Cannabis Strategic Ventures (NUGS)

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Interesting NUGS tidbit.. On June17, NUGS pumped up to 300k sq ft greenhouse LOI negotiations underway..On Sept1, Monterey Permit Tracker indicates 360 Espinosa Rd facility owners (includes NUGSFarm) received a permit to demo 24 existing greenhouses (195k sq ft) and rebuild new..These greenhouses adjacent to existing NUGS 4 bldgs..Appears the June17 LOI negotiations well underway and NUGS doubles capacity late 2021 imo.

June17 PR Cannabis Strategic Ventures Issues LOI for 300K-Square-Foot Facility with Potential to Double Current Output and Sales

https://ih.advfn.com/stock-market/USOTC/cannabis-strategic-ventu-pk-NUGS/stock-news/82677512/cannabis-strategic-ventures-issues-loi-for-300k-sq


Per Monterey Permit Tracker Sept1:
Description:
DEMOLITION OF 24 EXISTING GREENHOUSES, TOTALING 195,396 SQUARE FEET OF THAT INCLUDES FULLY ENCLOSED PERMANENT STRUCTURES THAT ARE CLAD IN TRANSPARENT MATERIAL WITH CLIMATE CONTROL, SUCH AS HEATING AND VENTILATION CAPABILITIES AND SUPPLEMENTAL ARTIFICIAL LIGHTING, AND THAT USES A COMBINATION OF NATURAL AND SUPPLEMENTAL ARTIFICIAL LIGHTING FOR CULTIVATION. THIS WORK TO BE DONE TO ACCOMMODATE NEW WORK AND CONSTRUCTIONS OF REPLACEMENT GREENHOUSES UNDER SEPARATE PERMIT.
Last Updated: Sep 8, 2020

https://montereyco.civicinsight.com/addresses/817582/360-espinosa-rd