Cannabis Strategic Ventures announced the signing of a Memorandum of Understanding (the ?MOU?) between Cannabis Strategic Ventures and Devine Solutions Inc., a California corporation, relating to the proposed acquisition by NUGS of an indoor cannabis cultivation facility (the ?Facility?) in Sacramento, CA. According to the terms of the MOU, the Company intends to purchase 10% of the Facility at a valuation of $15 million for the entire Facility, with an option to purchase an additional 41% of the Facility (which would comprise a controlling 51% stake) at this same valuation. The Facility is approximately 15,600 square feet and has the potential to house an estimated 500 grow lights. It is projected to produce 2-3 lbs. of premium exotic cannabis flower per light per harvest across an estimated 5.75 harvests per year, suggesting an upside potential of over 7,000 lbs. of premium cannabis flower per year.