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When are the sales and loss results due for last 3 monthes of last year?
Usually they come out 6 weeks after the fact ...and then 2 extended delays as they can t seem to get the timing right and wait till the last minute..
Does anyone know the release date of results?
Hey Scumbag Fruadsters, which chart are you talking about??.. look at closely, a chart means and has numerous indicators depending upon what exactly you are looking at it, if you do not where and what to look for, it can easily misinterpreted. Unless you clarify, you are not really looking at the right chart!.
Next move puts NUGS around .052 to .06s!...soon!!
https://www.cannabisnewswire.com/420-with-cnw-data-from-uk-registry-reveals-medical-marijuana-improves-patients-quality-of-life/ - wtf is this even
whoever wrote this article is really reaching there
Probably better ways to highlight a farm's operations. Although I think they settled that lawsuit that was there earlier so maybe they can restart marketing?
GlassHouse Farms is a perfect example of a successfully marketed farm. I wish NUGS had a better brand experience
I could get weed any time I wanted since 1969 geez no big deal, never a problem ever
Nice forecast!..,
NUGS is certainly a WINNER as for diversification and a fine tuned futuristic company!...
Did not see any catalyst, but did see the entire Cannabis market go up, mostly single digits.
Wonder if institutions are front-running legislation here
Anyone hear of anything outside of Schumer rumblings?
CBD Oil From Marijuana Linked To Lower Covid Rates. Cannabis stocks going to fly.
So a lot of OTC companies got hit by government regulations back in September, specific OTC Pink Sheets.
Any pink sheets companies who weren't reporting accurate data had the threat of a caveat emptor placed on them, and purchases blocked.
Overall, if you look at each cannabis company over the past year, they have dropped to either All Time Lows, or lower than ATL's.
This is the same across the industry, however there is legislation bipartisan which could change that. Overall the industry will rebound if both sides can agree on federal legalization.
Until that point, it will be a slow burn, as this would be considered a Growth Stock, of which many of the Institutional Investors are shying away from.
Think of it as a double whammy - Poor Economic Conditions + Non-legal industry.
overall I think it's great sale territory, but we've got lower to go still. Many companies won't make it out unless they are already cashflowing
What’s the deal with this company? PR always good, public offering about over yet… Between .10-.01 on the amendments but before it was just .3 166M shares
Why should it?
Just because they opened ONE dispensary?
I don't think so!
There's still an ongoing oversupply crisis in the state as well as rising taxes.
I've said before that they can't grow their way out of the hole - growing more plants only contributes to a worsening problem.
FWIW Halo is expected to open their 1st LA dispensary next month with 2 more to follow soon.
That's more competition for dispensary customer dollars, and other companies are opening more too.
This is so ridiculous ...its laughable
Nugs opens the day at .03 , going over the 50 day moving average...
Then falls down to is usual range of about 2.5 cents
The 50 day ma went down below .03 as the moving average is dropping ...not the usual crossing of the moving average as the price goes up..unreal!
Check out a candlestick price chart.
This is the 7 th time in the last 2 weeks nugs that has hit the .03 price..
will it go higher...sure dosent look like it...just my opinion on all the above
Simon Yu personal ATM lol, glad I got out of this garbage. Most flashy “CEO” I have ever seen. Go check his social media - eating Wagh beef, drinking Dom, all the while share holder getting cheeks spanked. You could argue his personal life and doesn’t matter, yet I’ve never seen another exec openly act like this. Clearly a disrespect to everyone here. His Only business sense they have is to rip off shareholder.
Aside from ^, I think long term Cali growers will struggle against growers in more tax friendly and less expensive states. Same logic as why Tesla/Oracle other large companies are leaving CA. My .02.
Lot of people have been burned here
Here's the data I see based on Quarterly/Annual Reports. What's interesting will be the # of shares insiders released to the public float.
Number of shares in the Public Float:
Current Float Unknown as of January 10, 2022
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:
359,034,687 as of date: January 10, 2022
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
So from Sept 30, 2021 -> Jan 10, 2022, 71,734,546 shares were added to float (sold to investors in Private Placement), based off OTCMarkets + Quarterly/Annual Reports.
Looking at the data though, I'm not certain this operation is cashflow positive if they must continue to raise money.
Anyone here good at reading financial statements and dumbing them down into lamens terms that can help tell if the trend over the years is trending towards cashflow positive?
