Cannabis Strategic Ventures (NUGS)

[miestro]

Sounds like the price will be determined at the time one makes a move to fill some of the offer. It doesn’t say it will be .02 or .50. That’s just the proposed offer. What it does say is that it will be in between. Their language here is interesting. They go as high as .50? Since the offer is suppose to last a year (365 days with a potential of 90 more). They make it seem as though they believe within now and the next year at some point, the price could be gearing north towards .50? They may be able to achieve a price per share of this just off continued good sales numbers alone? Even with massive dilution the price per share is going to hold onto value as long as they continue with good revenue from sales.
Also, I wouldn’t count out the LOI yet either. Just like the north farm, many of these types of places are ran on lease contracts. There may have been months of unfinished business that needed to be completed before any finalizations can be made. I don’t feel this 1-A form gives us much insight either way on what happened or is happening on the LOI efforts.
I’m not fully getting the idea of what is really going on here with this offering. Their only looking to raise $5million. With the last 3 months reported sales numbers the way they have been, I would think that coming up with an extra $5mil there within a year wouldn’t be unheard of? Be nice to see them do something good for shareholders with some of that revenue that they are generating from the sales. Imo they should abandon the LOI of leasing a new farm; buy land in the county where they already have licenses, and build their own facility.