Geometry Dash APK Hill Climb Racing APK
47.2 F
New York
Wednesday, January 19, 2022

Three Trends Powering Cannabis Strategic Ventures (OTCMKTS:NUGS)

Must read

88 Energy Limited Ltd (EEENF) Update: Continues Climbing on Significant Volume

Investors who might be looking for stocks that have made considerable gains in recent weeks could consider having a closer look at...

Victory Resources Corporation (OTCMKTS:VRCFF) Stock Rockets After Announcing A New Acquisition

Nowadays, lithium is in huge demand across several industries and hence, it the rally in the Victory Resources Corporation (OTCMKTS:VRCFF) stock the...

Healthier Choices Management Corp (OTCMKTS:HCMC) Heats Up: WallStreetBets at it Again

At the mid-point of the trading week, it is often prundent for investors to take stock of the market and take a...

Is Enzolytics Inc (OTCMKTS:ENZC) Making All The Right Moves in 2021

When a stock makes massive gains over a reasonable period of time, then it is necessary for investors to perhaps looking into...

The next wave in the pot stock space appears to be underway, with fresh election catalysts on the way in November, when a number of US states will vote on legalization, powering stocks like Cannabis Strategic Ventures (OTCMKTS:NUGS) higher in anticipation. We point to NUGS because the company has started to put together an interesting narrative that is working on multiple dimensions, with increasing production capacity, expanding sales volume, and widening profit margins all reinforcing the picture right now.

This last point on expanding margins was recently highlighted when the company announced that recent sales from its latest harvest earned unit pricing at a strong 11% premium to current industry-standard benchmarks for cannabis sales on a per pound basis. According to cannabisbenchmarks.com, cannabis sales in the U.S. currently average roughly $1,525 per pound. The company has transitioned from selling at a discount relative to benchmark levels six months ago to now selling at a premium to benchmark levels, with pricing in recent sales coming in at approximately $1,700 per pound.

Cannabis Strategic Ventures (OTCMKTS:NUGS) is actually one of the most rapidly growing stories in the cannabis space, with a strong presence in the California cannabis marketplace showing consistent growth on a sequential monthly and quarterly basis. Q2 2020 appears to be a breakout quarter for the company, so we would expect traders will be hearing more and more about the stock as we move forward this year.

In addition, the company has recently successfully expanded its production capacity by as much as 150%, more than doubling harvest size as a result. That expansion was necessary to keep up with demand as overall top-line sales have increased rapidly during calendar Q2, with the monthly pace of sales this quarter on pace to average more than 800% above the average monthly pace seen in calendar Q1, leaving the Company now on a pace to exceed $10 million in annualized sales of cannabis products.

According to company materials, “Cannabis Strategic Ventures Inc. (OTC: NUGS) is one of the largest publicly traded marijuana cultivators in the United States. The Company is Los Angeles-based and incubates, develops and partners with category leaders within the cannabis and ancillary sectors. The Firm’s NUGS brand experience provides operational and financial strategic partnerships and a range of essential services to emerging and existing Cannabis consumer brands.”

Find out when $NUGS reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

As noted above, NUGS just announced that it is seeing better pricing, which is translating into widening expectations for bottom-line performance. This follows recent announcements about expanded production capacity and a dramatic jump in top-line growth.

Shares of the stock are beating the wider space as well, with NUGS pushing over 100% higher in the past two months on steadily ramping trading volume.

As for the company’s latest announcement of widening margins based on better pricing, management had this to say: “We have seen a steady improvement in per pound pricing driven by improving quality mostly as a consequence of better operational execution at NUGS Farm,” remarked Simon Yu, CEO of Cannabis Strategic Ventures. “It also represents another signal that we are heading in the right direction in terms of our core objectives: expanding production capacity, expanding sales volume, and expanding profitability on a per unit basis.”

Earning a current market cap value of $21M, NUGS has a store ($222K) of cash on the books on trailing 12-month revenues of $2.9M. In addition, the company is seeing recent top-line growth, with sequential quarterly revenues growing at 91.4%. This is an exciting story, and we look forward to a follow-up chapter as events transpire. Sign-up for continuing coverage on shares of $NUGS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $NUGS, either long or short, and we have not been compensated for this article.

Latest article

iQSTEL Inc (OTCMKTS:IQST) Stock Makes a Big Move: Jumps 45% In a Week

In the past week, iQSTEL Inc (OTCMKTS: IQST) has emerged as a point of focus among a large number of investors and...

HUMBL Inc (OTCMKTS:HMBL) Stock Sees Big Bounce After Recent Slump

Since the beginning of 2021, HUMBL Inc (OTCMKTS:HMBL) had been one of the major movers from among penny stocks and had come into...

Dividend Stocks to Buy Now

A classic mistake that investors make when looking for dividend stocks is to just go for the biggest dividend yield. It makes...

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service