Cannabis Strategic Ventures (OTC: NUGS), a Los Angeles-based cannabis industry incubator, this morning announced that it has secured an investment of up to $3 million from TRITON FUNDS successive to an upcoming S1 registration statement. This investment will enable NUGS to accelerate its business endeavors regarding cannabis cultivation operations in California as well as the development of current portfolio brands. “Cannabis Strategic Ventures is proud to partner with TRITON FUNDS, an organization with a mission that is closely aligned with ours, and who sees the potential of the larger cannabis industry,” Cannabis Strategic Ventures CEO Simon Yu stated in the news release. “California is instrumental in setting the pace for the larger cannabis industry-both nationally and globally, and we are thrilled to have found a local partner to escalate the projects that we believe will positively impact stakeholder value to create superior, sustainable returns.”
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About Cannabis Strategic Ventures Inc.
Cannabis Strategic Ventures is a Los Angeles-based firm that incubates, develops and partners with category leaders within the cannabis sector. The firm’s NUGS brand experience provides mentorship 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. Cannabis Strategic Ventures is publicly traded on the U.S. Over-the-Counter Market with the stock symbol NUGS. For more information, visit the company’s website at www.CannabisStrategic.com.
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