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.0530 up weeeeeeeeee!!!!!!! $$$$$$$$$NUGS$$$$$$$
$NUGS Cannabis Strategic Ventures Announces Final Regulatory Approval for Prior Acquisition of Four California Cannabis Licenses
Press Release | 09/23/2021
LOS ANGELES, Sept. 23, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Cannabis Strategic Ventures (OTCQB: NUGS) (“NUGS” or the “Company”), an emerging leader in the U.S. cannabis marketplace, is excited to announce the long-awaited completion of the transfer of cannabis licenses related to strategic activity from 2019 by the State of California and the City of Los Angeles.
On June 9, 2019, the Company entered into a material definitive agreement with LW Ventures, Inc. (“LW”) the terms and conditions of which required the Company to restructure its preferred equity and issue common shares to exchange for shares of LW. In turn, LW agreed to fund Company operations up to $8 million and to provide the Company with four cannabis licenses issued by the City of Los Angeles and the State of California for the Retail Sale, Cultivation, Distribution, and Manufacturing of cannabis products.
However, acquiring and transferring the licenses was contingent upon approval of the change of ownership of the licenses by the City of Los Angeles and State of California, and such approval was delayed due to the Covid-19 pandemic.
The Company is pleased to announce that this has finally been resolved. On Aug. 9, 2021, following prior approval by the State of California, the company was notified that the City of Los Angeles at last approved the change of ownership applications resulting in final regulatory approval of the Company acquiring all four licenses by both authorities.
Now that the license transfer process has been completed, the Company can work to complete its transition plan to take over control of related operations, a process that should be completed during the fall of this year.
Simon Yu, CEO of NUGS, noted: “We are thrilled to finally get past these delays. These four licenses provide the regulatory backing for a series of major next steps critical to realizing our vision of becoming a top-tier farm-to-door vertically integrated premium cannabis company with dominant positioning in the thriving California cannabis marketplace. And I look forward to presenting a more detailed view of those next steps very soon.”
Cannabis Strategic Ventures has a growing social media presence. Follow us on:
Twitter: @NUGS_stock
Facebook: https://www.facebook.com/NUGSstock/
Instagram: @nugs_farm
About Cannabis Strategic Ventures
Cannabis Strategic Ventures Inc. (OTC: NUGS) is one of the largest publicly traded marijuana cultivators in the United States. The Company is Los Angeles-based and incubates, develops and partners with category leaders within the cannabis and ancillary sectors. The Firm's NUGS brand experience provides operational and financial strategic partnerships and a range of essential services to emerging and existing Cannabis consumer brands.
For more information, visit http://www.CannabisStrategic.com
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance.
Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Corporate Contact:
Email: IR@CannabisStrategic.com
Website: http://www.CannabisStrategic.com
Public Relations:
EDM Media, LLC
https://edm.media
Wire Service Contact
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
Editor@InvestorWire.com
They are oblivious to California's cannabis glut.
More acreage only worsens the problem for everyone.
Shareholders feel it, why can't Yu see it?
Looks like a couple more monthes before we receive full details on the news .
In the news ,management says more details this fall...that would be before dec 21 which commences winter...
Its already been a few winters to get this company moving but its still in business and progressing forward it seems.
Are the 4 licenses all retail licenses ?
Buyout?Its all about selling worthless shares,who would buy this crapola?
Maybe now $NUGS can finalize that LOI.
NEWS !!!
https://ih.advfn.com/stock-market/USOTC/cannabis-strategic-ventu-pk-NUGS/stock-news/86124736/cannabis-strategic-ventures-announces-final-regula
Cannabis Strategic Ventures Announces Final Regulatory Approval for Prior Acquisition of Four California Cannabis Licenses
September 23 2021 - 12:50PM
InvestorsHub NewsWire
LOS ANGELES, CA -- September 23, 2021 -- InvestorsHub NewsWire -- Cannabis Strategic Ventures (OTCQB:NUGS) (“NUGS” or the “Company”), an emerging leader in the U.S. cannabis marketplace, is excited to announce the long-awaited completion of the transfer of cannabis licenses related to strategic activity from 2019 by the State of California and the City of Los Angeles.
On June 9, 2019, the Company entered into a material definitive agreement with LW Ventures, Inc. (“LW”) the terms and conditions of which required the Company to restructure its preferred equity and issue common shares to exchange for shares of LW. In turn, LW agreed to fund Company operations up to $8 million and to provide the Company with four cannabis licenses issued by the City of Los Angeles and the State of California for the Retail Sale, Cultivation, Distribution, and Manufacturing of cannabis products.
However, acquiring and transferring the licenses was contingent upon approval of the change of ownership of the licenses by the City of Los Angeles and State of California, and such approval was delayed due to the Covid-19 pandemic.
