Cannabis Strategic Ventures Inc. NUGS Archives - Page 2 of 12

TuesdayOct 26, 2021 12:38 pm

QualityStocksNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Announces Key Milestone in Building Farm-to-Sale Vertical Model

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced that the company is set to take full operational control of the downtown Los Angeles “MDRN Tree” cannabis product dispensary. MDRN Tree is the company’s first in-house end-market consumer-facing retail sales outlet. Beginning in November 2021, NUGS will begin to record sales from the dispensary on its books. “We continue to build a full farm-to-sale vertical model, and MDRN Tree is a big part of that vision,” said Simon Yu, CEO of NUGS. “It’s exciting to watch the pieces come together, and we look forward…

TuesdayOct 05, 2021 1:43 pm

QualityStocksNewsBreaks – Cannabis Strategic Ventures (NUGS) Launches LA Dispensary Brand, Announces Cultivation Expansion

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, is beginning to deploy its licenses; that process includes the opening of the first Los Angeles location of MDRN (“MDRN”) Tree, the company’s customer-facing dispensary brand. After the opening of its LA location, NUBS anticipates utilizing another of its new licenses to establish an indoor cultivation facility. With up to 1,200 grow lights, the facility is expected to product two to three pounds of premium exotic cannabis flower per light per harvest, with the company projected an average of 5.75 harvests per year. Based on that production,…

ThursdayOct 22, 2020 12:27 pm

QualityStocksNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Books Over $2.3M September Sales, Eyes Strong Year-End Run

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced September monthly performance data, which showed a strong continued pace of growth in sales of cannabis products during the month. According to the update, the company booked over $2.3 million in total sales from cannabis products during September. That compares to $1.8 million in total sales from cannabis products in August, representing a sequential monthly growth rate of approximately 28%. “We continue to see growing market positioning and overall performance despite variable market conditions for cannabis producers over the past two months,” Simon Yu, CEO…

WednesdayAug 12, 2020 11:30 am

QualityStocksNewsBreaks – Cannabis Strategic Ventures Inc. (NUGS) Posts Record Revenues in July, Reaching $2.3M

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, has released monthly performance data for July. Those numbers — $2.3 million in total sales from cannabis products — exceeded company projections and mark a record sales performance for the company. The report attributes much of this record-breaking growth to its improved positioning in the California cannabis market among partners and distributors. “It would be easy to lose perspective at this point because we exceeded our own expectations by such a wide margin in July,” said Cannabis Strategic Ventures CEO Simon Yu in the press release. “That…

ThursdayJul 02, 2020 11:06 am

QualityStocksNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Closes June with Continued Sales Momentum, Posting Second-Best Week in Its History

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced that it closed out the month of June with continued sales momentum, posting its second-best week in Company history, with over $550,000 in sales of cannabis products (an annualized pace of better than $28 million). “It’s no surprise that we keep setting or closing in on new record sales numbers for days, weeks, months,” Simon Yu, CEO of Cannabis Strategic Ventures, said in the news release. “It’s hard to imagine that we won’t see this continue in July, August and beyond. This is the product…

WednesdayJun 24, 2020 11:49 am

QualityStocksNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Achieves Continued Robust Growth, on Pace for Record Month

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced continued robust growth in total volume of cannabis sales and revenues from cannabis sales during the month of June, which is now on pace to set a new Company performance record. “We continue to benefit from our decision in March to get more aggressive rather than retrench in response to the coronavirus crisis,” Simon Yu, CEO of Cannabis Strategic Ventures, stated in the news release. “The cannabis shortage we have seen in California since that time has afforded us a golden opportunity to sharply expand…

WednesdayJun 17, 2020 11:53 am

QualityStocksNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Issues LOI for Greenhouse Facility with Potential to More Than Double Production Capacity

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced that it has issued a Letter of Intent (“LOI”) to obtain a new 300,000-square-foot greenhouse facility for cannabis cultivation. According to the update, negotiations are underway for the new facility that would more than double the Company’s cannabis production capacity. “In this environment, the market is going to take as much as we can produce given our steady evolution in product quality, and we see those conditions extending for quite some time,” Simon Yu, CEO of Cannabis Strategic Ventures, stated in the news release. “That…

ThursdayJun 04, 2020 11:21 am

QualityStocksNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) on Pace to $11 Million in Annualized Sales

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced new projections for calendar Q2 sales. According to the update and based on its performance in April and May, the Company is now on pace for over $2.7 million in quarterly sales and approximately $11 million in annualized sales. “We believe we can drive further significant organic growth from current levels,” Simon Yu, CEO of Cannabis Strategic Ventures, stated in the news release. “Current performance is being driven by multiple factors, including volume, capacity and pricing, all aligning with a strong macro environment in the…

ThursdayMay 28, 2020 1:57 pm

QualityStocksNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Announces Sales from Latest Harvest at Strong 11% Premium to Current Industry Benchmarks

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced that recent sales from its latest harvest have earned unit pricing at a strong 11% premium to current industry standard benchmarks for cannabis sales on a per pound basis. According to CannabisBenchmarks.com, U.S. cannabis sales currently average roughly $1,525 per pound. From six months ago to now, Cannabis Strategic Ventures has transitioned from selling at a discount to now selling at a premium relative to benchmark levels, with pricing of recent sales at approximately $1,700 per pound. “We have seen a steady improvement in per…

WednesdayMay 13, 2020 11:43 am

QualityStocksNewsBreaks – Cannabis Strategic Ventures, Inc. (NUGS) Announces Expanded Inventory to Meet Surging Demand

Cannabis Strategic Ventures (OTCQB: NUGS), an emerging leader in the U.S. cannabis marketplace, today announced that it will have new expanded inventory ready for sales and shipment next week. According to the update, this follows a sharp surge in sales in early May that left the company “sold out” every week for the past month for the first time in its history. The company recently expanded total production capacity by up to 150%, and the capacity expansion will contribute to inventory going forward as the company translates surging demand into accelerating sales growth. “We have never seen anything like this,”…

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