Cannabis Strategic Ventures (NUGS)

[miestro]

I agree many would assume the worse with no PR. My guess is Aug sales #'s will again be good. Maybe even higher than July. Their not required to Pr that info. So the fact they haven't released it, isn't overly bothering to me. I'm sure there's some form of sales numbers there.
I'm just trying to figure out what they are doing. It doesn't make a lot of since. IMO the timing of the 1-A is horrible. The 1-A is for a $5mil offering. They claim they need at least 25% of that offering for operating cost for the next 12 months. But isn't rent alone for the farm going to cost more than that?
Also, 25% of $5mil is only $1.25mil. If they're capable of bringing in $2mil+ a month in sales, they couldn't cut spending from somewhere, and find that $1.25 mil in profit somewhere in 12 months instead of diluting the price of the stock by issuing more?
IMO they are creating a cluster of a mess. Even if they now drop a PR saying they 100% are for sure expanding, until the offering is handled and those shares are issued establishing a true value for each share price and a market cap would be a major headache.