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"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!
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.
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.
Of course they will.
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
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
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
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.
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
This company sold more Private Placement shares, further diluting ALL Shareholders:
1,615,250 - Sold likely at discount of current prices. See Total Shares Outstanding.
Zero updates from Lin Yang. I would not recommend buying this stock any time soon as retail.
COMPANY OFFICERS & CONTACTS
Lin Yang - Interim CEO
Simon Yu - Contact Person (Basically got ousted and left the company)
BOARD OF DIRECTORS
George Wen - Chairman
Pyng Soon - Independent Director
Lin Yang - Interim CEO
OTHER COMPANY INSIDERS
Vanessa Le
Grace Li
George JingHua Wen
Chengcheng Zhang
None of them have said a thing about this company.
Looks like also in Oct 2021, they settled the lawsuit these Contractors brought on Nugs Farm.
https://www.pacermonitor.com/public/case/37867449/Montelongo_et_al_v_Valley_Harvest,_LLC_et_al
STIPULATION re33 Status Report Joint Stipulation To Dismiss The Entire Action With Prejudice [FRCP 41(a)(1)(A)(ii)] filed by Alejandra Montelongo, Andrea Montelongo, Rachel Montelongo. (Miller, Sebastian)
ALSO to note: Last Supplemental Info filed as of June 15:
On June 10th, 2022, the Board of Directors of the Company entered into a binding Stock Purchase Agreement with a private party (“Buyer”) to sell the Company’s Downtown Los Angeles Cannabis licenses.
In the terms of the agreement, the Company is selling its interest in their Downtown Los Angeles Cannabis permits and licenses consisting of a Store Front Retailer, Distributor, Manufacture and Medium Indoor Cultivation licenses to the Buyer for $3,800,000.
The Company plans to use the proceeds of the sale for operational expenses, capital expenditures and growth capital for its 6-acre cannabis cultivation in Northern California.
At the time of this notice, all parties have signed the binding Stock Purchase Agreement but closing deliverables are still in the process of being completed.
Pyng Soon.
This might not be reflected in the OS yet as well, as $3M would be a sizeable increase in over 5M NUGS stock if it's a convertible note. Get ready for more dilution bois.
Number of shares in the Public Float:
????????? as of date: July 1, 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:
368,431,587 as of date: July 1, 2022
366,817,287 as of date: March 30, 2022 (Updated)
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
Wonder what that recent elimination of cultivation tax will do to margins. Its not insignificant for a company primarily cultivating cannabis. Lets see.
will see, when the whole sector turns around and moves, everything will be on fire even the turds like this one!!!....wait for the breakout and enjoy the rally!.
I think everyone is painfully aware of that, thanks.
Certainly ALL pot stock investors are.
But the market's not responsible for the dishonesty and lack of transparency by the conpany.
I've seen ZERO reason for shareholders to be optimistic about the future. Even legalization wouldn't save this turd.
Lots of people do not know, most cannabis stocks, the whole sector bottomed!... ready for breakout!
Share this widely.. free alert analysis!..
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169257170
Entire industry is down, and likely going down further.
Macroeconomic factors will drive markets lower, with some vicious bear market rallies that trap long-term hodlers.
If you do trade this, I would scalp it. Nowhere in the entire industry do you have companies performing well. Look at MSOS, well below IPO price, and likely could still drop 40-50% from where it's at now with Fed quantitative tightening.
Whatever industry you're in, you're down 40-50% at this time, with some more to come, at least another 30-40% to go from current prices is my guess.
This stock's CEO is finally saving the part of the company that is doing somewhat okay. Whether it becomes fully cashflowing is a separate issue.
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The key to success is consistent and reliable supply to fit growing demands. Consumer sentiments are changing and as a result, we are in an age of evolution. Here at NUGS,
we thought to ourselves, how do we address the need for quality product and the projected growth of the Cannabis Industry? How do we authentically and strategically provide value to the “green rush”?
That’s why we built NUGS Farm North. At NUGS Farm North, our process is customized, our product is consistent, and our team is passionate about cultivating people, product, and process.
An opportunity drew us to the six and a half acre property located in Northern California, the opportunity to provide an elevated quality of life, the opportunity to strengthen the global economy,
the opportunity to infuse the industry with NUGS. Nestled in the heart of an agricultural mecca for globally distributed produce, NUGS Farm North finds its power in its product, not in its size.
Decades of agricultural experience, a dedication to consistency ensures quality grows, and most importantly, that we grow together.
So let’s throw the buzz words out the window, this industry isn’t hot, trendy, or in a word, dope. This is cannabis. It’s timely. It’s real. And we’re serious (about cultivation.)
We look at it from your perspective, helping you provide the most consistent and reliable supply to fit your growing demand.
A Cannabis Strategic Ventures (OTC: NUGS) Company
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