Replies to post #23329 on Cannabis Strategic Ventures (NUGS)

[Scumbag Fraudsters]

Not holding - can't afford another POS pot stock.

Mgmt is clueless IMO.


They released a PR this month in a futile attempt to allay shareholder fears.

In it they describe the tough market conditions in California. Conditions which keep getting tougher as growers grow more weed every year.

Their solution? GROW MORE WEED NEXT YEAR!

NUGS isn’t planning to add just a little bit of capacity; the facilities represent a major expansion. For the L.A. facility, management foresees up to 1,200 grow lights, projected to produce two to three pounds of premium exotic cannabis flower per light per harvest across an estimated 5.75 harvests per year, suggesting an upside potential for total production capacity of more than 15,000 pounds of premium exotic cannabis flower per year.

With the addition of approximately 15,000 square feet and an estimated 500 grow lights, the Sacramento facility will have capacity for 7,000 pounds of premium cannabis flower annually; 22,000 pounds even at a further price depreciation to $1,500 for indoor flow equates to $33 million.

Grow all you want, morons. GOOD LUCK SELLING IT!


Conditions were so atrocious this year that Halo put off growing 2 planned harvests at their brand new ranch in the Emerald Triangle. They're expecting the market to improve in 2022, but I don't see any reason for such optimism.

Not only are growers planting more acreage, but taxes are set to rise on the 1st.

As of Jan. 1, the following increases will go into effect:

Marijuana flower per ounce of dry-weight will go from $9.65 to $10.08

Cannabis leaves will increase from $2.87 to $3

Fresh marijuana plant will increase from $1.35 to $1.41

[Occasian]

I have a few multiples more :) been holding awhile though