Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
BTW, I was hoping for positive Budcars confirmation for SGMD shareholders..Thought it would make for a nice PR next week..Indicated still planning on LA location, but unable to confirm opening date.
Unfortunately, Budcars confirmed no LA delivery presently..Contact info provided for those interested..gltu
Email: Hello@budcars.com
Office: 916-306-0420
Interesting NUGS tidbit.. On June17, NUGS pumped up to 300k sq ft greenhouse LOI negotiations underway..On Sept1, Monterey Permit Tracker indicates 360 Espinosa Rd facility owners (includes NUGSFarm) received a permit to demo 24 existing greenhouses (195k sq ft) and rebuild new..These greenhouses adjacent to existing NUGS 4 bldgs..Appears the June17 LOI negotiations well underway and NUGS doubles capacity late 2021 imo.
June17 PR Cannabis Strategic Ventures Issues LOI for 300K-Square-Foot Facility with Potential to Double Current Output and Sales
https://ih.advfn.com/stock-market/USOTC/cannabis-strategic-ventu-pk-NUGS/stock-news/82677512/cannabis-strategic-ventures-issues-loi-for-300k-sq
Per Monterey Permit Tracker Sept1:
Description:
DEMOLITION OF 24 EXISTING GREENHOUSES, TOTALING 195,396 SQUARE FEET OF THAT INCLUDES FULLY ENCLOSED PERMANENT STRUCTURES THAT ARE CLAD IN TRANSPARENT MATERIAL WITH CLIMATE CONTROL, SUCH AS HEATING AND VENTILATION CAPABILITIES AND SUPPLEMENTAL ARTIFICIAL LIGHTING, AND THAT USES A COMBINATION OF NATURAL AND SUPPLEMENTAL ARTIFICIAL LIGHTING FOR CULTIVATION. THIS WORK TO BE DONE TO ACCOMMODATE NEW WORK AND CONSTRUCTIONS OF REPLACEMENT GREENHOUSES UNDER SEPARATE PERMIT.
Last Updated: Sep 8, 2020
https://montereyco.civicinsight.com/addresses/817582/360-espinosa-rd
"ERBB and their lease
As long as I am collecting money from ERBB on time for a property I leased them every month, I am happy. I talk to all my tenants. I know what they are doing."
Which property? thx
My thinking along the lines that Jimmy never really had a $10m order ready to be filled "today", but rather a carryoutsupplies (reportedly) 2-3k established restaurant niche that has previously done biz with SGMD and Jimmy tagging on additional PPE sales to existing customers paper goods sale...Clients put in a May order, with insinuation that they would periodically order monthly/quarterly PPE refills..Jimmy's math took the liberty of extrapolating to $10m one way or another for PR purposes..:)
Surprised Jimmy didn't follow up on the earlier $886k PPE sales that supposedly occurred over a few weeks..With the noted PPE price drops, SGMD likely squeezed by the big boys..Just thought a sales associate working potential PPE sales to restaurant paper goods client presented itself as a nice opportunity initially..
suissac, fwiw the $10m order was based on May1 PPE product pricing..If you compare carryoutsupplies PPE today prices https://www.carryoutsupplies.com/collections/safety-protective-supplies to the prices in ihub ibox listed above, you'll notice significant price drops on major selling products...
ie..Pack of 5 kn95 masks drops from $16.99 to $2.99 !!
Box of 50 blue cotton masks drop from $35 to $5.99.
Sanitizer drop from $4.95 to $3.07.
Drop in prices could have a big effect on the overall $10m order..??..Maybe why Jimmy failed to release $10m PPE monthly sales update..gl
Not sure..Sold the 14s last 3 days..gl
gltu!
Remember those back to back to back 20%-50% daily gains vividly!
A solid PPE PR would spike SGMD toward .003 asap!
2.847B O/S 9/30...fwiw, when SGMD released recent 10k the share price jumped from low of .00125 to .0023 in few days...Another SGMD Quarterly filing due this month..:)
Jimmy, could you provide an analysis and make the case why SGMD appears to find it beneficial NOT to exercise the 30% Budcars option for controlling interest anytime soon? With all this planned expansion, seems like a small $525k price to pay now for the 30% option..You emphasize SGMD actively engaged in BC operations, but acquiring the additional 30% controlling interest brings BC revenue operations into SGMD books.
BTW, how about an update on the May $10m+ PPE orders fulfillment? thx
Abandoned Projects...another $3.1m loss..per financials.
Anticipating eod settlements/ttrades...Gut feeling the ERBB VIP CD sloths slithering behind the scenes looking to prey on the naive.
