Cannabis Strategic Ventures (OTCQB: NUGS) today announced the first cannabis harvest from its NUGS Farm North cultivation facility located in Northern California. Per the update, funding for the NUGS Farm North operation and harvest was made possible through an $8,000,000 investment from LW Ventures, Inc, a financial partner with significant expertise in cannabis cultivation. Through the operation, Cannabis Strategic Ventures has quickly positioned as one of the largest greenhouse-based mixed lighting cultivators in California. “We are extremely optimistic and excited about NUGS Farm North and the LW Ventures partnership. The opportunity came at a time when the CBD and Cannabis landscape in California was changing rapidly,” Cannabis Strategic Ventures CEO Simon Yu said in the news release. “The synergy between Cannabis Strategic Ventures and LW Ventures, and our joint development of NUGS Farm North has led to a full realignment of our existing business strategy. In a matter of months, our Company is now positioned to be one of the largest greenhouse mixed-light cannabis cultivation in the state of California. We are also announcing today that we are nearing the completion of the terms and conditions for our material definitive investment agreement with LW Ventures.  Once finalized, the LW Ventures investment will include millions of dollars in capital and an injection of significant assets to complement our already growing cannabis portfolio.”

To view the full press release, visit http://nnw.fm/y1Do6

About Cannabis Strategic Ventures

Cannabis Strategic Ventures, Inc. is a publicly traded state licensed cannabis cultivator in California. The Los Angeles-based firm incubates, develops and partners with category leaders in the cannabis sector. The Cannabis Strategic Ventures NUGS brand experience provides strategic operational and financial partnerships and a range of essential business services to emerging and existing cannabis brands. 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.

NOTE TO INVESTORS: The latest news and updates relating to NUGS are available in the company’s newsroom at http://nnw.fm/NUGS

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]