Cannabis Strategic Ventures (NUGS)

[Occasian]

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