Cannabis Strategic Ventures (NUGS)

[Inorout]

NUGS’s 10-Q financials have been filed and I am already finding some very serious accounting issues.

1. On August 20th, 2018 NUGS filed it’s Quarterly Report for its Quarter ending 6-30-18, and in this filing NUGS reported Revenue of $220,470 for the Quarter.

2. Today NUGS filed 2 Quarterly Report filings, this Quarter’s Financial results, but also the company apparently, restating last Quarter’s Report with a new corrected report. And in the corrected and restated report filed today, NUGS is now reporting that instead of the $220,470 in revenues they had previously reported, NUGS is now reporting $22,128 for the Quarter. Mistakes this big looks like fraud IMO because you can’t mistake $22,120 in sales and state earlier you had $220,470 in sales. Nobody counts that bad. At the very least, this management team is either totally incompetent or total fraudsters.

3. In the other most recent report for Quarter ending September 30, 2018 NUGS is reporting $49,882 in revenues.

Something is seriously seriously wrong at NUGS. I don’t know any plausible explanation on how NUGS revenues could be a tiny fraction of what management had previously reported publicly. These are serious accounting errors by ,1NUGS management. It makes zero sense that the company’s sales could be only 1/10th of the amount management had led investors to believe.

Given these accounting irregularities and false filings at NUGS, the company’s financials should be audited immediately.