- CBD market projected to grow to $2.1 billion by 2020
- Large Asian-American market receptive to traditional Chinese medicine and nutraceuticals
- Cannabis Strategic Ventures combines brand experience with niche knowledge
Cannabis Strategic Ventures, Inc. (OTC: NUGS) is out to take a slice of the billion-dollar Asian Nutraceutical pie. The company recently cut a deal to acquire the Fitamins CBD brand (http://nnw.fm/yII7w). Under the terms of the agreement, Fitamins will be distributing its vitamin and hemp-derived CBD formulations through a network of more than 600 wholesalers that serve the Asian-American market. Guided by a team that has developed two successful ventures, Cannabis Strategic Ventures will leverage its knowledge of this underserved market to provide value to both customers and shareholders.
As large as the Asian-American market is, it is often overlooked because many marketers are daunted by the communication challenges involved. Cannabis Strategic Ventures, on the other hand, is comfortable and familiar with the demographic. The company is led by Simon Yu, BBA, MBA, who holds the position of CEO. He is supported by…
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