- Cannabis sales are projected to increase as NUGS makes move to increase premium cannabis production
- MOU grants rights for NUGS to purchase 10% of the facility at a valuation of $15 million for the entire facility
- Agreement strengthens company’s status as an emerging leader in the vertically integrated California cannabis marketplace
As sales of high-quality cannabis in California, the largest cannabis market in the country, are projected to increase, Cannabis Strategic Ventures (OTCQB: NUGS) is taking strategic steps to ensure its position in the growing space. Most recently, the company inked a Memorandum of Understanding with Devine Solution Inc. with the end goal of increasing its cannabis production capacity (https://cnw.fm/fS4jr).
“Sales of legal adult-use cannabis are expected to increase greatly in the state of California between 2018 and 2024,” reported Statista (https://cnw.fm/LqioS). “Sales already reached 2.5 billion U.S. dollars in…
NOTE TO INVESTORS: The latest news and updates relating to NUGS are available in the company’s newsroom at http://cnw.fm/NUGS
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