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Hmm, actually that brings up an interesting concept - how likely is an absurd reverse split, like a 60:1 or 100:1?
Yes 100% ownership means all share classes. You can own a company's decisionmaking power if you own 51% voting power though. So even if there was a supervote b-class share, they would have to own that in order to own the LLC. So my thoughts are it might have been used as a safehouse to hold licenses.
Although I wonder how many licenses any one company is allowed to obtain, or if this was the umbrella llc for other llcs that also had obtained licenses? *shrug*
Yes, you are correct - friends and family are whats covered by "word of mouth marketing only" - A company cannot run ads for that initial Series-A funding due to SEC rules on such an offering. They would need to seek SEC approval for that type of crowdfunding.
Thoughts?
TA-wise on the 1day chart is looking great, I don't know what news is about to be released, but something seems like it's around the corner with this much volume. Guess we shall see, hope you all were DCAing on the way down!
Eh, a Form 8-K out, but nothing terribly exciting, just another director appointment.
What I find interesting is that Apr25-May2, according to https://ih.advfn.com/stock-market/USOTC/cannabis-strategic-ventures-NUGS/stock-news/79763846/cannabis-strategic-ventures-plants-20-000-cannabis they planted some first 20k-30k seeds. Worst case scenario the equipment wasn't setup yet, best case it was and the grow period began.
Then, from https://ih.advfn.com/stock-market/USOTC/cannabis-strategic-ventures-NUGS/stock-news/80024694/cannabis-strategic-ventures-announces-operational, let's assume 4Q of crops (4 grow periods instead of 4-5, upwards of 120k lbs produced a year rate per https://ih.advfn.com/stock-market/USOTC/cannabis-strategic-ventures-NUGS/stock-news/80024694/cannabis-strategic-ventures-announces-operational)
By Mid July, that will roughly equate to around 12 weeks (1Q) of grow time from seed planted to MJ plant grown, which on average is a respectable amount of time to achieve a solid grow (for anyone who has tried to grow, this is no simple task and requires specialized knowledge of lighting and sun cycles - without the technology and the specialization, it can be pretty difficult). Not sure how long post-processing takes at scale though, so tack on a week or two.
THEN, enter the direct cash investment + acquisition of already existing indoor, outdoor, & Greenhouse cultivation facilities, an existing retail front, with the experienced management to run the show listed https://ih.advfn.com/stock-market/USOTC/cannabis-strategic-ventures-NUGS/stock-news/80126821/cannabis-strategic-ventures-in-final-negotiations. The direct injection shouldn't outright affect the float as they are all restricted shares.
From a technical standpoint, looking at the day chart from back in April, seems like we're in for potential reversal looking at RSI & DMI, but that's just additional icing on the cake. What I do find interesting is that we've dipped below the $0.50 support line, and the next one I see is back at 0.03.
Really curious to see what info gets released from the delayed filing of the annual report
No one would want to touch those two companies with a ten foot pole the way they are currently running, and MedMen's focus is separate - they wouldnt agree to such a loss in control if NUGS / Medmen were even considering a merger. Unless you know something I don't know from following the entire market? Please elaborate
Especially where this team is taking it - I absolutely love having been here pre Dec 2017 before the major boom. Watching this a year before actually creating an iHub account but I didnt have the balls to step in at the time lol - it was a crazy time back then and it will be a crazy time now when these folks work with legislators to solidify legal cannabis banking & beyond.
That's just a rehash of the June 5 article https://www.cannabisnewswire.com/growing-demand-in-hemp-sector-breeds-opportunity-for-major-hydroponics-cultivation-supplier-sugarmade-inc-sgmd/
I agree - assuming the RSI looks good around that 0.6-0.7 range, that's going to be right about where we would expect a greater loading zone.
I think we'll have to wait to see how many shares will be released for purchase, what that does to the share structure, who is lined up to purchase those already, how that times with production plans expected for complete production capacity in Fall 2019... and how that all lines up with legislation and the presidential election.
the CBD parts of the business should be able to support while the anti-retaliatory measures for banks who support businesses in the industry get passed.
If they don't get passed in 2019/2020, there are the temporary annual-renew provisions folks are working on to allow temporary reprieve (and lots of $$ in the time span to gush in), so I foresee a similar spike towards end of 2019, and 2020 being a fantastic year for MJ in the United States.
But as always, we'll see!
Tricky part is there are still many moving parts - hope for the best for the permanent SAFE act. Although Boehner seems to be advocating his investment contingent of legalization in the US - interesting thing is his position isn't even that big in Acreage Holdings - however we'll take whatever allies we can get!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149197791 - same post, different board.
