- CEO
- Simon Yu
- Full Time Employees
- 30
- Sector
- Healthcare
- Industry
- Drug Manufacturers - Specialty & Generic
- Address
- 833 South Spring Los Angeles CA United States of America 90014
- IPO Date
- Jul 24, 2009
- Business
- Cannabis Strategic Ventures, Inc. (OTC: NUGS) engages in the cultivation and sale of cannabis biomass and related products to the legal cannabis market in the United States. The company incubates, develops, and partners within the cannabis and ancillary sectors, including through its subsidiaries such as NUGS Farm North, a state-licensed cannabis cultivator in California operating over six acres of greenhouse space; Pure Applied Sciences, Inc., which markets and sells the PureOrganics brand of cannabis oils and related accessories; Fitamins, Inc., focused on health and wellness products containing hemp-based cannabidiol (CBD); Lyxr, a brand offering skin, hair, and body topical solutions with hemp-based CBD and phytocannabinoids; and BudHire, a staffing solutions provider offering temporary, long-term, and permanent personnel for the cannabis industry in Washington and California. Founded in 2003 and headquartered in Los Angeles, California, the company primarily serves cultivators, manufacturers, dispensaries, and other participants in the cannabis marketplace across U.S. states with legal frameworks.
In recent years, Cannabis Strategic Ventures has pursued strategic expansions, including the 2018 acquisition of Pure Applied Sciences to bolster its intellectual property and branding in cannabis extracts, and a partnership with Sunniva Inc. for white-label cannabis extraction services under the PureOrganics brand at a cGMP-compliant facility in California. The company also completed the acquisition of a controlling interest in Lyxr in 2019 for CBD-based beauty products and secured up to $3 million in investment funding in the same year to accelerate corporate growth. Although no major acquisitions, funding rounds, or operational shifts have been publicly announced in 2024 or 2025, the firm continues to focus on vertically integrating cultivation, processing, and ancillary services amid evolving U.S. cannabis regulations.