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Cannabis Strategic Ventures (OTCMKTS:NUGS) Looks For First California Cannabis Project

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Cannabis Strategic Ventures (OTCMKTS:NUGS) has finalized a letter of intent with an around two acre cannabis processing and cultivation assignment in Santa Barbara County. The remarkable implementation of the assignment will expand the investment portfolio of the firm and it will also offer valuable experience for the management toward developing larger scale projects in the imminent period.

The details

Mr. Simon Yu, the CEO of Cannabis Strategic, expressed that the beginning of the California market is vital to their firm and its investors and they intend to be a part of this development dynamic. They consider the Santa Barbara assignment could eventually turn into both an extraction and cultivation facility. Over the preceding few months they have been engaging strategic associates with expertise in both segments to prepare for this development. They are now entering into the due diligence stage of this assignment and have begun discussions with other assignments in California as well.

With the start of the California recreational marketplace, Cannabis Strategic considers expansion out of its primarily market, Washington, into California presents considerable prospects for the firm. Cannabis Strategic Ventures plans to pursue investment prospects is outsourced employment, staffing and human resources operations, and also in the segments of cultivation, real estate, packaging, dispensary and extraction operations.

Cannabis Strategic is based in Los Angeles and is emphasized on supporting entrepreneurial development within the fast-buzzing legal cannabis segment. They assist small business owners introduce their dreams. The firm, recently completed a symbol and name change, Cannabis Strategic provides outsourced personnel offerings that are customized to match the development dynamics of cannabis manufacturers, dispensaries, cultivators and other cannabis market participants.

In the last trading session, the stock price of Cannabis Strategic declined more than 20% to close the day at $2.50. Post the recent decline, the market cap of firm was noted at around $90 million.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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