Respectfully, I don't like the tweet..Skip the bullchit Jimmy, and provide something solid..How about releasing one of the two LA locations so a shareholder can stop by and at least verify its existence..Not much to ask..Lets face it, you pumped the LA location only days away from opening months ago, so man up the location..:)
It's a good idea for the elite VIP CD insiders...They need to loan a couple million bucks, then pump typical phony fluff, then unload their CD at 50-60% discount..Insiders need to fluff a scam that generates sizeable trading volume opportunity..Did it with the initial Zazzz vending news, did it with Nipton mj scam, and now desperately looking for another CD opportunity apparently scamming upcoming Grow PR news..ERBB needs a proven Critical Thinker generating those eventual Grow scam PRs..Who steps up this time?..Pete, Dave, Scott Stoegbauer, Steph Shearin?
Doubt it..Lindel erased the evidence within the permitted 10-15 minute ihub window per comment from an ERBB shareholder who reportedly witnessed it live action.
The "pumping" buck ultimately stops with Jimmy, but wouldn't be surprised if Monrovia office visiting pal/associate/shareholder? ..:) Joe Noel is responsible for some PR creativity...and curious what actions, and by who, prompted otcmarkets to slap the caveat emptor and stock promotion flag on SGMD?
Foaming at the mouth awaiting PPE news..On May1 SGMD had $10m PPE orders in hand!!...In hand, ready to go..just fill 'em by any one of the 67,000 China PPE manufacturers or 1000's of the Vietnam facilities..Then, double down on that same PR and update shareholders on just how many NEW PPE orders came in and need filling!!
Not much room for $10m PPE rhetoric for order not being filled..Have DD'd multiple China PPE manufacturers, including some of the same presently used by SGMD..China ready to produce goods, plane transportation in place, millions of dollars of PPE orders in hand, billions of shares available for dilutive financing...now, just a matter of if Jimmy being transparent with the May $10m PPE news...PPE niche should be a dandy opportunity for SGMD..or could be a dandy disaster...Should know shortly..
Wonder if Hempful Farms product quality suffered due to ERBB's Corey Anderson association? Whatever became of the ERBB/PawPuddy pumped joint venture?
Expect sizeable eod settlements and ttrade dumpage enabled by PR fluff news this morning..
Main constant in management is continued presences of Petey Jacobs, Davy Gwyther and to a lesser degree, Scotty Stoegbauer..The mgmt buck starts..and stops there..
NUGS website complete garbage..Hard to take them seriously when NUGSFarm not even highlighted anywhere..Visitors reviewing website for first time would never know the Farm existed unless they trolled the dated PR page..Imo, there is an intentional disconnect from NUGSFarm and NUGS website..and have not figured out why....yet...??
https://cannabisstrategic.com/
Lost trust in Nov when stated multiple times ERBB Nipton foreclosure fake news..Scott Stoegbauer should be held accountable!!!
AG sold subpar weed into the market by your own admission..Are they also selling subpar cbd product?
This may be one facet of what Lindel was referring to when he mentioned ERBB biggest hurdle is overcoming its negative branding image..Proving it likely less important than the overall market perception is the Ripoff response is true...Gl..:)
"Do you still believe this will dip to 0.001"
Speculating:) .001-.0012 possible next 10 days, depends if any significant CD dumpage develops from Oct28 $450k+ (potential 500m+ shares)..Maybe (Director of Communications?) Joseph Noel can update the caveat emptor status..And curious if share selling PR occurs Wed/Thurs..??
I did grab .0014..worked well last time...Maybe more next week, but fishing for lower price presently..:)
"When do you see the Reversal beginning?"
Don't see a dependable reversal happening unless Jimmy confirms 30% Budcars option and revenues, which likely not anytime soon..But does not mean there could be multiple short term spike and dip (30-50%?) opportunities..Betting another happens this month, if not, will likely reevaluate holding position for another day..
Jimmy has plenty of PR ammo..But a lot of it is for "tomorrow's" revenues..Shareholders want to see today's revenues..On May1st Jimmy 8k'd PPE purchase orders for $10m..then he doubled down in later PR that the number was actually higher..Jimmy should easily be able to PR PPE sales of $3-5m six months later at any time..And PR those sales have been replaced by millions in new orders..That PPE PR alone should be a decent confidence booster..Any excuse for a PPE sales shortcoming simply means Jimmy was bullchittin' the whole time..Should have that answer this month..gl
Trip zips by Xmas fo' shizzle..
ERBB obviously destined for trips shortly..IMO, each subsequent downward single tick price movement will be fairly lengthy in time and volume..Likely similar to ERBB previous trip zeroes pattern..That said, will be a while and billions in share dilution until next ERBB reverse split and takes place somewhere between .0001-.0003 price level..Hashtag #ERBB dejavu
ERBB .001's got hammered eod..Still overpriced
ERBB overpriced..Trips correction underway imo
BTW rmn, i don't do this to bust your chops, but I will bust Jimmy's..:)..i want us all to make money here..! imo, heading to .0012s next, hard to imagine below .001 anytime soon..Let's see if the Oct28 $450k (500m+ shares) note holder does a 3rd party promo to nab his payday..Hope Joe Noel not part of this note holder team..Counting on Jimmy's PR skills come next filing..gl
"Convertible note 31: On October 28, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $225,500 (includes $23,000 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
Converiblble note 32: On October 28, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $225,500 (includes $23,000 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date"
Per 10k...