NUGS. low float, issued under 400m, authorized under 1b and revenue is up 700%.
Marijuana has been accepted by the average person in California...and after 25 years in the state as being legal...getting to the average joe, may seem like a joke, a very big joke if a marijuana company does not participate...
Afterall , to reach the average joe you have to hang out where he goes...
It is a scientific test and you can read more if you google it.
All promotion is good promotion so cakes , pies and marijuanna will greet you at the California state fair this summer.
Lol.
The california state fair in 2022...this year...is allowing marijuana
entrants to participate to see who has the best product..
Will nugs be there ?...great way to advertise your exceptional product.
Stocktwits post said something about merger or acquisition? Is that possible?
Ok...so the new retail store is open..
Time for some kickass promotion..
The store is in a densely populated area.
Its time for a Grand Opening Sale.
This type of sale has to be creative , memorable, and impressive!
25 per cent off all product for a week , or for first 1,000 customers.
Advertise this event by social media....and more importantly advertise in the local newspaper...everyone reads their local paper.
Put in a full page ad, with as much white space as possible so that a quick glance gives the reader the message..(Think small ad for volkswagon bettle...done by Ogilvy and mathers years ago)
Big huge banners on the outside of the store advertising unique product selection.
Hire an old time jazz band to play outside the store , with old fashioned piano and period costuming ..Old time tunes that people know like hello dolly and a hundred others.
While the band is holding the crowd a band member or a model,is handing out a special extra coupon discount valid only that day and inviting the customer inside the crowded store.
The store is crowded because all the staff at nugs has invited their friends and family to the store today.
Ok...so the above is just idea stepping stones to get you the reader s brain thinking in a different direction..
A stepping stone idea is the starting point to jarr the brain to think outside the box and come up ideas that work to increase sales...
What do you think the retail sales were in November or december ...$20,000 per month ?
How about $100,000 per month...
How can they get to a $1,000,000 per month?
My challenge to you the reader is how can Nugs create monster sales from this one store?
Just write one idea on the bullboards...thank you
100% agree. Affordable is the key.
The taxation of it in CA is holding back a heavy amount of growth, in addition to access to debit/credit facilities (Federally illegal still so banks won't support).
Anyone just has to go into a shop and you'll see how heavy you get taxed from one purchase. Don't get me wrong, plenty of rich people in CA, but for the masses? They get rocked on taxes.
Imagine if Alcohol was taxed heavily - you think people would be buying top shelf alcohol all the time? Only the rich would. Poorer / Lower-middle-class would still tend towards moonshine / homemade.
Lots of legislation still needs to change before this industry booms IMO. Until then, paper cut bleedout still.
I'm still optimistic, but I am also ready for it to go to zero if need-be.
I have a few multiples more :) been holding awhile though
Agree - it is grasping at straws, but I haven't found anything related to it, nor have I been able to glean any useful information except the occasional share on Twitter or so. Not much of their social is active, so hopefully this year we see returns.
Without ample legislative help or M&A help, they'll have to go the route of brand building. Hope their product is good enough to survive.
Only a relatively small percentage of users can afford top-shelf brands.
A lot of people can't afford groceries, gas, rent or cigarettes, yet many of them still buy heroin, fentanyl-laced pills and weed.
For those folks needing a break from reality, generic or black market will have to do - no top-shelf pre-rolls for them.
I don't know if any growers are exclusively planting premium clones, but I doubt it. They may bring wider margins, but affordable smoke is still the butter they need on their fiscal toast.
Even if half of their revenue were to come from 25% premium plants in their harvest, they still need to sell the other 75% somewhere.
If they were to eschew growing budget weed and only grow an equivalent amount of premium weed, they may find find it impossible to sell that much $1000+ per pound product and be forced to slash prices anyway.
If success was as easy as only planting the most expensive strains, ALL growers would be doing it.
That'd be like car manufacturers stopping production of lower-margin models and only catering to luxury-model clientele. Margins may be greater, but they'd have to sell a lot more luxury vehicles to a limited number of buyers.
California was drowning in cannabis last year with supply far exceeding demand.
I never heard there was a shortage of top-shelf weed that caused its price to triple.
Which leads me to conclude that there's plenty of premium weed currently available and as more growers produce more premium cannabis, wholesale prices for premium weed will fall too - supply and demand.
