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Cannabis Strategic Ventures (OTCMKTS:NUGS) Goes Vertical on Acquisition News

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Cannabis Strategic Ventures (OTCMKTS:NUGS) has seen close to 150% bounce on solid acquisition news. NUGS floated across the wire this week that they were taking up all the Asher house per CBD brands and the stock went straight vertical. The volume after the news is also something to behold, but this stock has been steadily climbing before this date. NUGS has more than a 7000% positive change over the last 52-weeks.

“Through the Asher House acquisition, Cannabis Strategic continues to expand its already diverse portfolio of Cannabis focus brands and service offerings.  At Cannabis Strategic, we believe that investing in people is as important as investing in industry-leading products and technologies,” commented Mr. Simon Yu, CEO, of NUGS.  “Lee and Luke’s passion for pet adoption and pet wellness is one of the key ingredients to Asher House’s national recognition. We welcome Lee Asher and Luke Barton, the founders of Asher House, to the NUGS family.

Cannabis Strategic Ventures (OTCMKTS:NUGS) 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.

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This deal will bring the Asher House hemp-based CBD products under the NUGS distribution channels and infrastructure. These products have been covered in numerous publications as they help treat dogs that have chronic anxiety, pain and other ailments.  According to Hemp Business Journal, the CBD market is projected to grow to a $2.1 billion market by 2020. Recent research by the American Pet Products Association suggests that Americans will spend about $70 billion on their pets and $100 billion globally.

“This company is our life calling and is about much more than simply profits.  Our goal is to grow a healthy business while we promote pet health, safety and rescue,” said Lee Asher, co-founder, of The Asher House. “We have introduced our products to thousands of pet owners throughout the United States. This is an important effort for us, and we are very happy to have Cannabis Strategic as a partner that shares our ethics and goals.”

Cannabis Strategic Ventures (OTCMKTS: NUGS) has a market cap of 1.6B with 308.79M shares out. NUGS has strong cannabis products before this deal, but adding Asher only brings in a very lucrative multiple to the fold. This stock is probably not done moving and we will be writing updates as more news comes out. Sign-up for continuing coverage on shares of $NUGS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $NUGS, either long or short, and we have not been compensated for this article.

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