Cannabis Strategic Ventures, Inc. (OTC Pink: NUGS) today announces it has signed a letter of intent with an approximately two acre cannabis cultivation and processing project in Santa Barbara County. The successful implementation of the project will not only expand the investment portfolio of the Company, but will also provide valuable experience for the management team toward building larger scale projects in the future.
Mr. Simon Yu, CEO of Cannabis Strategic commented, “The opening of the California market is important to our Company and its investors and we plan to be a part of this growth dynamic. We believe the Santa Barbara project could ultimately turn into both a cultivation and extraction facility. Over the past few months we have been recruiting strategic partners with expertise in both areas to prepare for this growth. We are now moving into the due diligence phase of this project and have begun talks with other projects in California as well.”
With the opening of the California recreational market earlier this week, Cannabis Strategic believes expansion out of its first market, Washington State, into California presents significant opportunities for the Company. The Company plans to pursue investment opportunities in not only outsourced employment, human resources and staffing operations, but also in the areas of real estate, cultivation, extraction, packaging and dispensary operations.
About Cannabis Strategic Ventures
Cannabis Strategic Ventures is based in Los Angeles and is focused on supporting entrepreneurial growth within the fast-growing legal cannabis sector. We help small business owners launch their dreams. 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 marketplace participants. Cannabis Strategic Ventures is publically traded on the U.S. Over the Counter Market with the stock symbol NUGS.
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