Influx of Newest CBD Based Products Continue Driving Revenue Generating Opportunities to New Heights

PALM BEACH, Florida, September 27, 2018 /PRNewswire/ --

Financialnewsmedia.com News Commentary 

The explosive cannabis market is rapidly evolving. Fueled by astronomical levels of consumer demand, technological advancements and product diversification, the multi-billion-dollar powerhouse is emerging as one of the prominent powerhouses in 2018. Growth is expected to continue to rise behind increased legalization, which will ultimately lead to more frequent usage and therefore, more spending by consumers. North America remains one of the global frontiers for the market as Canada nears complete legalization. According to a study by Deloitte, the Canadian cannabis market alone will generate north of $7 billion in revenues in 2019. Another encouraging trend for the market is the increased of consumers engaging in the market who have never previously experimented with Cannabis prior to legalization. Active companies in the Cannabis markets this week include Cannabis Strategic Ventures, Inc. (OTC:NUGS), OrganiGram Holdings Inc. (TSX-V:OGI.V) (OTCQX:OGRMF), KushCO Holdings Inc. (OTCQB:KSHB), General Cannabis Corp. (OTCQX:CANN), Medical Marijuana Inc. (OTCPK:MJNA).

Cannabis Strategic Ventures, Inc. (OTCPK:NUGS) BREAKING NEWS : Cannabis Strategic Ventures is pleased to announce the completion of a full audit for its fiscal year ending March 31, 2018. This completes the three-year audit required as part of becoming a fully reporting company with the U.S. Securities & Exchange Commission ("SEC"). Cannabis Strategic Ventures will utilize the audit results to file future reports and disclosures with the SEC and move the Company to fully reporting status. The Company will also use the fully reporting status to uplist to a higher OTC Markets tier.  

"Audits tend to be the most time-consuming part of the financial reporting process. With the final audit completed, we can pivot to filing disclosures and reports with the SEC," commented Simon Yu, CEO of Cannabis Strategic Ventures.

"Despite delays in the process, we remain committed to shareholder transparency and to providing shareholders with timely information about our position in the fast- growing legal cannabis marketplace and all aspects of our financials. We are pleased to report today we are making significant progress on meeting our commitments to our shareholders and fully expect NUGS to soon be among the ranks for fully reporting companies."