audit results to file future reports and disclosures with the SEC and move the company to fully reporting status. The company will also use the fully reporting status to uplist to a higher OTC Markets tier (

The OTC Markets in some ways resemble traditional debutante balls, for they allow investors an introductory look at public companies by publicizing information about the companies and their securities prices. A company that wants to appear on an OTC Market – OTCQX, OTCQB or Pink – must get its securities to be the subject of broker-dealer quotes on OTC Link ATS. To quote a…

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