Replies to post #23429 on Cannabis Strategic Ventures (NUGS)

[Eternalist]

I am not happy with it either.
The float went up substantially and the Going Concern section tells it all.

NOTE 3 – GOING CONCERN
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business.
As reflected in the accompanying financial statements, the Company had an accumulated deficit of approximately $59.8 million at March 31, 2022, and net loss of $8,596,634 for the year ended March 31, 2022. These factors among others raise substantial doubt about the Company’s ability to continue as a going concern.
While the Company is attempting to commence operations and generate revenues, the Company’s cash position may not be significant enough to support the Company’s daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to
generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues.
The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

[Mattie711]

IMO-Simon Yu, Jimmy Chan, Joe Noel, and Arman Tabatabaei working together for years - on just another scam. More involved, but not worth the time to list.