Replies to post #23392 on Cannabis Strategic Ventures (NUGS)

[Mattie711]

Great post. Thanks for the information. Please keep it coming.

[Occasian]

ALERT - NUGS management is selling more equity in Private Placements (OS Noticeably increasing, diluting current shareholders again

Checking OTC, I see that Outstanding Shares keeps increasing (AGAIN, since my last post), meaning they are selling private placement agreements or loans are expiring and transferring to Shares of Stock.

367,572,887 is OS as of 05/04/22 (+755,600 shares sold to PPM)
366,817,287 is OS as of 03/30/22

Number of shares in the Public Float:
90,327,895 as of date: December 31, 2021
90,327,895 as of date: September 30, 2021
90,327,895 as of date: June 30, 2021
90,327,895 as of date: March 31, 2021
90,327,895 as of date: December 31, 2020
90,327,895 as of date: September 30, 2020
84,827,895 as of date: June 30, 2020
71,427,895 as of date: March 31, 2020
62,177,895 as of date: December 31, 2019

Total Shares Outstanding:
367,572,887 is OS as of 05/04/22 (Updated) (+755,600 shares sold)
366,817,287 is OS as of 03/30/22
359,034,687 as of date: December 31, 2021
287,300,141 as of date: September 30, 2021
287,235,341 as of date: June 30, 2021
287,235,341 as of date: March 31, 2021
274,497,909 as of date: December 31, 2020
271,097,909 as of date: September 30, 2020
268,883,223 as of date: June 30, 2020
266,516,598 as of date: March 31, 2020
268,883,223 as of date: December 31, 2019

[Occasian]

This company sold more Private Placement shares, further diluting ALL Shareholders:
1,615,250 - Sold likely at discount of current prices. See Total Shares Outstanding.

Zero updates from Lin Yang. I would not recommend buying this stock any time soon as retail.

COMPANY OFFICERS & CONTACTS
Lin Yang - Interim CEO
Simon Yu - Contact Person (Basically got ousted and left the company)

BOARD OF DIRECTORS
George Wen - Chairman
Pyng Soon - Independent Director
Lin Yang - Interim CEO

OTHER COMPANY INSIDERS
Vanessa Le
Grace Li
George JingHua Wen
Chengcheng Zhang

None of them have said a thing about this company.

Looks like also in Oct 2021, they settled the lawsuit these Contractors brought on Nugs Farm.
https://www.pacermonitor.com/public/case/37867449/Montelongo_et_al_v_Valley_Harvest,_LLC_et_al
STIPULATION re33 Status Report Joint Stipulation To Dismiss The Entire Action With Prejudice [FRCP 41(a)(1)(A)(ii)] filed by Alejandra Montelongo, Andrea Montelongo, Rachel Montelongo. (Miller, Sebastian)

ALSO to note: Last Supplemental Info filed as of June 15:
On June 10th, 2022, the Board of Directors of the Company entered into a binding Stock Purchase Agreement with a private party (“Buyer”) to sell the Company’s Downtown Los Angeles Cannabis licenses.
In the terms of the agreement, the Company is selling its interest in their Downtown Los Angeles Cannabis permits and licenses consisting of a Store Front Retailer, Distributor, Manufacture and Medium Indoor Cultivation licenses to the Buyer for $3,800,000.
The Company plans to use the proceeds of the sale for operational expenses, capital expenditures and growth capital for its 6-acre cannabis cultivation in Northern California.
At the time of this notice, all parties have signed the binding Stock Purchase Agreement but closing deliverables are still in the process of being completed.
Pyng Soon.

This might not be reflected in the OS yet as well, as $3M would be a sizeable increase in over 5M NUGS stock if it's a convertible note. Get ready for more dilution bois.

Number of shares in the Public Float:
????????? as of date: July 1, 2022
90,327,895 as of date: December 31, 2021
90,327,895 as of date: September 30, 2021
90,327,895 as of date: June 30, 2021
90,327,895 as of date: March 31, 2021
90,327,895 as of date: December 31, 2020
90,327,895 as of date: September 30, 2020
84,827,895 as of date: June 30, 2020
71,427,895 as of date: March 31, 2020
62,177,895 as of date: December 31, 2019

Total Shares Outstanding:
368,431,587 as of date: July 1, 2022
366,817,287 as of date: March 30, 2022 (Updated)
359,034,687 as of date: December 31, 2021
287,300,141 as of date: September 30, 2021
287,235,341 as of date: June 30, 2021
287,235,341 as of date: March 31, 2021
274,497,909 as of date: December 31, 2020
271,097,909 as of date: September 30, 2020
268,883,223 as of date: June 30, 2020
266,516,598 as of date: March 31, 2020
268,883,223 as of date: December 31, 2019