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Cannabis Strategic Ventures Inc.

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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.
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Recent Coverage

420 with CNW - White House Reveals President Biden Has No Plans to Act on Cannabis Reform Ahead of Midterms

September 15, 2022 4:20 PM

Last week, the White House suggested that President Joe Biden would not be making any cannabis policy moves ahead of the midterms. When asked about whether Biden would discuss cannabis before the election, Karine Jean-Pierre, the administration’s press secretary, acknowledged that questions on the president’s plans for marijuana policy had come up on numerous occasions in press briefings.

Jean-Pierre reiterated that the president’s position on marijuana remained the same: leave the adult-use legalization of cannabis to the states, reschedule the plant, federally decriminalize it and expunge previous records. This is in addition to explaining that President Biden believed that there were too many individuals who were serving long sentences for nonviolent drug convictions, with a significant number of those being Black and brown.

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Featured Event

NECANN Maine Cannabis Convention
9/24 - 9/25 – Portland, ME

The 7th Annual Maine Cannabis Convention is being held on September 24-15, 2022, in Portland, bringing the local cannabis community under one umbrella through interactive sessions, one-to-one talks, and valuable discussions on recreational and medicinal marijuana.

The NECANN team works tirelessly to bring industry leaders and cannabis stalwarts to the NECANN floor. The NECANN event in Maine will be graced by key industry players, and growing marijuana traders and enthusiasts can connect with industry veterans to learn about the many new and different aspects of the marijuana trade.

The NECANN events are a storehouse of incredible opportunity and growth for the New England cannabis industry. Exhibitors are invited to set up their booths and pitch their business ideas. Capital and institutional investors can discover new talent on this powerful NECANN forum.

Conference Highlights

  • NECANN is organizing the 7th Annual Maine Cannabis Convention for September 24-15, 2022 in Portland
  • While the local medicinal marijuana sales in Maine were legalized a few years back, recreational marijuana gained legal status only in October 2020
  • NECANN events have been pivotal in shaping the developing cannabis business economy in Maine and the East Coast generally, and offer phenomenal networking and informational opportunities to the local community
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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.

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