LimeLight of The week is

Cannabis Strategic Ventures Inc.
(OTC: NUGS)

Cannabis Strategic Ventures Inc. (OTC: NUGS) is an emerging leader in the U.S. cannabis marketplace as a publicly traded cannabis cultivator. The company is based in Los Angeles, with a 6-acre cannabis farm in Northern California called NUGS Farm North. The company’s vision is to acquire and scale assets in the legal cannabis market while achieving efficiencies through economies of scale and vertical integration.

Cannabis Strategic Ventures recently expanded its portfolio by completing the transfer process for cultivation, retail, distribution and manufacturing licenses issued by the City of Los Angeles and the State of California, and it is now working toward taking operational control of each license. The company also recently announced the upcoming grand opening of its cannabis dispensary, MDRN Tree. Following that launch, Cannabis Strategic Ventures intends to deploy another of its new licenses to establish an indoor cultivation facility with capacity to produce two to three pounds of premium exotic cannabis flower per light per harvest. The facility will have up to 1,200 grow lights and is anticipated to yield 5.75 harvests per year, bringing it to a total production capacity of over 15,000 pounds of cannabis flower annually.

Brand Portfolio

The company owns multiple brands under the Cannabis Strategic Ventures umbrella. The firm’s NUGS brand provides operational and financial strategic partnerships and a range of essential services to emerging and existing cannabis consumer brands.

The NUGS Farm North brand operates as a six-and-a-half-acre cannabis cultivation property located in northern California. The company believes that the key to success in its business is consistent quality and reliable supply to fit growing consumer demand. Cannabis Strategic Ventures addressed these consumer needs by building NUGS Farm North. At NUGS Farm North, the company’s process is customized, and its product is consistent. Located in the heart of an agricultural mecca for globally distributed produce, NUGS Farm North finds power in its product, not in its size. Decades of agricultural experience and a dedication to consistency ensure quality cannabis.

MDRN Tree is Cannabis Strategic Ventures’ customer-facing dispensary brand. MDRN Tree will open its first Los Angeles location sometime in the fall of 2021. MDRN Tree will be the company’s factory retail store – a direct interface with the end-market community – where Cannabis Strategic Ventures plans on showcasing the cannabis flower produced at its NUGS Farm North cultivation site. This farm-to-sale model offers the potential to drive simultaneous gains in quality control and profitability.

Investment Considerations

• Cannabis Strategic Ventures’ 2020 revenue jumped 517% year-over-year to $14.6 million.
• 2020 revenues from cannabis sales were $14.1 million, up 975% compared to fiscal 2019.
• The company’s gross profit spiked 483% year-over-year, reaching $2.78 million in 2020, while gross margins held steady at about 20 percent.
• Cannabis Strategic Ventures will launch its first Los Angeles dispensary in Q4 2021.
• The company will open an indoor cultivation facility with capacity to produce up to 15,000 pounds of premium cannabis flower annually.

Recent Coverage

420 with CNW - Cannabis Flower Still Rules US Market, But Dominance Is Waning

February 18, 2022 4:20 PM

Flower is the largest category for cannabis products on the U.S. cannabis market. However, its influence is slowly waning as the shift in demand for adult-use products grows.

Recent sales figures from Headset, a research institute based in Oregon, reveal that the prices for flower are dropping in Colorado, California, Michigan, Oregon, Nevada and Washington state. Data shows that the price per gram of flower dropped in the six states by 14%. In January, the flower fetched around $6.78 per gram, dropping to $5.82 in December. The market share in those six states grew from about $5 billion in 2020 to almost $5.5 billion in 2021.

Sector players such as Cannabis Strategic Ventures Inc. (OTC: NUGS) are aware of these changes in customer preferences, and the industry is seeing a burst of innovation aimed at addressing those evolving customer needs.

To view the full article, visit: THIS LINK

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Featured Event

NECANN’s Boston Convention
March 11-13, 2022 - Boston, MA

Venue: Hynes Convention Center, 900 Boylston St, Boston, MA

Cannabis growers, traders, industry professionals, and enthusiasts are invited to attend the NECANN- The New England Cannabis Convention 2022 in Boston, on March 18-20, 2022. NECANN events, organized since 2014 are considered as one of the largest cannabis events on the east coast.

 The NECANN events attract a huge number of Hemp, MMJ and Cannabis traders/professionals in the Northeast in the annual Boston Cannabis Convention. These events are the home base for the New England cannabis industry.

The New England Cannabis Convention in Boston offers a viable avenue for learning the intricacies of the Cannabis Industry and establishing networking and communication among cannabis growers, consumers and investors across the region.

The Boston Convention is attended by industry leaders, thinkers and cannabis professionals who will share their knowledge and insights, as well as discuss the future trends of this rapidly growing industry.

For more information, please visit https://ibn.fm/fElhz

Conference Highlights

• The NECANN- The New England Cannabis Convention 2022 is being held in Boston, on March 18-20, 2022
• This event is the perfect platform for new businesses and traders to explore and discover long-term business opportunities
• The New England Cannabis Convention in Boston last year witnessed over 9,000 people, which is expected to cross the 10,000 mark this year

Upcoming Events

• Alternative Products Expo, Fort Lauderdale — Ft. Lauderdale, FL — 3/11 - 3/13
• NECANN’s New York Cannabis Convention — New York City — 5/14 - 5/15
• Alternative Products Expo, Colombia — Colombia — 5/21 - 5/22

About CannabisNewsWire (CNW)

CannabisNewsWire (CNW) is a multifaceted financial news and publishing company that delivers a new generation of social communication solutions, news aggregation and syndication, and enhanced news release services. Leveraging a professional team of journalists and writers, CNW introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network of over 5,000 key distribution outlets. Cutting through information overload, CNW's innovative and proprietary systems clearly and succinctly deliver its clients much needed visibility, recognition and brand awareness. CNW is where news, content and information converge.