U.S. markets open in 28 minutes
  • S&P Futures

    3,459.50
    +10.25 (+0.30%)
     
  • Dow Futures

    28,352.00
    +84.00 (+0.30%)
     
  • Nasdaq Futures

    11,679.25
    +29.50 (+0.25%)
     
  • Russell 2000 Futures

    1,639.30
    +8.70 (+0.53%)
     
  • Crude Oil

    40.73
    +0.09 (+0.22%)
     
  • Gold

    1,913.60
    +9.00 (+0.47%)
     
  • Silver

    24.88
    +0.17 (+0.67%)
     
  • EUR/USD

    1.1858
    +0.0032 (+0.27%)
     
  • 10-Yr Bond

    0.8620
    +0.0140 (+1.65%)
     
  • Vix

    27.58
    -1.07 (-3.73%)
     
  • GBP/USD

    1.3092
    +0.0011 (+0.09%)
     
  • USD/JPY

    104.7000
    -0.1400 (-0.13%)
     
  • BTC-USD

    12,973.15
    +6.42 (+0.05%)
     
  • CMC Crypto 200

    262.09
    +5.99 (+2.34%)
     
  • FTSE 100

    5,875.95
    +90.30 (+1.56%)
     
  • Nikkei 225

    23,516.59
    +42.32 (+0.18%)
     

As Economy Contracts, Cannabis Sales Surge During Lockdown

NEW YORK, June 25, 2020 (GLOBE NEWSWIRE) -- via CannabisNewsAudio – Cannabis Strategic Ventures Inc. (NUGS) announces the availability of a broadcast titled, “COVID Spikes a Tsunami of Cannabis Sales.”

To hear the AudioPressRelease please visit: The CannabisNewsAudio News Podcast

To read the NEW Cannabis Strategic Ventures (NUGS) Syndicated Brand Awareness Distribution (BAD) editorial article please visit: http://nnw.fm/A8qOG.

COVID-19 has devastated most businesses but created a surge in cannabis sales—a trend that’s likely to continue. Demand exploded during the early stages of COVID-19’s spread through North America. According to the Bank of America, there were record sales of cannabis as consumers stockpiled, preparing for a lockdown. While some people bought mountains of toilet paper or tinned food, both medical and recreational cannabis users were making sure they had enough to see them through a crisis.

Sales could have been stymied as states locked down and restricted business to control the spread of COVID-19. But most states classified cannabis as an essential product, allowing sales to continue even as other parts of the economy were shutting down. Together, these factors led to record sales for some cannabis companies, with Cannabis Strategic Ventures (NUGS) (NUGS Profile) celebrating increased sales of cannabis product from its core cultivation facility and adding staff to address the rising demand.

About Cannabis Strategic Ventures
Cannabis Strategic Ventures Inc. (NUGS) 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 http://www.CannabisStrategic.com

FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance.

Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.

Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks 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, CNW 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. CNW 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, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CannabisNewsWire.com or The CannabisNewsAudio Podcast https://News.CannabisNewsAudio.com

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

Do you have questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CannabisNewsWire is part of the InvestorBrandNetwork