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Monday, 08/08/2022 10:42:55 AM

Monday, August 08, 2022 10:42:55 AM

Post# of 4910527
$PVSP SEATTLE, WASHINGTON, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Pervasip Corp. (OTC: PVSP) (“Pervasip” or the “Company”), a developer of companies and technologies in high value emerging markets, together with Zen Asset Management today announced that it continues to successfully restructure various aspects of its business and launched new contract supply arrangements for a major national brand.

The ZAM management team has continued to aggressively restructure various aspects of the business, from real estate to cultivation operations. The objective is to further reduce costs and gain efficiencies across all businesses. The last 60 days have seen several such changes which are adding upwards of $500,000 in annual direct positive contribution to its bottom line.

Artizen Group, one of the independent cultivators supported by ZAM, also launched its first contractual supply arrangement, and delivered top shelf quality flower to one of the more well-known national craft cannabis brands – CloutKing.

For all cannabis connoisseurs all that needs to be said about that brand is “IYKYK” (bestselling small batch top shelf brand). Several similar arrangements will be announced soon, following through on one of the other major initiatives outlined in the January 2022 Shareholder letter.

While the cannabis market on the west coast is still challenged by its post Covid dip, massive oversupply, and egregious tax and state by state rules, brands like ArtizenTM, well-oiled distribution, top notch management teams and healthy, transparent financial structures, will be the ultimate winners in this space.