Cannabis Strategic Ventures Inc. (OTC: NUGS) Diversifying to Capture Increased Market Share

Rhea-AI Summary

Cannabis Strategic Ventures Inc. (OTC: NUGS) is highlighted in an editorial by NetworkNewsWire, discussing the current cannabis market dynamics. Despite a challenging environment with wholesale price pressures, particularly in California, the overall cannabis market remains vibrant. NUGS is strategically diversifying its operations, establishing retail locations and new indoor growing facilities to capture market share during this transition. The company sees opportunities amid industry shake-outs, positioning itself for growth with an integrated approach across the cannabis value chain.

Positive

• NUGS is diversifying operations with new retail locations and indoor grow facilities.
• The company views market challenges as opportunities for increased market share.

Negative

• Wholesale cannabis prices are under pressure due to oversupply and price cuts, particularly in California.

NEW YORK, Dec. 08, 2021 (GLOBE NEWSWIRE) -- via InvestorWire — Cannabis Strategic Ventures Inc. (OTC: NUGS) today announces its placement in an editorial published by NetworkNewsWire ("NNW"), one of 50+ trusted brands within the InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company for private and public entities.

To view the full publication, “The Cannabis Market — Where Only the Strong Will Survive,” please visit: https://www.nnw.fm/Yfvup

Even as the cannabis market continues expanding, pricing for wholesale cannabis has been under protracted pressure from oversupply and price cuts. Make no mistake — the cannabis market is still robust with large upside, and survivors of this supply side shake-out should secure ever-greater market share. The pressures may be most prevalent in California, the world’s biggest cannabis market, as light-deprivation crops reach market in 2021 and the potential for Type 5 cultivation licenses allowing for massive outdoor-growing facilities could be issued in California by 2023.

To survive and thrive, companies will need to be nimble, diversify assets across the value chain and generate revenues from multiple venues. That’s preaching to the choir for Los-Angeles-based Cannabis Strategic Ventures Inc. (OTC: NUGS). One of California’s publicly traded cannabis cultivators, NUGS has been actively diversifying into integrated operations complete with high-profile retail locations and new indoor grow facilities. NUGS views the shake-out as opportunity and fully expects to capture increased market share as the company continues to diversify. 

About Cannabis Strategic Ventures Inc.

Cannabis Strategic Ventures is one of the largest publicly traded marijuana cultivators in the United States. The company is Los Angeles-based and incubates, develops and partners with category leaders within the cannabis and ancillary sectors. The firm’s NUGS brand experience provides operational and financial strategic partnerships and a range of essential services to emerging and existing Cannabis consumer brands.

For more information, visit www.CannabisStrategic.com.

NOTE TO INVESTORS: The latest news and updates relating to NUGS are available in the company’s newsroom at http://ibn.fm/NUGS 

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness.

NNW is where news, content and information converge.

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For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
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Editor@NetworkNewsWire.com

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FAQ

What is the recent press release about Cannabis Strategic Ventures Inc. (NUGS)?

The press release discusses an editorial placement of NUGS in NetworkNewsWire, highlighting market challenges and the company's strategic diversification efforts.

How is NUGS addressing market pressures in the cannabis industry?

NUGS is diversifying its operations and establishing retail locations to capture increased market share despite pricing pressures.

What challenges is the cannabis market currently facing according to NUGS?

The cannabis market is facing wholesale price pressures due to oversupply and anticipated price cuts, especially in California.

What opportunities does NUGS see in the cannabis market?

NUGS believes that the current supply shake-out presents opportunities for increased market share and operational growth.