Business
Cannabis Strategic Ventures to Acquire Staffing Group With $1.5 Million in Revenue
Cannabis Strategic Ventures to Acquire Staffing Group With $1.5 Million in Revenue.
About this update from Cannabis Strategic Ventures
[{"type":"text","content":"\n\n\n\nCannabis Strategic Ventures to Acquire Staffing Group With $1.5 Million in Revenue\n\n\n\n\n\nCannabis Strategic Ventures to Acquire Staffing Group With $1.5 Million in Revenue\nPR Newswire\nLOS ANGELES, April 24, 2018\n\n\n\nLOS ANGELES, April 24, 2018 /PRNewswire/ --\n\nCannabis Strategic Ventures, Inc. (the \"Company\")(OTC: NUGS) today announces the completion of definitive agreement to acquire Worldwide Staffing Group, Inc. (\"Worldwide\") Under the terms of the agreement, the Company will acquire 100% of Worldwide's issued and authorized shares and will begin recognizing Worldwide's revenues upon closing of the transaction. During 2017, the Worldwide Staffing's group booked approximately $1.5 million in revenues.\n\nWorldwide will operate within the Company as an independent and separate wholly owned subsidiary providing strictly non-cannabis related employment and staffing services. Worldwide will continue to expand its operations in general Clerical and Administrative, Marketing, Accounting, and other verticals. The Company will leverage Worldwide's expertise in order to expand its business operations further into the cannabis staffing arena, with a particular emphasis on the California markets.\n\nSimon Yu, CEO of Cannabis Strategic commented, \"With several business analysts now predicting legal cannabis sales within North America to be at least $10 billion during 2018 and with estimated growth to over $24 billion by 2021, we clearly believe our staffing capabilities will be in a state of accelerating demand. The job demands in the Cannabis Sector are expanding into other job functions beyond the traditional Bud Trimmers and Bud Tenders. This acquisition better prepares us to meet the growth we are expecting through the end of this year, into next, and beyond. We welcome Worldwide Staffing into the Cannabis Strategic portfolio.\n\nAbout Cannabis Strategic Ventures   \n\nCannabis Strategic Ventures is based in Los Angeles and is focused on supporting entrepreneurial growth within the fast-growing legal cannabis sector. The Company, recently completed a name and symbol change from Cascade Energy, Inc. Cannabis Strategic Ventures offers outsourced personnel solutions that are tailor-made to match the growth dynamics of cannabis cultivators, manufacturers, dispensaries, and other cannabis m...