Cannabis Strategic Ventures, Inc. (OTC: NUGS) announced it has signed an agreement to acquire Pure Applied Sciences and its brand PureOrganix, a line of organic and pure cannabis oils and related accessories. The acquisition included all of Pure Applied Sciences’ intellectual properties, including its formulations and technologies. In addition, the principals of Pure Applied Sciences, Christian Young and Mylad Piroozabacht, as well as their executive team, joined the combined company.
Cannabis Strategic Ventures, Inc. is a Los Angeles based firm that is focused on supporting entrepreneurial growth within the legal cannabis sector. The Company recently completed a name change from Cascade Energy, Inc. According to Tom Adams of BSD Analytics, the cannabis retail market is expected to hit $11 billion in 2018 and $21 billion in 2021. Cannabis Strategic Ventures, Inc. believes expansion into branded products, such as the PureOrganix line of cannabis oils and related products, presents a significant opportunity for the company to carve out and control specific industry niches.
Cannabis Strategic Ventures, Inc. plans to continue building its traditional employment and staffing division while simultaneously pursuing investment opportunities in the areas of real estate, cultivation, extraction, distribution, packaging, dispensary operations, and branded products. The company’s acquisition of Pure Applied Sciences was their first step in this new direction.