Cannabis Strategic Ventures to Enter $11 Billion Cannabis Retail Market - Signs LOI to acquire Pure Applied Sciences and its brand PureOrganix
Company to Become Fully Reporting and Enter the $11 Billion Cannabis Retail Market
Cannabis Strategic Ventures
Ticker: NUGS
https://www.cannabisstrategic.com
Cannabis Strategic Ventures to Enter $11 Billion Cannabis Retail Market - Signs LOI to acquire Pure Applied Sciences and its brand PureOrganix
Pure Applied Sciences and its brand PureOrganix, a line of organic and pure cannabis oils and related accessories.
Mr. Simon Yu, CEO of Cannabis Strategic commented, "The cannabis consumer is increasingly looking for purity in products and this is one of the reasons we are so interested in bringing Pure Applied Sciences into the NUGS fold. The Company thoroughly tests its products and fully conforms to the Current Good Manufacturing Practices (cGMP). They have also created processes to match FDA guidelines for Active Pharmaceuticals Products (API). This is the type of quality product we want within our business portfolio. We are still working out the final details of the transaction, but we passed the LOI stage and look forward to a successful conclusion."
Cannabis Strategic Ventures Moves to Become Fully Reporting & Looks at Possible Uplisting; Engages L&L CPAs, PA
NUGS engages L&L CPAs, PA as its independent audit firm. The firm will conduct a full audit and will assist in bringing the Company up to fully reporting status with the U.S. Securities & Exchange Commission.
"Full transparency is important to our investors and the rest of the investment community. We want to make sure that our investors are well-informed," commented Simon Yu, CEO.
Cannabis Strategic is also planning an uplisting of the Company's stock trading venue. Once the audit is completed, the Company will have a better idea which stock exchange is most appropriate for the Company.
Cannabis Strategic Ventures
Ticker: NUGS
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