"For the fiscal year ended June 30, 2020 we incurred an operating loss of $21,534,562. For the fiscal year ended June 30, 2019, we incurred an operating loss of $4,915,077. At June 30, 2020 we had an accumulated deficit of $68,703,772."
rmn, the part you are missing imo is that EVERY note dating Jan2019 to Sept27,2020 has been converted/paid in full!..EVERY note.And frankly, why would I take 8% interest when I can convert existing note at 60% discount, then likely turn around and parlay those funds into an even bigger note or two at same 60% discount and 8% interest?
Maybe Jimmy has a note or two and works with us, idk..He should..SGMD appears to be footing the bill for Jimmy's LMK 40 acre vineyard estate, when imo, since SGMD ponying up the funds, then why not have 100% of 40 acre Lower Lake property be 100% SGMD asset on the books? SGMD shareholders gifting Jimmy a nice $1.375m property with spectacular views and vineyard.
NUGSFarm revenues:
Apr/May/June ...$3,075,680
July.................2,300.000
August...........1,800,000
Sept................2,300,000
Apr-Sept FARM sales $9,475,680
At today's .0016 closing price, and reviewing the 10k financials convertible debt, after totaling principal, interest, discounts,etc...it appears roughly another 2 billion CD can convert up through Feb18,2021...which could put SGMD O/S near 5 billion..
Keeping in mind the possible outstanding $115k Sept27 CD balance and potential Oct28 $450k+ CD conversion, that could be another 600m share dilution pressure near term.. That's why imo we'll see more .0014s (or lower) through early Nov..Hoping that presents disciplined buying opportunity and rewarded mid Nov with Jimmy releasing credible PR fluff, and plenty he can get creative with!..Fingers crossed..:)
On September 27, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $165,000 (includes $16,250 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 55% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date. During the year ended June 30, 2020, the note holder converted $50,000 principal with $2,992 interest expense into 56,007,062 shares of the Company’s common stock. As of June 30, 2020, the remaining note balance was $115,000.
On October 28, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $225,500 (includes $23,000 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
On October 28, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $225,500 (includes $23,000 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
On November 14, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $125,000 (includes $3,000 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the average three lowest closing bid for the 10 consecutive trading days prior to the conversion date. As of June 30, 2020, the note has been fully converted.
On November 29, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $106,150 (includes $11,150 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
On November 29, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $106,150 (includes $11,150 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
On December 10, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $106,700 (includes $11,700 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
On December 10, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $106,700 (includes $11,700 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
On December 27, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $112,200 (includes $12,200 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
On October 31, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $139,301. The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is $0.008 per share.
On November 1, 2019, the Company entered a convertible promissory note with an accredited investor for a total amount of $100,000. The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is $0.008 per share.
On January 3, 2020, the Company entered a convertible promissory note with an accredited investor for a total amount of $112,200 (includes $12,200 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 60% of the lowest closing bid for the 20 consecutive trading days prior to the conversion date.
On January 14, 2020, the Company entered a convertible promissory note with an accredited investor for a total amount of $150,000 (includes $3,000 OID). The note is due 360 days and bear an interest rate of 8%. The conversion price for the note is 38% discount to average of three lowest closing prices for the 10 consecutive trading days prior to the conversion date.
On January 22, 2020, the Company entered a convertible promissory note with an accredited investor for a total amount of $128,000 (includes $3,000 OID). The note is due 360 days and bear an interest rate of 10%. The conversion price for the note is 35% discount to average of two lowest closing prices for the 20 consecutive trading days prior to the conversion date.
On February 4, 2020, the Company entered a convertible promissory note with an accredited investor for a total amount of $110,000 (includes $10,000 OID). The note is due 360 days and bear an interest rate of 12%. The conversion price for the note is $0.001 per share.
On February 18, 2020, the Company entered a convertible promissory note with an accredited investor for a total amount of $100,000 (includes $10,000 OID). The note is due 360 days and bear an interest rate of 12%. The conversion price for the note is $0.001 per share.
First half dozen trades opened @.0014 , about 475k volume..
We'll see more..Next filing due Monday Nov16..Jimmy will file NT 10Q extending another 5 biz days..That's when I expect some PR MOJO for potential payday..:)
Recall Nipton does have a jail..and "Sheriff" Shearin strapped up for action of righting ERBB wrongs in Nipton!
Do you think Scott is concerned about posting delinquent CANX financials after accountant Malone Bailey said something ain't right in the neighborhood.. Suspect financials from ERBB subsidiary CANX could spill over and instigate opening Pandora's Box.