Cannabis Strategic Ventures (OTCMKTS:NUGS) reported the strategic direction of its flagship farm, NUGS Farm North. The company stated that its six-acre marijuana grow facility will reach working to its full capacity in this fall. Once this happens, the company will be come in the list of leading cultivators by volume in California. NUGS Farm North is situated in an area of exceptional agricultural heritage, which makes the growing conditions ideal for yielding a significant quantity of the premium quality marijuana in the world.
Simon Yu, the CEO of Cannabis Strategic Ventures, expressed that the operationalization of NUGS Farm North marks as a notable step in achieving their goals. This development will help them to become one of the leading legal growers and distributors of several types of cannabis products in the United States California. They are proud of their both teams, in the corporate office and on the ground. The teams are diligently working to cultivate quality crops of some of the leading varietals. For the purpose, they are looking for all the ways to secure the operational and financial resources.
Yu added that their team is rapidly becoming one of the leading publicly traded businesses within the U.S. cannabis industry. They thank their shareholders who continue to support their growth and are thrilled to offer an update on the particulars of their extensive financing package. The firm intends to report the details of this extensive financing package in the coming weeks.
Cannabis Strategic Ventures expressed that the site of NUGS Farm North is larger than six acres. It will be used for cultivation of greenhouse cannabis. They will offer an exceptional range of products, including fresh frozen and trim for THC oil production.
Uplisting to OTCQB Venture Market
More recently, Cannabis Strategic Ventures reported that its stock has been up listed for trading on the renowned OTCQB Venture Market. This OTCQB uplisting has resulted in significant investor involvement and interest in NUGS Farm North. The grow estimates have produced increased investor attention and commitments of extensive funds to finance and grow the operation. Uplisting is vital for the firm as it continues to enhance shareholder value through increased investor transparency and stringent reporting standards.