PUREORGANIX™, A CANNABIS STRATEGIC VENTURES BRAND, IS NOW IN DISPENSARIES IN CALIFORNIA. NATIONAL AND INTERNATIONAL EXP...
October 18 2018 - 8:30AM
InvestorsHub NewsWire
PUREORGANIX™, A CANNABIS STRATEGIC VENTURES BRAND, IS
NOW IN DISPENSARIES IN CALIFORNIA. NATIONAL AND INTERNATIONAL
EXPANSIONS PLANNED
Los Angeles, CA -- October 18, 2018 -- InvestorsHub
NewsWire -- Pure Applied Sciences, a wholly own subsidiary of
Cannabis Strategic Ventures, Inc. (OTC: NUGS), has announced that
“PureOrganix™,” their brand of high-quality concentrate, organic
and pure cannabis oils that conform with Current Good Manufacturing
Practices (cGMP), is now available in dispensaries in California.
Furthermore, PureOrganix™ plans to expand its national and
international shelf-presence in states with legal markets and
Canada in the next year.
“Having our brand available to consumers is a huge
milestone for PureOrganix™; we have spent months refining our
formulation, branding and designing our product to appeal to our
target demographic. We are excited for PureOrganix™ continued
expansion into legal cannabis retail stores and believe this growth
highlights the growth of the cannabis industry. Equally important,
this confirms our belief that as the cannabis industry expands into
the mainstream, consumer demand for high-quality and pure products
continues to increase. PureOrganix™ stands for quality and we look
forward to increasing our shelf presence in dispensaries throughout
the United States and internationally, in Canadian markets,” said
Simon Yu, CEO, Cannabis Strategic Ventures. “The PureOrganix™growth
affirms Cannabis Strategic Ventures belief that there is incredible
opportunity to create unique cannabis consumer branded products and
expand into other sub-sectors of the cannabis
marketplace.”
Cannabis Strategic Ventures acquired Pure Applied
Sciences and its brand PureOrganix™ in February 2018. In July 2018,
Pure Applied Sciences entered a non-exclusive cannabis concentrate
extraction services agreement with CP Logistics LLC (“CPL”), a
wholly owned U.S. subsidiary of Sunniva Inc. (CSE:SNN)
(OTCQX:SNNVF). Under the agreement, CPL performs white label
services producing high quality, ultra-purified cannabis extracts
out of its Sun-Oil Facility in Cathedral City, California, for Pure
Applied Sciences under the PureOrganix™ brand name. Under this
model, Pure Applied Sciences exclusively develops brand, marketing
and licensing opportunities for distribution to legal retail
stores.
A
September 2018 market report by Arcview Market Research and BDS
Analytics has estimated that Americans will spend $2.9 billion on
concentrates this year, 49% more than last year. In 2014,
concentrates only accounted for 10% of all cannabis sales, but that
number is expected to climb to 27% this
year.
“Concentrates are already revolutionizing the way
cannabis is being consumed. The PureOrganix™ brand has already
captured a strong following and praise for the products and is
poised for tremendous growth as their products become more
available in cannabis retail environments” added
Yu.
About Cannabis Strategic
Ventures
Cannabis Strategic Ventures is a Los Angeles based
firm that incubates, develops and partners with category leaders
within the cannabis sector. The Firm’s NUGS brand experience
provides mentorship and a range of essential services to emerging
and existing Cannabis consumer brands. The Company recently
completed a name and symbol change from Cascade Energy, Inc.
Cannabis Strategic Ventures is publically traded on the U.S. Over
the Counter Market with the stock symbol
NUGS.
FORWARD-LOOKING STATEMENTS: This release contains
"forward-looking statements" within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Forward-looking statements also may be included in other
publicly available documents issued by the Company and in oral
statements made by our officers and representatives from time to
time. These forward-looking statements are intended to provide
management's current expectations or plans for our future operating
and financial performance, based on assumptions currently believed
to be valid. They can be identified by the use of words such as
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "would," "could," "will" and other words of
similar meaning in connection with a discussion of future operating
or financial performance.
Examples of forward-looking statements include, among
others, statements relating to future sales, earnings, cash flows,
results of operations, uses of cash and other measures of financial
performance.
Because forward-looking statements relate to the
future, they are subject to inherent risks, uncertainties and other
factors that may cause the Company's actual results and financial
condition to differ materially from those expressed or implied in
the forward-looking statements. Such risks, uncertainties and other
factors include, among others such as, but not limited to economic
conditions, changes in the laws or regulations, demand for products
and services of the company, the effects of competition and other
factors that could cause actual results to differ materially from
those projected or represented in the forward-looking statements.
Any forward-looking information provided in this release should be
considered with these factors in mind. We assume no obligation to
update any forward-looking statements contained in this
report.
Contact:
Arlene Guzman
Phone:+1-310-359-6860
Email: ir@cannabisstrategic.com
Website: http://www.cannabisstrategic.com
Corporate Communications
Contact:
NetworkNewsWire
(NNW)
New York, New York
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