Cannabis Strategic Ventures Finishes April Strong with Record Breaking Month
05 Mayo 2020 - 12:27PM
InvestorsHub NewsWire
LOS ANGELES,
CA -- May 5, 2020 -- InvestorsHub NewsWire -- Cannabis Strategic
Ventures (OTCQB:NUGS)
(“NUGS” or the “Company”), an emerging leader in the U.S. cannabis
marketplace, is excited to announce that the Company finished the
month of April with a record final week of sales. The Company
reports a sharp increase from its previous week’s new monthly sales
record (See release at:
http://cnw.fm/4zTzT)
to
an estimated annualized pace topping $10 million and driving April
sales more than 800% higher than the average monthly totals seen in
calendar Q1.
Simon Yu, CEO
of Cannabis Strategic Ventures, noted, “The close of April
represents an important signal in terms of business context. We
have seen a number of strong signals suggesting a robust
acceleration in sales in calendar Q2. But we have clearly been
underestimating the extent of that acceleration. Given our move to
increase production capacity, we should see an even more impressive
close to Q2 and will likely have to further ratchet up our
expectations.”
The Company
recently doubled its production capacity, which will allow it to
continue to take on growing distributor relationships and larger
orders in the California cannabis
market.
In addition,
as noted in the Company’s release dated April 15 (See release
at:
http://cnw.fm/Ow6EG),
management is also aggressively working toward the
launch of the Company’s branded cannabis product line, which has
already been placed as a featured product with one of the fastest
growing cannabis delivery services in
California.
Yu continued,
“As noted previously, the growth we are seeing is not about the
coronavirus pandemic. This is organic growth coming mostly through
improving market
positioning.”
Cannabis
Strategic Ventures has a growing social media presence. Follow us
on:
Twitter:
@NUGS_stock
Facebook:
https://www.facebook.com/NUGSstock/
Instagram:
@nugs_farm
About Cannabis
Strategic Ventures
Cannabis
Strategic Ventures Inc. (OTC:
NUGS) is one of the largest publicly traded marijuana
cultivators in the United States. The Company is Los Angeles-based
and 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 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.
Corporate
Contact:
Email:
IR@CannabisStrategic.com
Website: http://www.CannabisStrategic.com
Corporate
Communications:
InvestorBrandNetwork
(IBN)
Los Angeles,
California
www.InvestorBrandNetwork.com
310.299.1717
Office
Editor@InvestorBrandNetwork.com
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