NUGS Volumes up today, lot of selling…
Whole sector is down. 2022…..
https://marijuanastocks.com/nationwide-marijuana-laws-in-the-usa-will-be-set-in-place-in-2022/
Specialty brands of pot are the winners I suspect...when nugs went from selling the cheapest brands of generic pot to specialty brands , it was a smart decision.
However I do think we are years away from a decent price on this stock. As long as they stay in business there is a chance this investment may pay off very well.
Only my opinion...feel free to express yours.
happy New Year
Not holding - can't afford another POS pot stock.
Mgmt is clueless IMO.
They released a PR this month in a futile attempt to allay shareholder fears.
In it they describe the tough market conditions in California. Conditions which keep getting tougher as growers grow more weed every year.
Their solution? GROW MORE WEED NEXT YEAR!
Good evening anyone in here actually holding Nugs… thoughts insight?
Holding 350k
That's really grasping at straws.
My first WHOIS shows that site was created in Oct. 2020 and is currently for sale.
But my next one says it's taken and was updated in Oct. 2021.
I would hope even these fools could develop a site that's easier to find than www.mdrn-la.com.
But I have my doubts - they can't even update their own website; the latest press releases are from 2019.
Umm, this one's available:
Alternate domains are available.
I have been searching awhile for MDRN in Los Angeles and I cannot find it.
HOWEVER I do notice a new shopify/ecommerce site that might be repurposed for modern tree.
www.mdrn-la.com
I hadn't seen this before in google scrapes, so relatively newly scraped.
I wonder if this might turn into NUGS' ecommerce platform once it gets up and running
Market Cap: 7,987,088 (Updated 12/28/21)
Current OS: 319,483,511 (Updated 12/14/21)
Float: 57,177,895 (Not updated since 11/26/19)
The growers that have solid retail/ distributors customers will survive this flushout of oversuppy...i think nugs is in the group that will suvive...my opinion...
the government will react too late as usual...letting many good companies go bankrupt by not listening and acting fast enough..over taxation in california is so evident...one just has to travel from a neighbouring state and the first question upon arriving is...why is everything more expensive in this state.
All investors should be sweating it - I sure am, because the sector is getting hella-worse, not hella-better.
I've seen no indications of a dramatic turnaround in 2022.
CALIFORNIA CANNABIS COMPANIES WARN OF IMPENDING INDUSTRY COLLAPSE
It'll take drastic measures or outright legalization to save the sector.
Technically entire sector is down, if you have observed the charting for every single MJ related company. That's why I don't sweat this much.
If you're day trading this, Market Makers will eat you alive.
Literally everything is at annual lows. We wouldn't be here if we weren't excited about the reward to risk ratio of something like NUGS.
But for many others, MJ ETF's (MJ, MSOS, POTX, YOLO, CNBS) are good enough, and investing in those should return 2-3x returns as well with a bit more volume and margin of safety in numbers.
I'm fortunate to be in at a lower average price than most, but even I felt the hurt. Be patient, this industry WILL explode. Once it does, we'll all be eating good. It's very well possible my investment halfs to 0.01. too, and I understood that when I took on this investment.
I do agree, the PR in majority of these companies is Fluff except for Canadian companies who are required to report since they listed on NASDAQ, but 5-10 years from now we won't be complaining about anything when things are legalized.
My two cents of course only
It says a lot that U & I R the only ones posting now.
And only 1 of us has a dog in this fight.
Nugs claims to be one of the largest growers in CA, but they obviously don't give a flying F about shareholders.
They keep bragging about buying more acreage at a time when oversupply is hurting every grower in the state. I said before that more acreage is not the solution to the problem. The more they grow, the more they contribute to the crisis that's affecting
Halo bought one of the largest grow sites in CA and was supposed to harvest 2 crops this year. But because the glut caused prices to drastically fall, they decided to wait until 2022 to harvest their first crop (at least that's the excuse the CEO used for not growing anything this year).
And on top of a massive excess of cannabis, CA wants to raise taxes on legal growers who are already struggling.
One entrepreneur is calling for a revolt to protest higher taxes.
Ok...if it goes to a penny even ...then the winter coat goes out the window
Hats gone...and now of course Nugs release a positive info news release..
Blow out the candles and fling that hat!
CSV is dead.
Ok...the window is open...I have hat in hand...but ...not yet...there is still friday which likes to end on a positive candle up..stay tuned..
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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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