Cannabis Strategic Ventures (CE) (NUGS) News

small chance they bring it back to life, his expensive lifestyle they’ll be out of money sooner enough. But yea, karma will not be nice to some people

Simon Yu and his people burned alot of friend investors and investor. They made a killing screwing people. Crooks!!!!!!!! They can run but cant hide.
Simon Yu Telephone - 626-216-8068

Yeah Man
I see them Bulls too – a lot of them are over at NHMD where I moved my Shiba money to.

EXACTLY WHAT I WARNED ABOUT IN YEARS! a chinese scam from day 1 that loves your money--china flu season finally over???i still remember all the bulls here and flee when i see their input other places on ihub!!

What Happened To NUGS?
This was trading at $4.00 not long ago. Are they OOB? Bankrupt? Lack of Filing. Even their website is now a dead link. What happened? Did they just make a bunch of money and then exit stage left?

nothing helps scams but suckers feeding the scamers-chinese flu here----tmonkey

The banking act will help a lot of pot companies...with Nugs , who knows..so far a little blip of up for nugs , but as is normal, it will go up , only to fall apart ...they ll definitely drop on thursday whether the news is good or bad.
Thats my opinion.

Turd still floating?

Sunk a little today.

Should be

Scam ? 000 soon !

Seeking a bottom...will soon find it.

Mj seeking a bottom. Loading

omigosh - almost up to a penny!

Is someone excited about the election results?

How did the price go lower with nobody selling?

No reason to raise your bid, just......wait......patiently......for......lower......prices.

Nuggy doesn't even seem to be operating anymore.

"Entire market" is NOT up!

Plenty of POS pot stocks (including the one I own and its fugly Nasdaq sister) are still in the sewer.

If u want in. Better raise your bid price. Nobody selling here. Enjoy the ride

Entire Market is up on Schumer comments. We’ve seen this before, will dump shortly!

NUGS up 40%, AAP* down 40%

Both on no news and no apparent trigger.

Congratulations - you've reached Step 5 of OTC Grief Management.

I was stuck in Step 1 - Denial - for a long time.

I couldn't get past Step 2 - Anger - so I skipped over it to steps 5 & 6 - Depression and Acceptance.

It's been several years since I was ripped off in my first OTC scam and I'm still angry. Happened again recently with a pot stock, so I'm back to Step 1.


Acceptance is the first step in moving forward. It is the first step to making a change when change is possible. And acceptance is the first step in finding peace of mind when change is not possible. Acceptance means you acknowledge that this is the current reality; that you accept the struggle.

Based on the stock price, this shit's dead I'm afraid. And so is my initial investment.

I definitely am interested in a PR from the firm that Simon had to sell out to.

None of the originals are there, so I wonder if they'll be able to pull out at all.

Even if things get legalized in the coming years, will this company even survive until that point?

Their leases are up in 2023, so we need news on whether they're resigning or letting it go.

Based on the stock price, this shit's dead I'm afraid. And so is my initial investment.

Thank God for mirrors!

Anyone left had best abandon ship NOW, before she goes under.

Seriously? You have to ask?

I thought it was obvious.

Of course they will.

Not one person will be willing to invest with Simon again.

Plenty of stinky-pinkies are run by crooks or imbeciles with a history of negligence and/or fraud in other conpanies.

And I've seen plenty of posts from people who don't care if a ticker is a scam so long as they can make money.

Problem is, they all seem to be "waiting patiently" and not making money because none of them ever got off the ground.

But they still willingly handed their money over to a known con man/woman.

That's a steep climb back up to the top of that hill.

Agree - this is horrible press for Simon Yu and any company he founds. Not one person will be willing to invest with Simon again. Or his partner Chris with Magiclytics.

Below a penny yesterday...when is it all going to be over ...whats their plan..is there a plan ...management or mismanagement ?

When the stock price was $7...it was just air and dreams...now there are millions of dollars in sales and millions more in debt..and sub penny stock prices.

Is that a serious question?

The short answer is because it's the 2nd largest state in the Lower 48 - that's a lot of potential customers.

It's also exceptionally liberal.

Why invest in a MJ company that is based in California? Other (tax friendly) states have legalized. Much more business friendly

Where's the "special karma" in flying private jets, eating Wagyu and popping champagne?

Maybe the cork will get stuck in the next bottle or he'll find gristle in his 5-star Wagyu entree.

I can only dream of that kind of karma.

If it looks like a duck, quacks like a duck, it’s a ____. The “ceo” flies private jet eating wagyu and popping champagne, the shareholder get his cheeks clapped lol. There is a special karma for crooks like this.

Good luck everyone here…. Hope it turns around for you, and you only

Shame on me, then.

I tossed 40k into that bottomless pit, you really think you lost more?

Still can't believe what happened to it, or that there hasn't been a class-action lawsuit filed.

