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Saturday, July 24, 2021

Cannabis Strategic Ventures (OTCMKTS: NUGS) Gaining As Investors Accumulate

Cannabis Strategic Ventures (OTCMKTS: NUGS) is on the move northbound in recent weeks after a brief dip below the $0.05 mark. NUGS is getting noticed as the Company continues to put out big numbers reporting $6.4 million in total sales from cannabis during the three months ended Sept. 30, 2020, which compares with $3.3 million in total sales from cannabis during the three months ended June 30, 2020, a sequential quarterly increase of over 90%, and a year-over-year increase of over 800% compared to the three months ended Sept. 30, 2019.

Microcapdaily has been reporting on NUGS for years; the Company’s CEO Simon Yu is a mover and shaker who has been working hard behind the scenes as the Company looks to up list to the OTCQB Venture Market. NUGS is the operator of NUGS Farms which has been 0n a growth curve recently signing an LOI to obtain an additional  300,000-square-foot greenhouse facility for cannabis cultivation.

Cannabis Strategic Ventures Inc. (OTC: NUGS) wholly own subsidiary NUGS Farm North, is a legal state licensed Cannabis cultivator in the state of California with over 6 acres of greenhouse. Cannabis Strategic Ventures cultivates and sells cannabis biomass and related products to the state legal cannabis market. NUGS operating subsidiaries include s NUGS FARM, Asher House Welness, Budhire, and Lyxr. The Company owns NUGS FARM a large mixed-light cannabis cultivation operations in the state of California. The farm has harvests and process crops on a monthly basis, with each crop yielding approximately 3,500 pounds of quality flower. NUGS has spent a lot of time and money into streamlining and refining its cultivated strains. NUGS recently reported its grow team has been working on a comparative evaluation to determine which four strains consistently produce the most optimal results at its cultivation facility. The evaluation is focused on identifying results in terms of year-round harvest productivity, pricing standards, and integrated biological fitness given the precise ecology contextualizing NUGS Farm.

An opportunity drew NUGS to the six and a half acre property located in Northern California, the opportunity to provide an elevated quality of life, the opportunity to strengthen the global economy, the opportunity to infuse the industry with NUGS. Nestled in the heart of an agricultural mecca for globally distributed produce, NUGS Farm North finds its power in its product, not in its size. Decades of agricultural experience, a dedication to consistency ensures quality grows, and most importantly, that we grow together. So let’s throw the buzz words out the window, this industry isn’t hot, trendy, or in a word, dope. This is cannabis. It’s timely. It’s real. And we’re serious (about cultivation.)  We look at it from your perspective, helping you provide the most consistent and reliable supply to fit your growing demand.

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On November 10 NUGS announced performance data for the three months ended Sept. 30, 2020, which featured robust growth and broad expansion in positioning within the rapidly growing California cannabis marketplace. The Company booked over $6.4 million in total sales from cannabis during the three months ended Sept. 30, 2020, which compares with $3.3 million in total sales from cannabis during the three months ended June 30, 2020, a sequential quarterly increase of over 90%, and a year-over-year increase of over 800% compared to the three months ended Sept. 30, 2019. Management notes that performance data trends in place for the Company reflect a combination of better product quality, better distribution relationsps and better pricing coming together in a favorable environment with multiple tailwinds. The Company continues to prioritize expansion of production and distribution as well as product refinement. Management believes that the rapid year-to-date growth in sales, in particular, has been driven by improved market positioning and product quality following the Company’s investments in improved cultivation standards, per-harvest production yield and total production capacity during a period when many competitors were downsizing earlier this year, creating an undersupplied marketplace that represented an important opportunity for Cannabis Strategic Ventures.

NUGS CEO Simon Yu stated: “We saw a terrific quarter come to an end in September, but we are already turning our attention to expanding and executing in the months and quarters ahead, Our $5 million 2020 annual revenue guidance has been left in the dust at this point. We are now seeing total sales accelerate toward a significantly higher mark as we continue to improve product quality, market reach and execution.We hit the gas pedal when everyone else was hitting the brakes earlier this year, including on the execution side, which led to better product quality, which, in turn, has led to higher pricing in the market for our cannabis production on a per-unit volume basis. That trend continues to dovetail with our very positive trend in rising production capacity. In the process, we have nailed into place a growing footprint of strong distribution relationships by being a reliable source of high-quality products in an unpredictable context for end-market retailers.”

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NUGS is on the move northbound in recent weeks after a brief dip below the $0.05 mark. NUGS is getting noticed as the Company continues to put out big numbers reporting $6.4 million in total sales from cannabis during the three months ended Sept. 30, 2020, which compares with $3.3 million in total sales from cannabis during the three months ended June 30, 2020, a sequential quarterly increase of over 90%, and a year-over-year increase of over 800% compared to the three months ended Sept. 30, 2019.  Microcapdaily has been reporting on NUGS for years; the Company’s CEO Simon Yu is a mover and shaker who has been working hard behind the scenes as the Company looks to up list to the OTCQB Venture Market. NUGS is the operator of NUGS Farms which has been 0n a growth curve recently signing an LOI to obtain an additional  300,000-square-foot greenhouse facility for cannabis cultivation. For more on NUGS subscribe right now.

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Disclosure: we hold no position in NUGS either long or short and we have not been compensated for this article.

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