Makes me wonder why you're even on these boards if you're just copy/pasting and not providing any value?
Pistol Pete is back! How you been man, you thinking of getting back into NUGS?
The thing is, across the entire sector, institutional investors are hesitant due to the not so great forum on CBD the other day.
It isnt hard to notice a company like NUGS once we actually output 54.4k kg (120k lbs) per annum. However for reference,
Canopy Growth output: 400-500k kg
Aurora output: 430k kg
Aphria: 230k kg
MedReleaf: 140k kg
Organigram: 113k kg
Problem will be oversupply if the markets dont take to all the production. In that case the price per pound could drop to sub 1k usd in the next 2-4 years as well in the US
What is a "real" position quantity wise to you? If you are not willing to disclose, I cant spank you with the size of my position. Please :P sit down and stop complaining or sell your position
https://www.forbes.com/sites/tomangell/2019/06/02/congressional-funding-bill-protects-cannabis-banking-and-lets-dc-legalize-marijuana-sales/#5563c7112134 - Temporary bill which would need to be renewed annually to be considered by a house committee while we wait on SAFE proposals to get through congress. Would be a great win for FY 2020 starting in October
https://www.forbes.com/sites/tomangell/2019/06/02/congressional-funding-bill-protects-cannabis-banking-and-lets-dc-legalize-marijuana-sales/#5563c7112134 - Temporary bill which would need to be renewed annually to be considered by a house committee while we wait on SAFE proposals to get through congress. Would be a great win for FY 2020 starting in October
https://www.globenewswire.com/news-release/2018/11/28/1658229/0/en/Redfund-Capital-Backed-Biolog-Inc-to-Develop-Water-Soluble-Cannabis-Technologies-with-Cannabis-Strategic-Ventures.html
They are partnered to get into the horizontal of water-soluble cannabis products. Unsure w/MCOA, did you hear something?
Question is i'm not certain if S-1 is even required based on their alternative route for OTCQB. Can you find any documentation referencing if they need to file S-1? I can't see anything in the OTCQB/OTCQX Alternative Reporting Guidelines documentation
I don't know - Need to understand alternative disclosure rules. Possible the S-1 formally submitted isn't necessary under alternative disclosure rules. Would need to talk to a lawyer to confirm.
If S-1 not even required, then that $3M is deployable at any time. https://www.networknewswire.com/cannabis-strategic-ventures-inc-nugs-expands-portfolio-in-californias-cannabis-space/ - "Cannabis Strategic Ventures is focused on supporting entrepreneurial growth within the legal cannabis sector, which has gained an explosive degree of popularity and social awareness in North America during recent years. The company is building a portfolio of varied subsidiaries and, in February, gained a boost to that end from an investment of up to $3 million from a university student initiative known as Triton Funds, announced as effective once an upcoming S1 registration statement is completed."
This is not the first time NNW sent out incorrect information as well, is another thought I had.
Official news of uplisting out
One thing to keep in mind, to remain OTCQB, you must maintain a bid price of $0.01. It cannot fall below $0.01 for longer than 90 days grace period, and must remain above $0.01 for 10 consecutive days - otherwise we'll see a de-listing.
Do we see it go down to $0.01? possibly..
From OTCQB:
Bid Price Deficiency. Companies are granted a cure period of 90 calendar days for failure to maintain the minimum bid price set forth in Section 2.3(2). In the event that the minimum closing bid price for the Company’s common stock falls below $0.01 per share for 30 OTC Markets Group Inc.
OTCQB Standards (v 3.2 April 16, 2019) Page 11 of 17 consecutive days, a grace period of 90 calendar days to regain compliance shall begin,
during which the minimum closing bid price for the Company’s common stock must be $0.01 or greater for ten consecutive trading days. In the event that the Company’s closing bid price falls below $0.001 at any time for five
One thing to keep in mind, to remain OTCQB, you must maintain a bid price of $0.01. It cannot fall below $0.01 for longer than 90 days grace period, and must remain above $0.01 for 10 consecutive days - otherwise we'll see a de-listing.
Do we see it go down to $0.01? possibly..
From OTCQB:
Bid Price Deficiency. Companies are granted a cure period of 90 calendar days for failure to maintain the minimum bid price set forth in Section 2.3(2). In the event that the minimum closing bid price for the Company’s common stock falls below $0.01 per share for 30 OTC Markets Group Inc.
