Expected Passing of Farm Bill to Influence Expansion of Hemp and Cannabis Grow Projects

PALM BEACH, Florida, December 12, 2018 /PRNewswire/ --

Financialnewsmedia.com News Commentary 

Hemp & Cannabis farmers and producers are anticipating a massive victory in the form of the 2018 Farm Bill, which is expected to pass before the end of the year. Grow operations are already gearing up as U.S. Congress is expected to pass the 2018 Farm Bill with a provision that would define industrial hemp a regular agricultural crop, clarifying the legal status of extracts and allowing hemp growers to buy federally-subsidized crop insurance. Hemp's inclusion in the Farm Bill was sponsored by the most powerful US senator, Mitch McConnell, the chamber's majority leader. Some have gone as far as saying this bill could make cannabis the new tobacco equivalent, generating billions of dollars on an annual basis. Growth has already been exception prior to the passing of this bill, with the amount of industrial hemp increasing from less than 5,000 acres to nearly 35,000 acres in the span of just three years. Active companies in the Cannabis market this week include Cannabis Strategic Ventures, Inc. (OTC:NUGS), MedMen Enterprises Inc (CSE:MMEN) (OTC:MMNFF), Isodiol International Inc. (CSE:ISOL) (OTC:ISOLF), Freedom Leaf Inc. (OTC:FRLF), MariMed Inc. (OTC:MRMD).

Cannabis Strategic Ventures, Inc. (OTCPK:NUGS) BREAKING NEWS: Cannabis Strategic Ventures today announced a major common share restructuring led by Chief Executive Officer, Simon Yu, who will cancel 60 million shares as part of the Company's efforts to increase shareholder value and to uplist on the OTCQB Venture Market Place. The OTCQB Tier, which has more stringent reporting standards, compliance requirements and requires that companies maintain minimum share prices and be fully reporting, provides investors with increased transparency. Typically, uplisting to a higher tier results in greater awareness and liquidity for the issuer.

Cannabis Strategic Ventures latest share restructuring expands on an August 2018 undertaking where the Company canceled 75.6 million shares, including 20 million from Yu. Both share cancellations aim to increase 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," said Simon Yu, CEO, Cannabis Strategic Ventures. "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." Read this and more news for Cannabis Strategic Ventures at: http://www.financialnewsmedia.com/news-nugs