LOS ANGELES, May 15, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -- PRESS RELEASE -- Los Angeles-based Cannabis Strategic Ventures Inc. has announced it is approved for trading on the OTCQB Venture Market, effective May 10, 2019. Uplisting is important for the company as it continues to build shareholder value through more stringent reporting standards and increased investor transparency.
“Uplisting Cannabis Strategic Ventures’ stock to the OTCQB Venture Market is an exciting milestone for our company,” said Simon Yu, CEO of Cannabis Strategic Ventures. “The OTCQB platform will allow us to provide investors increased transparency by providing the information needed to analyze, value and trade.”
This achievement is the latest development in Cannabis Strategic Ventures’ expansion plans. The company, which owns several brands in the cannabis and hemp-derived cannabidiol (CBD) sectors, recently announced the cultivation of land for over 20,000 plants at NUGS Farm North, its six-acre licensed site in Northern California. The farm is expected to operate at maximum capacity by late summer of 2019. In addition, Cannabis Strategic Ventures recently announced its investment in FLORAH, a concept boutique that educates consumers of the benefits of CBD while a curating a best of selection of CBD lifestyle, wellness, beauty and pet products.
“The benefits of uplisting combined with our new initiatives demonstrate to our existing investors and the marketplace that Cannabis Strategic Ventures is on track for growth,” stated Yu. “We have a clearly defined path for expansion and we are diligently working to meet our corporate goals."