Cannabis Strategic Ventures (NUGS)

[Occasian]

Watching Closely any information on whether this company renews lease or lets the cannabis farm die.

In the SEC filing : https://www.otcmarkets.com/otcapi/company/financial-report/228059/content

Section 1.2 Sublease Term: The term of this Sublease (the "Term") shall be sixty (60) months, commencing on January 1, 2019 (the “Commencement Date”), and will end at midnight on December 31, 2023 (the "Expiration Date").

Combine that with the fact they are selling one of the DTLA Licenses, I think they aren't bringing in much positive cashflow -- but I could be wrong too.

Dec 31, 2023 leaves them 1 year, 8 months left on this lease remaining. The monthly rent on this place is not insignificant, so will really need to see how this company survives the recession. If it can't survive the recession, I doubt they'll renew the lease.