Cannabis Strategic Ventures (OTC: NUGS) this morning announced a major common share restructuring led by its CEO Simon Yu, who will cancel 60 million shares with the intention to increase shareholder value as well as uplist to the OTCQB Venture Market Place. This latest restructuring expands on an August 2018 undertaking where NUGS canceled 75.6 million shares, including 20 million from Yu, also aimed at increasing value for investors and to qualify the company for OTCQB uplisting. “2018 has been a tremendous year for the cannabis industry, marijuana stocks and cannabis investors. Reducing the number of outstanding shares increases the value for our shareholders and signals management’s commitment to building an industry-leading organization,” Cannabis Strategic Ventures CEO Simon Yu stated in the news release. “Along with increasing shareholder value, moving to a higher tier exchange is a priority for our Company. OTCQB, will help broaden our shareholder base, provide better access to institutional investors and create additional value to current shareholders.”
To view the full press release, visit http://ibn.fm/bTIz2
About Cannabis Strategic Ventures, Inc.
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 publicly traded on the U.S. Over the Counter Market with the stock symbol NUGS. For more information, visit the company’s website at www.CannabisStrategic.com.
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