Business
Cannabis Strategic Ventures Highlights Record Results in 2019
Cannabis Strategic Ventures Highlights Record Results in 2019.
About this update from Cannabis Strategic Ventures
[{"type":"text","content":"\n LOS ANGELES, Dec. 23, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – Cannabis Strategic Ventures (OTCQB:NUGS) (“NUGS” or the “Company”), an emerging leader in the U.S. cannabis marketplace, is pleased to provide shareholders with a look back at some of the highlights and accomplishments characterizing the Company’s most successful year of operations in its history as 2019 comes to an end. The Company also wishes to offer up a sincere expression of gratitude to all of its loyal shareholders for their continued commitment, patience and steady support. “2019 was transformative for Cannabis Strategic Ventures,” commented Simon Yu, CEO, Cannabis Strategic Ventures. “We are extremely excited about the progress we made during 2019, and the tremendous position we are in as we head into 2020.” Management points to several accomplishments during 2019 that will play a critical role in positioning the Company for a much bigger scale of operations in 2020: Secured 6-acre NUGS Farm greenhouse leaseSuccessfully acquired annual cannabis licenses Secured funding for the NUGS Farm projectCultivated and harvested first cannabis cropAchieved new record revenue quarter As a result of these achievements, the Company is now comfortably projecting that 2019 will close at its best-ever year in terms of revenues. “2019 has been a year of tremendous success under the surface,” continued Yu. “That success will become much more apparent from the outside in the weeks and months ahead. We hit key milestones according to our larger strategic plan this year and we look forward to a banner year in 2020 as we maintain that operational momentum.” About Cannabis Strategic VenturesCannabis Strategic Ventures Inc. (OTC: NUGS) is one of the largest publicly traded marijuana cultivators in the United States. The Company is Los Angeles-based that incubates, develops and partners with category leaders within the cannabis and ancillary sectors. The Firm's NUGS brand experience provides operational and financial strategic partnerships and a range of essential services to emerging and existing Cannabis consumer brands. For more information, visit http://www.CannabisStrategic.com FORWARD-LOOKING STATEMENTS: This release contains \"forward-looking statements\" within the meaning of the safe har...