Cannabis Strategic Ventures Signs Letter of Intent to Access Approximately 40 Licenses in Santa Barbara County
January 16 2019 - 8:30AM
InvestorsHub NewsWire
Cannabis Strategic Ventures Signs
Letter of Intent to Access Approximately 40 Licenses in Santa
Barbara County
LOS ANGELES, CA -- January 16,
2019 -- InvestorsHub NewsWire -- Cannabis Strategic Ventures,
Inc. (OTC:
NUGS) today announces that it has signed a Letter of Intent to
partner with a Santa Barbara County cultivation operation that
holds approximately 40 commercial cannabis licenses from the County
of Santa Barbara, the California Bureau of Cannabis Control, the
Manufactured Cannabis Safety Branch, and the CalCannabis
Cultivation for growth, manufacturing and cultivation. The parties
involved are working on a final
agreement.
“As we
increase Cannabis Strategic Ventures’ stronghold in the California
cannabis market, we are pursuing partnerships that are
strategically aligned with our corporate growth plans,”
comments Simon Yu, CEO, Cannabis Strategic Ventures. “Obtaining
access to a large batch of licenses located between the
cannabis-friendly cities of San Francisco and Los Angeles will
allow us to expedite our growth and scalability.”
A Pew Research study from September
states that 62% of Americans support legal cannabis, double the
support recorded in 2000, highlighting increased acceptance for
cannabis-friendly regulations. As consumer demand for recreational
and medicinal cannabis continues to grow, industry leaders are
forced to solidify suppliers for their distribution
channels.
“Cannabis Strategic Ventures is
excited for 2019 and what increases in consumer demand could mean
for our brand,” comments Yu. “We remain focused on managing
our business operations for growth and making sure we are well
prepared to keep up with the momentum of the cannabis
industry.”
About Cannabis Strategic
Ventures (NUGS)
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.
FORWARD-LOOKING STATEMENTS: This
release contains "forward-looking statements" within the meaning of
the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements also may
be included in other publicly available documents issued by the
Company and in oral statements made by our officers and
representatives from time to time. These forward-looking statements
are intended to provide management's current expectations or plans
for our future operating and financial performance, based on
assumptions currently believed to be valid. They can be identified
by the use of words such as "anticipate," "intend," "plan," "goal,"
"seek," "believe," "project," "estimate," "expect," "strategy,"
"future," "likely," "may," "should," "would," "could," "will" and
other words of similar meaning in connection with a discussion of
future operating or financial performance.
Examples of forward-looking
statements include, among others, statements relating to future
sales, earnings, cash flows, results of operations, uses of cash
and other measures of financial performance.
Because forward-looking statements
relate to the future, they are subject to inherent risks,
uncertainties and other factors that may cause the Company's actual
results and financial condition to differ materially from those
expressed or implied in the forward-looking statements. Such risks,
uncertainties and other factors include, among others such as, but
not limited to economic conditions, changes in the laws or
regulations, demand for products and services of the company, the
effects of competition and other factors that could cause actual
results to differ materially from those projected or represented in
the forward-looking statements. Any forward-looking information
provided in this release should be considered with these factors in
mind. We assume no obligation to update any forward-looking
statements contained in this report.
Contact:
Arlene Guzman
Phone:+1-310-359-6860
Email:
IR@CannabisStrategic.com
Website: http://www.CannabisStrategic.com
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