Cannabis Strategic Ventures (NUGS)

[Occasian]

So a lot of OTC companies got hit by government regulations back in September, specific OTC Pink Sheets.

Any pink sheets companies who weren't reporting accurate data had the threat of a caveat emptor placed on them, and purchases blocked.

Overall, if you look at each cannabis company over the past year, they have dropped to either All Time Lows, or lower than ATL's.

This is the same across the industry, however there is legislation bipartisan which could change that. Overall the industry will rebound if both sides can agree on federal legalization.

Until that point, it will be a slow burn, as this would be considered a Growth Stock, of which many of the Institutional Investors are shying away from.

Think of it as a double whammy - Poor Economic Conditions + Non-legal industry.

overall I think it's great sale territory, but we've got lower to go still. Many companies won't make it out unless they are already cashflowing