Cannabis Strategic Ventures (OTCMKTS:NUGS) Expresses Gratitude To Shareholders For Continued Support: Roars Into 2020 With Commendable Achievements in 2019

Cannabis Strategic Ventures (OTCMKTS:NUGS) has issued an update to its shareholders on the eve of 2019 coming to an end. It has expressed gratitude to the loyal shareholders for their continued support, patience, and commitment throughout the year.

Chief Executive Officer of Cannabis Strategic, Simon Yu, said 2019 is a transformative year for the company. It has achieved significant progress in 2019 and expects to play a much bigger role in 2020.

Accomplishments in 2019

Cannabis Strategic has secured a six-acre NUGS Farm greenhouse on lease. It also obtained annual cannabis licenses. The company also arranged the financing for NUGS farm. Cannabis Strategic has completed the cultivation and harvest of the first cannabis crop and posted record revenues in Q4 2019.

Cannabis Strategic has posted robust results of over $700,000 in Q2 2019, an increase of 1,300% when compared to the same period last year. The company expects to report revenues of over $1 million for the year ending 2019. Based on the expanded capacity and resources, the company expects to report revenues of over $5 million next year.

Issues a clarification on unauthorized promotional activity

Cannabis Strategic has received a notice from OTC Markets regarding the unauthorized promotional activity. It has issued the following clarification:

The company is aware of third party promotional activities for its stock only on receipt of a notice from OTC Markets. Cannabis Strategic has not indulged in any promotional activity through third-parties. It has not authorized any third-party for promotional activities for its common stock.

After conducting an inquiry, Cannabis Strategic said neither its officers and directors nor the company authorized indirectly or directly for the creation, authorization, and distribution of payments for promotional emails through third-parties. Its officers or directors have not traded the company shares in the past 90 days.

NetworkNewsWire handles its press releases. Arlene Guzman, a public relations officer of Cannabis Strategic, is responsible for providing additional support for the approved press releases dissemination. The company only engaged San Diego Torrey Hills Capital, Inc, Meridian Ventures, LLC, NetworkNewsWire, and FN Media Group, LLC in the past 12 months for its investor reach efforts. These firms are unaware of any unauthorized promotional activities through third parties.