LOS ANGELES, February 20, 2018 /PRNewswire/ —
Cannabis Strategic Ventures, Inc. (OTC Pink: NUGS) today announces 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, which has been finalized, will include all of Pure Applied Sciences intellectual properties, including its formulations and technologies. Additionally, the principals of Pure Applied, Christian Young and Mylad Piroozabacht, as well as their executive teams, will be joining the combined company.
Mr. Simon Yu, CEO of Cannabis Strategic commented, “Over the past few months we have accomplished much. Today, we announce the completion of our first acquisition. Pure Applied Sciences was extremely attractive to us because of its extensive portfolio of ultra-high quality products. It’s difficult for many small companies to conform with Current Good Manufacturing Practices (cGMP) and to meet FDA guidelines for Active Pharmaceuticals Products (API), but this team has excelled in this area. It’s an important aspect of the product line that will allow for significant expansion. Consumers in the cannabis space demand quality. Pure has built its business around