$NUGS Overview - First Version - August 28, 2026
New CEO: Richard C Hawkins
Backstory
- Came off EM August 27, 2026.
- Court proceedings have eliminated $14.6M in legacy liabilities including $1.395M in convertible debt notes.
- No convertible debt as at end-2026 Q2 [source: 2026 Q2 Report]
- 2,701.104 Common shares cancelled + all 12,457,086 Preferred C shares cancelled.
- Richard C Hawkins controls the company via one Series B super-voting share which has no conversion rights - so no potential dilution to common shareholders.
Share Structure - As At August 27, 2026
Authorized Shares: 988,000,000
Outstanding Shares: 402,294,983
- Restricted: 138,937,236
- Unrestricted: 263,357,747
Held At DTC: 255,850,949
Note 1: It is only the Held At DTC Shares count that is relevant to immediate trading provided this was updated at the same time as the Outstanding Shares count
Note 2: Extremely thin to the upside with only 255M shares Held At DTC for a stock in the .0149 > .1 range
Trading After Coming Off EM
On August 27, 2026 - 1st day off EM - opened .0090 - hod .0899 - closed .0162 on 25M traded.
While on EM, there were 176 beneficial shareholders [source: otcmarkets.com], so any pre-EM holders who wanted to exit had ample opportunity to do so and probably didn't even realize $NUGS was now a Richard C Hawkins ticker as a number posted they had no idea why it was moving.
A number of traders who bought on August 27, 2026 undoubtedly chased to get at least a starter position knowing that it was a Hawkins reverse merger ticker which hadn't yet PR'ed the takeover and debt elimination, let alone the new business
On August 28, 2026, a number of significant, top OTC traders caught up with developments and were scaling in all day - all of it at prices slightly cheaper than the close the previous day - mainly through large ask buying - especially when calling the bluff of MMs who walked down asks in attempts to get bids fills and lost their shares on the ask almost immediately.
These included significant buys of 300K at .0160 (at open) - largest buy 880K - several 300K / 500K buys - and multiple 50K batches - majority overall in the .0120 > .0160 range - closed .0149 ask almost gone and paint down on .0147 bid - on a total of 6M traded.
Catalysts Ahead
Expect to see:
- Update to the Company Profile / Business Description at otcmarkets.com - the cannabis business shown was abandoned under previous ownership [source: 2026 Q2 Report]
- PR stating that Richard C Hawkins is the CEO and that there is a MOU / LOI for a reverse merger in a new business sector.
- Further PRs on a regular basis - perhaps as frequently as daily based on his other tickers - leading to surges, excellent trading opportunities and large spreads when bidders get left behind.
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Not a financial advisor - just stating what I'm basing my trading decisions on.
I will be holding some $NUGS in my portfolio throughout 2026 and into future years for the long-term, trading some on surges from the bottom up too and reloading on any dips.
New CEO: Richard C Hawkins
Backstory
- Came off EM August 27, 2026.
- Court proceedings have eliminated $14.6M in legacy liabilities including $1.395M in convertible debt notes.
- No convertible debt as at end-2026 Q2 [source: 2026 Q2 Report]
- 2,701.104 Common shares cancelled + all 12,457,086 Preferred C shares cancelled.
- Richard C Hawkins controls the company via one Series B super-voting share which has no conversion rights - so no potential dilution to common shareholders.
Share Structure - As At August 27, 2026
Authorized Shares: 988,000,000
Outstanding Shares: 402,294,983
- Restricted: 138,937,236
- Unrestricted: 263,357,747
Held At DTC: 255,850,949
Note 1: It is only the Held At DTC Shares count that is relevant to immediate trading provided this was updated at the same time as the Outstanding Shares count
Note 2: Extremely thin to the upside with only 255M shares Held At DTC for a stock in the .0149 > .1 range
Trading After Coming Off EM
On August 27, 2026 - 1st day off EM - opened .0090 - hod .0899 - closed .0162 on 25M traded.
While on EM, there were 176 beneficial shareholders [source: otcmarkets.com], so any pre-EM holders who wanted to exit had ample opportunity to do so and probably didn't even realize $NUGS was now a Richard C Hawkins ticker as a number posted they had no idea why it was moving.
A number of traders who bought on August 27, 2026 undoubtedly chased to get at least a starter position knowing that it was a Hawkins reverse merger ticker which hadn't yet PR'ed the takeover and debt elimination, let alone the new business
On August 28, 2026, a number of significant, top OTC traders caught up with developments and were scaling in all day - all of it at prices slightly cheaper than the close the previous day - mainly through large ask buying - especially when calling the bluff of MMs who walked down asks in attempts to get bids fills and lost their shares on the ask almost immediately.
These included significant buys of 300K at .0160 (at open) - largest buy 880K - several 300K / 500K buys - and multiple 50K batches - majority overall in the .0120 > .0160 range - closed .0149 ask almost gone and paint down on .0147 bid - on a total of 6M traded.
Catalysts Ahead
Expect to see:
- Update to the Company Profile / Business Description at otcmarkets.com - the cannabis business shown was abandoned under previous ownership [source: 2026 Q2 Report]
- PR stating that Richard C Hawkins is the CEO and that there is a MOU / LOI for a reverse merger in a new business sector.
- Further PRs on a regular basis - perhaps as frequently as daily based on his other tickers - leading to surges, excellent trading opportunities and large spreads when bidders get left behind.
=================================================================================================
Not a financial advisor - just stating what I'm basing my trading decisions on.
I will be holding some $NUGS in my portfolio throughout 2026 and into future years for the long-term, trading some on surges from the bottom up too and reloading on any dips.
Cannabis Strategic Ventures, Inc (NUGS) Stock Research Links
"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