There was verifiable massive fraud last year by the recently-sacked CEO.

improbably alot deeper into halo than you-----should have warned myself??--still better than the WU FLU--------i actually think that it was your old positivity that got me interested in halo!----tmonkey

So, you warned this board about Chinese scammers but you didn't warn me about Canucks and Halo?

And I thought we were friends.

Are you also warning the XALL & BRPHF boards? Xall looks like an arrhythmia on an EKG.

I've stopped buying - EVERYTHING in OTC is a SCAM!!!


XALL 6 MONTH CHART



BRPHF 6 MONTH CHART

for years now i have been warning the board od the WU FLU--you have been givin the china boya a good lifestyle long enough if still not in on this look at those pref c shares-i mentioned them years ago!!-SCAM!!!----tmonkey

SERIOUSLY?

You still have hope this will survive?

The entire CA market is struggling to stay afloat.

Halo hasn't grown a single plant at the 1600 acre ranch in NoCal they bought in 2020 because prices have been too low. Not even outdoor weed that doesn't require expensive lighting.

Unless you enjoy getting flogged, cut your losses - DUMP & RUN!

Updated OS/Float (!)[color=red][/color] based on Quarterly Report released 8/22/22
368,431,587 as of 06/30/22 - released in the quarterly report
This supports the 10M shares sold to PPM I counted from OTCMarkets

https://www.otcmarkets.com/otcapi/company/financial-report/344184/content

222,534,547 Shares in Public Float as of June 30, 2022
Series C Conversion to common stock, and the current president's board, adding shares to the float. No wonder price has halved from 2 cents to 1 cent.

The filer also tried filing Assets as Total Liabilities, and got those numbers wrong (likely a mistake, but at this point no one's checking them so why should they even have to file accurate data).

Total revenue is 57k June 30, 2022
prior year, total revenue topped $5M in June 2021.

What a horrifying state.

Operating lease expires December 2023 on the farm.

Number of shares in the Public Float:
222,534,547 as of date: June 30, 2022
165,163,340 as of date: March 31, 2022
90,327,895 as of date: December 31, 2021
90,327,895 as of date: September 30, 2021
90,327,895 as of date: June 30, 2021
90,327,895 as of date: March 31, 2021
90,327,895 as of date: December 31, 2020
90,327,895 as of date: September 30, 2020
84,827,895 as of date: June 30, 2020
71,427,895 as of date: March 31, 2020
62,177,895 as of date: December 31, 2019

Total Shares Outstanding:
378,431,587 is OS as of 8/18/22
368,431,587 is OS as of 6/30/22
367,572,887 is OS as of 05/04/22 (Updated) (+755,600 shares sold)
366,817,287 is OS as of 03/30/22
359,034,687 as of date: December 31, 2021
287,300,141 as of date: September 30, 2021
287,235,341 as of date: June 30, 2021
287,235,341 as of date: March 31, 2021
274,497,909 as of date: December 31, 2020
271,097,909 as of date: September 30, 2020
268,883,223 as of date: June 30, 2020
266,516,598 as of date: March 31, 2020
268,883,223 as of date: December 31, 2019

One thing I noticed as well
https://search.cannabis.ca.gov/results?searchQuery=simon%20yu
Many of these licenses are expiring at the end of this year, some in October 2022.

The farm likely won't make it in my opinion, especially since it's not a strong brand, they screwed up the best stock ticker they possibly could have gotten

And now everything likely will expire, so i'm guessing flash sale.
alternatively, KTLO funding from selling more stock and diluting shareholders further will turn this into another Sugarmade.

Let the Market Makers release this stock at all time lows and have this sub-penny. because current leadership is absolute shit at communicating, and now everyone's trying to find liquidity in a market that will become far less liquid shortly.

Thinking about flash selling the rest of my investment here.

Hope you are kidding. Look at the financials! LMAO!

https://www.otcmarkets.com/stock/NUGS/financials

Nothing to worry about after Nuggy released this fantastic news 8 months ago.

Only the strong will survive!

Cannabis Strategic Ventures Inc. (OTC: NUGS) Expands Opportunities, Continues High-Margin Growth

Cannabis Strategic Ventures has expanded opportunities in what many see as a downturn by opening dispensaries and shifting focus on higher-margin indoor cultivation that commands higher prices. As NUGS continues a high-margin growth strategy, the company expects to simultaneously increase brand recognition and market share.

https://is.gd/6VnS0m


Looks like it should be turning around any............day............now.

UPDATE ON OS/FLOAT:

As we can see, as CEO left, 70M shares came onto the float somehow. As long as these are held within a par value less than current cost, any investor can still make money selling into this company, much like how Sugarmade CEO released more shares and continued selling that company into Oblivion.

