Cannabis Strategic Ventures (OTC: NUGS) this morning announced that it has signed a definitive agreement to acquire the Fitamins CBD brand. Per the terms of the agreement, Fitamins will distribute its vitamin and hemp derived CBD formulations to its network of 600+ wholesalers catered to the Asian-American market. Fitamins will also produce a proprietary CBD product as part of Cannabis Strategic’s brand portfolio, primarily targeting the United States’ distribution networks first and ultimately growing into other Asian markets that have legalized CBD products. “We have selected Fitamins because of its substantial distribution network and because of the import/export and marketing channels that Fitamins already possesses, giving it a distinct advantage once the brand comes online this next quarter,” Cannabis Strategic Ventures CEO Simon Yu stated in the news release. “The Fitamins team includes two principles who have proven track records with developing and selling multi-million dollar brands in the Asian Nutraceuticals market along with significant resources including ownership of multiple “as seen on TV” local and DirecTV channel segments.”
To view the full press release, visit http://ibn.fm/BjU1S
About Cannabis Strategic Ventures, Inc.
Cannabis Strategic Ventures is based in Los Angeles and is focused on supporting entrepreneurial growth within the fast-growing legal cannabis sector. The company recently completed a name and symbol change from Cascade Energy, Inc. Cannabis Strategic Ventures offers outsourced personnel solutions that are tailor-made to match the growth dynamics of cannabis cultivators, manufacturers, dispensaries, and other cannabis marketplace participants. Cannabis Strategic Ventures is publicly traded on the OTC Markets with the stock symbol NUGS. For more information, visit the company’s website at www.CannabisStrategic.com.
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