Business
Cannabis Strategic Acquires Pure Applied Sciences
Cannabis Strategic Acquires Pure Applied Sciences.
About this update from Cannabis Strategic Ventures
[{"type":"text","content":"\n\n\n\nCannabis Strategic Acquires Pure Applied Sciences\n\n\n\n\n\nCannabis Strategic Acquires Pure Applied Sciences\nPR Newswire\nLOS ANGELES, February 20, 2018\n\n\n\nLOS ANGELES, February 20, 2018 /PRNewswire/ --\n\nCannabis Strategic Ventures, Inc. (OTC Pink: NUGS) today announces it has signed an agreement to acquire Pure Applied Sciences and its brand PureOrganix, a line of organic and pure cannabis oils and related accessories. The acquisition, which has been finalized, will include all of Pure Applied Sciences intellectual properties, including its formulations and technologies. Additionally, the principals of Pure Applied, Christian Young and Mylad Piroozabacht, as well as their executive teams, will be joining the combined company.\n\nMr. Simon Yu, CEO of Cannabis Strategic commented, \"Over the past few months we have accomplished much.  Today, we announce the completion of our first acquisition.  Pure Applied Sciences was extremely attractive to us because of its extensive portfolio of ultra-high quality products. It's difficult for many small companies to conform with Current Good Manufacturing Practices (cGMP) and to meet FDA guidelines for Active Pharmaceuticals Products (API), but this team has excelled in this area.  It's an important aspect of the product line that will allow for significant expansion. Consumers in the cannabis space demand quality. Pure has built its business around this demand for quality.\"\n\nMr. Yu continued, \"We are also very pleased the main principals of Pure are joining the Cannabis Strategic team.  Chris has considerable marketing experience that will help us grow across all our product lines and Mylad has the science background to head our development efforts. We welcome them to the NUGS family.\"\n\nChris Young obtained his JD from Southwestern Law and his MBA from the University of Southern California.  Chris started his career as an entertainment attorney and moved into the fashion industry as a co-founder of a woman's fashion brand, which was acquired after two years after operations began.  His second endeavor was as a co-founder of Coordinates Collection, a luxury jewelry brand, which was sold in over 500 stores across 10 countries. This firm was acquired by RGNP and Chris mov...