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.
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.
- 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.
420 with CNW - California Government Report Highlights Racially Slanted Drug-War Effects
June 9, 2022 4:20 PM
America’s criminal justice system has never been kind to minorities. Long before the drug war wrought untold havoc on the Black community, people of color were much more likely to run afoul of the law, even if they
were innocent or had committed the same crime as a White individual. The war on drugs stepped up this racial persecution and allowed the criminal justice system to arrest and convict nearly half a million Black Americans.
A California government task force recently released an interim report on offering the Black community reparations for the damage caused by marijuana criminalization and the failed drug war as a whole. Established by a bill passed into law in 2020, the Reparations Task Force published a nearly 500-page report to delve deeper into how the U.S.’s drug policies were weaponized
against minorities and led to a cycle of widespread incarceration.
It includes an extremely detailed analysis of the history of the failed drug war and how law enforcement was used to disproportionately target and imprison Black people. The report states
unequivocally that the government criminalized African Americans “at all levels” for social control.
Such reports from committees instituted by state governments vindicate the cannabis industry and industry players such as Cannabis Strategic Ventures Inc. (OTC: NUGS) for campaigning to end prohibition in order to end the racial disparities evident in the way drug laws were being implemented in different
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NECANN’s Vermont Convention
6/25 - 6/26 – Burlington, VT
The largest cannabis convention series in the world.
Locally-focused but industry-driven
105 Pearl St., Essex Junction, Burlington, VT
Exhibit Hall Hours:
- Saturday, June 25: 11:00 AM – 4:00 PM
- Sunday, June 26: 11:00 AM – 4:00 PM
Onsite Box Office opens at 10:00 am each day
The largest convention focused exclusively on the Vermont market!
Our exhibitors are the lifeblood of what makes NECANN successful, and helping them achieve high ROI is our primary goal. We work tirelessly to attract the largest, most comprehensive group of cannabis industry professionals of any event on the east coast, bringing new relationships and customers to them. If you’re looking to become an exhibitor, click on the map or
207-756-5948 | email@example.com for more information.
About CannabisNewsWire (CNW)
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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.