Cannabis Strategic Ventures (Cannabis Strategic Ventures) Long-Term Capital Lease Obligation : $7.11 Mil (As of Jun. 2020)

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What is Cannabis Strategic Ventures Long-Term Capital Lease Obligation?

Cannabis Strategic Ventures's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2020 was $7.11 Mil.

Cannabis Strategic Ventures's quarterly Long-Term Capital Lease Obligation declined from Dec. 2019 ($8.11 Mil) to Mar. 2020 ($7.62 Mil) and declined from Mar. 2020 ($7.62 Mil) to Jun. 2020 ($7.11 Mil).

Cannabis Strategic Ventures's annual Long-Term Capital Lease Obligation stayed the same from Mar. 2018 ($0.00 Mil) to Mar. 2019 ($0.00 Mil) but then increased from Mar. 2019 ($0.00 Mil) to Mar. 2020 ($7.62 Mil).

Cannabis Strategic Ventures Long-Term Capital Lease Obligation Historical Data

The historical data trend for Cannabis Strategic Ventures's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cannabis Strategic Ventures Long-Term Capital Lease Obligation Chart

Cannabis Strategic Ventures Annual Data

Trend

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Long-Term Capital Lease Obligation

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7.62

Cannabis Strategic Ventures Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															9.40	9.15	8.11	7.62	7.11

Cannabis Strategic Ventures (OTCPK:NUGS) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Cannabis Strategic Ventures (Cannabis Strategic Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannabis Strategic Ventures (OTCPK:NUGS) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

9350 Wilshire Boulevard, Suite 203, Beverly Hills, CA, USA, 90212

Website

https://www.cannabisstrategic.com

Cannabis Strategic Ventures focuses on the medical and legal recreational cannabis sector. It provides temporary, permanent, and long-term staffing solutions, employment and human resources consulting to the legal Cannabis sector.

Executives

Gordon Samson	director, officer: Chief Financial Officer	9595 WILSHIRE BLVD., SUITE 900 BEVERLY HILLS CA 90212
Dane Brown	director, officer: VP, Corporate Development	9595 WILSHIRE BOULEVARD, SUITE 900 BEVERLY HILLS CA 90212
Christopher G Foster	director, officer: CFO, Secretary & Treasurer	5151 E. BROADWAY, SUITE 1600, TUCSON AZ 85711
Robert Hoegler	director, 10 percent owner, officer: President	#604 7040 GRANVILLE AVENUE RICHMOND A1 V6Y 3W5
Floyd Flaman	director, 10 percent owner, officer: SECRETARY/TREASURER	5621 52ND STREET DELTA A1 V4K 2C7
Scott Marshall	director, 10 percent owner, officer: President	2435 WEST 7TH AVENUE VANCOUVER A1 00000