The Company is pleased to announce that this has finally been resolved. On August 9, 2021, following prior approval by the State of California, the company was notified that the City of Los Angeles at last approved the change of ownership applications resulting in final regulatory approval of the Company acquiring all four licenses by both authorities.
Now that the license transfer process has been completed, the Company can work to complete its transition plan to take over control of related operations, a process that should be completed during the fall of this year.
Simon Yu, CEO of NUGS, noted, “We are thrilled to finally get past these delays. These four licenses provide the regulatory backing for a series of major next steps critical to realizing our vision of becoming a top-tier farm-to-door vertically integrated premium cannabis company with dominant positioning in the thriving California cannabis marketplace. And I look forward to presenting a more detailed view of those next steps very soon.”
Cannabis Strategic Ventures has a growing social media presence. Follow us on:
Twitter: @NUGS_stock
Facebook: https://www.facebook.com/NUGSstock/
Instagram: @nugs_farm
About Cannabis Strategic Ventures
Cannabis Strategic Ventures Inc. (OTC: NUGS) is one of the largest publicly traded marijuana cultivators in the United States. The Company is Los Angeles-based and incubates, develops and partners with category leaders within the cannabis and ancillary sectors. The Firm's NUGS brand experience provides operational and financial strategic partnerships and a range of essential services to emerging and existing Cannabis consumer brands.
For more information, visit http://www.CannabisStrategic.com
FORWARD-LOOKING STATEMENTS: This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance.
Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
Corporate Contact:
Email: IR@CannabisStrategic.com
Website: http://www.CannabisStrategic.com
Public Relations:
EDM Media, LLC
https://edm.media
this turd would have to pay to get bt------no one at all will touch it!!------tmonkey
LOL.. taking a look here at this level .05
I starting buying here last time and managed a
high of .59 for a portion of those bought.
I kid you not!!
You still here i see.
when big companies start to consolidate?
There's been massive M&A and expansion lately, including in Arizona.
Funny, I got another alert today that the ol' dead scam sitting in Fidelity with almost 40M shares traded 2M shares today.
Every once in a while it sees activity but never moves. That makes 8 days this month that someone bought .0001s.
Another prospector no doubt, hoping to see nuggets in the pan someday.
I could slowly dump my shares if I wanted to, but I'm holding till it either gets revoked or I at least break even.
I’ve lurked on this board for sometime and was a shareholder for 3years. Simon blocked me on social media or I would provide pictures of the lifestyle. Some might argue the lifestyle is irrelevant and part of private life, and I would argue against that. Only our opinions I guess
I like where your headspace is with consolidation etc, that would apply to all MJ market. What will it take to increase the PPS here? More sales? How will he achieve that? The SQ of the farm is maxed out best I can tell. Can they grow more? Command a higher price? Lower cost of doing business? Good place to start would be to stop issuing shares and explanation of how to grow the business
Expensive living style? that's unsubstantiated conjecture at best, where's proof?
Have you even reviewed any of the financial statements in depth? You have to compare them YoY. Take a deeper look at the numbers, they are moving in the correct direction, albeit not fiscally net positive yet.
I think this probably becomes an acquisition play when big companies start to consolidate, but we'll see what the board of directors decides.
Either way, awaiting legalization before institutions can come in and provide larger liquidity
Currently looking for MJ companies in states with lower overhead. It will be very difficult for this company to ever be profitable with the more expensive bills (look at lease payments for example). Simon’s expensive living style and being pulled in mulitple directions (public companies) is something to consider as well. I just don’t see anything to be excited about here. GLTA
Agree - wow 40M shares there? There must be some way to get them transferred out.. I’m switching over hoping etrade doesnt have the same issues that fidelity had. What brikerages are you using for OTC trades?
And 100% agree - feels like they are in maintenance mode, I hope we see a profitable company in the coming years, but until then I’ll take advantage of these low prices and swing trade the big swings.
I despise Fidelity!
Had nothing but problems with their glitchy website that didn't truly support penny stocks - only 2 decimal places in the price box as I recall. I don't remember all the other issues - that was 2012-2014.
After countless complaints and hours on the phone over their technical issues, they locked my account so I could only sell the shares I had, not buy more. I now have almost 40M shares sitting there from a dead scam. Fine by me - forced me to find other (better) brokerages.
Looks like fidelity resumed capability of trading - but I also created eTrade account to day-trade/ swing trade NUGS as well.
Thanks for the recommendation.
Just confirmed I could place an order for NUGS on Fidelity brokerage, so looks like their recent filings are going to place it back in active status perhaps?
Well let's see...
QUAN is down 74% since last month.
BUNM is down 73% since Feb. and has been trading sideways.
SGTB is down 60% since June.
EVCI is down 40% since June.
SIBE is down 63% since July.
NUGS is down 90% since February.
You sure know how to pick 'em!