378,431,587 is OS as of 08/18/22 (+10,758,700 shares sold to PPM or loan converted since my previous 05/04/22 number)
367,572,887 is OS as of 05/04/22 (+755,600 shares sold to PPM)

Number of shares in the Public Float:
165,163,340 as of date: March 31, 2022
90,327,895 as of date: December 31, 2021
90,327,895 as of date: September 30, 2021
90,327,895 as of date: June 30, 2021
90,327,895 as of date: March 31, 2021
90,327,895 as of date: December 31, 2020
90,327,895 as of date: September 30, 2020
84,827,895 as of date: June 30, 2020
71,427,895 as of date: March 31, 2020
62,177,895 as of date: December 31, 2019

Total Shares Outstanding:
378,431,587 is OS as of 8/18/22
367,572,887 is OS as of 05/04/22 (Updated) (+755,600 shares sold)
366,817,287 is OS as of 03/30/22
359,034,687 as of date: December 31, 2021
287,300,141 as of date: September 30, 2021
287,235,341 as of date: June 30, 2021
287,235,341 as of date: March 31, 2021
274,497,909 as of date: December 31, 2020
271,097,909 as of date: September 30, 2020
268,883,223 as of date: June 30, 2020
266,516,598 as of date: March 31, 2020
268,883,223 as of date: December 31, 2019

Uh-oh, looks like investors finally read it.

Someone was competent enough to generate a 10-K?

I'm impressed - perhaps I was wrong about this conpany.

I just read through their annual report, their cashflows and cash for operations is absolutely horrendous.

I hold a shit ton of shares, but I doubt this company ever gets out of the hole. Do you see their annual operations, assets, liabilities, and cashflow?

It's complete garbage.

Regardless of what they say, their past quarterly reports and annuals have looked like absolute dog water, and I would not recommend anyone put an ounce of cash into this stock. Let them burn!

They're in deep trouble too without more financing to keep the farm afloat past 2023.

Their operations run from 2019 - 2023 lease, and they'll have to renegotiate or scuttle operations. I doubt the cannabis industry recovers by then, so down they go, what a waste of an investment. could have bought TESLA instead

Agree - especially on Simon Yu. They were flying private jet, vacations galore, expensive everything, meanwhile “his” company is complete trash. Haha. Guy is an imposter

Never took too big of a position in NUGS. I was bullish in the past...

Reasons for doing so:

Compared to other microcaps, this one had a relatively small float
CA is a state with legal cannabis laws
Seemed it was working with OTC Markets to move up the tiers
Federal legalization without delayed could have increased share price

Now:

Float increased a lot
Federal legalization is the can getting kicked down the road
Company said there is a serious doubt they have a Going Concern

Holding only 5,000 shares, so it's a small loss to date.

Good Luck to others out there!

Investors should have been paying more attention to charts and evidence, instead of wasting time hoping, wishing and waiting for the conpany to prove that what the evidence was showing didn't tell the true story.

THE EVIDENCE WAS THERE IN PLAIN SIGHT - that's why I've been bashing this turd for two years.

I beat the stink out of it!

Yet some still thought it smelled like a rose.


There was a brief spike last year where a few lucky bastards probably made money, but it was due to nothing but unfounded optimism and fanciful expectations.

IMO-Simon Yu, Jimmy Chan, Joe Noel, and Arman Tabatabaei working together for years - on just another scam. More involved, but not worth the time to list.

I am not happy with it either.
The float went up substantially and the Going Concern section tells it all.

NOTE 3 – GOING CONCERN
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business.
As reflected in the accompanying financial statements, the Company had an accumulated deficit of approximately $59.8 million at March 31, 2022, and net loss of $8,596,634 for the year ended March 31, 2022. These factors among others raise substantial doubt about the Company’s ability to continue as a going concern.
While the Company is attempting to commence operations and generate revenues, the Company’s cash position may not be significant enough to support the Company’s daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to
generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues.
The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

One of the worst annual reports I've read in awhile.
At least the CEO is selling assets to try to retrieve growth.
Again, will be interesting to see if they continue the Farm, or if they decide flash sale, this company is dead, etc.

Let's hope new leadership actually has the vision to grow this company, otherwise we'll watch it slowly decay into nothingness.

Dilution, poor financials, only good thing was Settle on the Lawsuit.
All that's possible now that I can see is an acquisition potentially, if someone wants the real estate they've got.

Previous C-Suite did a piss poor job managing this into the ground.

07/15/2022 Annual Report - Annual Report

Trading symbol: NUGS
Exact title and class of securities outstanding: Common
CUSIP: 13765M109
Par or stated value: $0.001
Total shares authorized: 988,000,000 as of date: March 31, 2022
Total shares outstanding: 366,817,287 as of date: March 31, 2022
Number of shares in the Public Float 6: 165,163,340 as of date: March 31, 2022
Total number of shareholders of record: 173 as of date: March 31, 202
https://www.otcmarkets.com/stock/NUGS/disclosure