Cannabis Strategic Ventures (NUGS)

[freemoneyfella]

NUGS isn’t adding up. Management never completed the audit of Worldwide Staffing.

On April 20, 2018, the Company entered a Stock Purchase Agreement to acquire 100% of Worldwide Staffing, the aggregate purchase price is $2,482,115 and shall be payable as follows: 1) Buyer’s cash payment of $59,819 paid by wire transfer, 2) Buyer’s payment of $184,669 through a convertible promissory note in favor of Seller; and 3) Buyer’s issuance of 2,237,626 fully paid and non-assessable common shares in Cannabis Strategic Ventures, Inc. The 100% shareholder of Worldwide Staffing is the CEO of Cannabis Strategic Ventures, Inc. As part of closing deliverables, the Seller must provide the Company two years audited financial statements of Worldwide Staffing. As of September 30, 2018, the audit has not been completed.

Why was this audit not completed despite the Agreement on April 20, 2018....nearly 1 year ago? Why, nearly 1 year later, NUGS management hasn’t provided any financial transparency on this deal?

The lack of transparency with Worldwide Staffing and $0 revenues for the last 2 quarters is quite peculiar imo. Like I’ve been saying, NUGS isn’t adding up.....at all.