OTCQB Standards (v 3.2 April 16, 2019) Page 11 of 17 consecutive days, a grace period of 90 calendar days to regain compliance shall begin,
during which the minimum closing bid price for the Company’s common stock must be $0.01 or greater for ten consecutive trading days. In the event that the Company’s closing bid price falls below $0.001 at any time for five
Patents aren't really THAT defensible at the end of the day
Combined w/fact that the SB-67 Cannabis: temporary licenses is still moving through congress, and then ext hearing isn't until June 5, 2019, that means a LOT of temporary licenses will be considered expired.
If NUGS has all active licenses, between the 20 cultivation/manufacturing/distribution licenses, along with the partner with 40 commercial(recreational) licenses, I might be curious if we'll see some major constriction towards the end of May heading into June.
Yup - per my earlier post #11968 prior to OTCQB uplisting, where I wasn't as happy about all the great info they released via the annual report initial disclosure statement, I knew what route they were going for QB listing - what is crazy is if you follow the releases, you learned the 3M USD Triton fund is effective once the anticipated S-1 registration statement is filed.
Which means there's people committed to deploying cash once the S-1 disclosure statement is complete.
Big things coming up - but until I see the S-1, I won't believe it!
Common practice on almost all MJ boards is to ignore manslap, so at least the posts don't show up if you don't check immediately.
He does have the right to post, but you also have the right to ignore someone if they aren't posting anything but negative garbage.
For a truly wholesome bearish outlook on most stocks, our resident bear Elkonig is actually pretty solid - I appreciate the points he brings in, as I feel some of his points merit/drive people to do better due diligence.
Not quite - keep in mind this is still projected.
However if they are heading the direction I think they are heading strategically, they are setting up for some very well timed & executable actions when the time is right.
Hehe well, I am staying quiet, because this annual report gave out a little more info than I wanted it to. Tons of really great info in this annual report initial disclosure statement (I misspoke on some earlier posts - annual report verbiage should have included "initial disclosure statement) if you're willing to dive deep - I recommend every investor here dive super deep into this annual report.
With the disclosure of the OTC QB certification, I have gained far more respect for the insane strategic and forethought smarts of the group of folks working the entire NUGS company from way back in Cascade Energy days, and the collective wisdom from the team members they have brought in to pursue OTC QB and beyond.
These guys are so freaking smart it kills me inside, they're playing on a whole different level right now.
Elkonig, with a little DD and ingenuity, you can find the licenses via the three search bureaus. I recommend you start here - https://cannabis.ca.gov/check_a_license/
Actually if you take the time to read the annual report, this one tells you a LOT of information :). gltu my friend
Lol NYC, dont hate on the haters here - its not interesting unless we have them.
Plus I do think that people like Elkonig sometimes brings up some valid thoughts that I also consider as well. But for me, I already have utmost confidence in this sector's topline potential and management team. Although this time I dont foresee the stock dipping back much once full production is achieved. Glta!
Keep in mind though, although shares may be vested, issued, and outstanding, almost all shares are still restricted. CEO has discretion on whether to unrestrict shares I believe, but keep that share restriction in mind.
An uplisting to OTCQB will allow greater trading volume and consistent trade price of NUGS over time, particularly if what you are thinking comes true in the future. Time will tell!
My guess is months - process isn't as easy/simple as you expect, and requires review. Keep in mind audits need to be reviewed as well.
I mean.. just look back two years - not like companies get built overnight. Theres people here who were in at $0.20, who made a lot of money when it ripped to 5-7 USD.
1.32 USD isnt bad - this has ripped to 7.13 before. I still think people who get in at 1-1.5 will still make a lot in 2019-2020.
That's not borderline creepy or anything, posting someones personal information online like that..
FL - yes that is the team - Alan, Jimmy, John, and Simon are in that photograph. Holy hell.. nice find FL.. this is very interesting!
I agree, but I also see a nice BB tight channel, and overall lower lows and higher lows on RSI, no major reversal indicators just yet, so I anticipate potential drop of somewhere 20-30% before a major rally to scare off some weak hands. I'm looking historically at what happened the last rallies where we started to see this volume occur.
Until that point, if we look at the trades throughout the day, we see it's still largely institutional accumulation/manipulation at this time, as opposed to individual investors playing the waiting game/day-trade game.
Hmm, I agree lack of communication never feels great, however the OTC Pink markets also have zero stringent communication guidelines. Once they release the successful OTC QB processes completed, I would expect a string of announcements to feed off that kind of news.
Simon isn't one to simply announce something because shareholders are loud on investorshub you know? Check the history of prior releases - they've always been timed surgically together.
We take on that risk investing in OTC Pinks though right? high risk, higher chance of upside, higher risk of being out of the loop from a company that does not have stringent reporting requirements yet until they list on OTC QB, etc.