Maybe we should team up, because that's the way I roll.
That’s cool.
I’m buying a few that I don’t care if they dip into the greys for a few weeks or months.
All my plays are active R/Ms and they get an extended 18 Months after 9/28.
It’s these stink’n Brokers that I don’t trust.
Like the TDA knee jerk move that they back tracked on
Looks like TDA back peddled on their restricted trading starting today., They moved it to the end of August.
However all Brokers will be in the same boat come 9/28
So I’d stick to TDA’s free trades…..till their next knee jerk move against OTC players
Thanks I'll take a look, I think I had an old eTrade account.
If they're allowing OTC trades even though the company hasn't reported accurately this past round, then that'll be good. NUGS is looking like it's approaching another super juicy level to trade
Agree
Etrade is the last.
Most online brokers are using the 9/28!sEC rules as an excuse to dump penny stocks.
This is going to be the excuse online brokers have been waiting for.
Much like Airline customer service after 9/11.
If your with TDA, I’d open an E-trade.
We need a new Scottrade
Try looking into
Playing R/M shell stocks instead.
I saw the Tier change in this and had to take a look.
57mm float ain’t bad at this price, but what is the story?
Why did it stop reporting? Someone is keeping it alive.
I got NUGS on my watch list.
I’ve been praying my R/M plays tank hard on this new OTC action going into 9/28 kill date.
If the story in here is dead, I may hook it up with Synergy.
https://www.synergymgtgroup.com/
Someone's feeling slightly optimistic ahead of earnings!
I don't own this turd.
My account is already flooded with red ink from another cannabis co.
If everything is as wonderful as they said in the 10K, then shouldn't the stock be rising? And shouldn't there be more than 2 shareholders posting here?
That applies to my play as well: Expansion and record-setting revenues reported, but the price falls every day.
consider yourself lucky!!---tmonkey
I cant even trade due to limited information(brokerage is pausing trading of NUGS).
Anyone else able to trade this? What brokerage are you using?
So annoying.
Been that way a long time.
They don't disclose much to shareholders, why would they bother disclosing anything to to OTCM?
They are obviously unconcerned with their status or what their investors think.
NUGS dark or defunct flag on OTC Markets
So someone isnt doing their job of disclosing info to OTC Markets.
Hope this gets rectified soon
Or not.
Halo's been on the move the last two days for no apparent reason.
NUGS has too, only it's headed the opposite direction.
Maybe when Halo budges this will too.
But that's not expected until Nov/Dec or Q1-Q2 '22.
Halo has a lot more California acreage, even more in Africa, more in Oregon, dispensaries in Canada, dispensaries being built in L.A., a lot more revenue, a lot more assets and more licensing deals.
Despite all that, Halo's less than half of NUGS' price.
For the last 50 days the average close for the day is about 7 cents...being perhaps .066 one day and another at.074 ..etc..all prices averaged out to about .07
Essentially the price is just going sideways .... however today it’s actually minutely over the 50 day moving average line as the price is currently .076
I m still laughing... the price is going no where fast.
The sales are good... price should be well over 50 cents
It appears that they are selling 1.5 million to 2 million per month...
Next years sales increase should be a respectable increase.
Will the price of this stock ever go up this year?
comments?
Wimping out at the 50 day moving average.again.. I beginning to
think its the company’s mantra to not let the stock go over the 50 day moving average and stay there...well i can only laugh...
All that great news was enough to depress the stock nearly 1% today. And likely more tomorrow.
Financial highlights for Fiscal Year ending Dec31, 2020 look good, particularly:
- $14.1M in Sales (Wow. during COVID too)
- Gross Profit at $2.78M, increase of 483% since 2019
Had a goal of $5M in sales for 2020 at year start (this is true looking back at articles in November of 2020
https://www.otcmarkets.com/stock/NUGS/news/Cannabis-Strategic-Ventures-Reports-Significant-2020-Full-Year-Financial-Metrics-with-Material-Year-Over-Year-Increases-?id=312543
Very nice revenues for 2020. Up over 500%.
Interesting seeing the posts dated from last year on the sales at that time .
Are current financials late again as per habitual habit?
How can that be?
Perhaps hiring a few more accountants to add the columns
or provide a plausible explanation for people like me with limited accounting experience can assist with credibility
of company.
What do you think. Its beyond me how this company dosent seem to care about its public image.
Big news! So where's the big spike?
https://www.otcmarkets.com/stock/nugs/news/Cannabis-Strategic-Ventures-Reports-September-Cannabis-Sales-Up-28-Month-Over-Month-to-23M?id=277706
https://www.otcmarkets.com/stock/nugs/news/Cannabis-Strategic-Ventures-Reports-64M-in-Sales-for-Three-Months-Ended-Sept-30-Up-Nearly-100-QQ?id=279558
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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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