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No they’re not, but they have these mansion studio spaces with 130MM followers, clubhouse app is 5 million people. Different businesses but that user number is way bigger with CMGR.
No one does it’s based on SEC approving. Can take a month or 9 months but at least they’re doing it so they can raise more money to expand
It is not. Different companies
Different company, that is clubhouse app. Both are in the social media space though
Wait until that Reg A is finished this will probably hit double digits IMO
Knowing the market in california there’s a massive supply issue still. 360 Espinosa looks like it’s almost 50 acres, if nugs wants to expand it definitely can if they can raise money
Probably the fact that it’s undervalued from a PE ratio, presidential election, and more likely the public offering they put out with the 1A form which puts buying price here really good.
Your results will vary this is not investment advice
With election coming up, deregulation possible, more stimulus checks. and NUGS raising money on this 1A this can probably see double digits again
You’re right this is up with nothing
I bet all the selling is for taxes for these people before end of year. I can see a bounce maybe in 2021
Would you rather they put out news for the sake of it or to put out news when it makes sense? Look at the company from when it started it has real revenue now and is growing slowly but growing. Maybe lots of dilution is happening is my guess but marijuana takes a lot of capital to get going that’s the cost of doing business
Remember those offerings have one year hold periods so in reality this will make the price go up
Look up their articles in New York Times, Atlantic, and NY Post. So much press. These kids can make millions a year and they seem to have some of the most popular ones at the clubhouse and their other house not a content house and dance dome
I’ve been to the farm too it is very nice
Looks like that guy Christian Young has run and sold quite a few influencer and e-commerce companies and has a background in software development. Where will this company go? Seems cutting edge.
I feel like a realistic number with the current sales is maybe 30-50 cents which is still very impressive
What if they didn’t want to put news out until it was something big? Marijuana crops traditionally do well until winter time so maybe the next press release will be combined with the raise they are doing along with crop numbers?
If they sold around 1.5 million as per last release they’re more than covered. And they said it’s not even fully built so that number could easily double to 3 million a month and if the burn goes up it’s still profitable
Looked this up. Seems he represents lots of companies though. Does he not? Most OTC stocks are startups and I would guess just like most startups they fail. Doesn’t seem any of his have actually gone BK though. Do you have any more info on this?
Still think imo this is severely undervalued. With lights their next revenue report should put them at at least a solid few million of revenue and in the 15-20 cent range. Don’t know if it will hit dollar status by end of year but I could see 50 cents at least. Looks like buy as much and hold
Yea people are tight on their money and will be for the next 6-12 months but cannabis has still been in popular demand and so will alcohol as people try to cope with this
Fundamentals look solid. Looks like a steal right now
Best guess is that it’s not running completely yet. If you notice their Instagram they don’t seem to show the whole facility. Could also be that some plants died? Most cannabis companies that cultivate never hit their stride until at least 6-12 months in. I think it’s too early to tell.
This is definitely a long term play and now is ridiculously cheap. Look at the balance sheet
Imagine how long it took them to build 6 acres of indoor though. I bet it won’t be up and running fully till mid year. Still pretty quick considering other cannabis companies that have taken over 2 years to even get their operations going.
No there hasn’t been any change. Looks like preferred C is just a new class that was created when they took the LW investment.
Also did anyone notice page 39 where gross profit is positive??? Stock should be shooting up right now
When financials come.. all these sellers are gonna wish they held. Just my opinion.
That would all be amazing. There’s certainly not any other public cultivators out there that are as large that I know of. I think many of them are private
How did you get to $10? Even other marijuana companies like curaleaf and cronos don’t have $10 stocks with revenue in the 100 million+ range. I’d love to see $10 but how do you think NUGS would get there by years end? They predict maybe 30-50 million of revenue
What period of reporting will it be from? These marijuana crops take 3 months to grow then time to sell. I’m guessing we won’t even see full extent until the next quarter report? Anyone got info or thoughts on this?
Load up quick!!!
How do you know news is coming out?
If you follow their earnings forecast and look at kushco as a comparison this should be in the 50 cent area
Well I would guess based on their first filing that the people who bought this at 1/100th of a cent are now out of their hold period and are “dumping” because they can still make 300x their money at even 3 cents so why not?
I’m pretty sure once those people are done it will stabilize
I agree with this
Nasdaq is only for Canadian companies. I read it’s illegal for companies in the US in marijuana to be in nyse or nasdaq until at the federal level there is legalization. That’s why all the American marijuana companies are otc
I think you’re right on this, it’s going to need some sales to get it over a dollar. I just wonder what amount of sales that is
It still has legs. I think even buying now has upside for the long run
Good call. Might not get there until maybe end of year or even next but I think there’s a possibility of it for sure. I see over 50 cents easily if that farm produces all it’s supposed to this year
I think you are right on this. My opinion is until the earnings come out, hopefully not late, we won’t know. Profit, what revenue do you think will support .10 or .15 cents?