Some beach.....Some where
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Neither will defeat Trump.
If true.....1000%+ revenue jump?
How long has it been? Two weeks? Take some deep breaths.
Their being paid, enlarge, with stock options. They have a vested reason to perform. If after earnings, there's still crickets, vent away
Stick a fork in them....they're done
They need money and the chance of getting it in a sector that's in a free fall likely will not happen.
Cash is king
Funny....that my state of residence, TX, has a high price...Yeehaww!
LOL...Agreed
We'll know alot by the manner in which the report is given. If its positive , I'd expect it to include an announcement. If its bad, expect it to be like last time when it was slipped under the door Friday evening.
I don't know that they could be quantified however it should be self evident whether they're on the right track or not.
It could be "dismal" if earnings comes in under expectations.
What you'd expect to see in a growing competent company.
Or cannabis has become kryptonite
To my point, MedMen, Aurora, Sundial have all seen C class officers leave.
HD...your analysis is spot on: "Cash-flow-positive". If NGW can't do it by EoQ 2, 2020, I'm out.
Not to be a boo bird, but there have been a rash or C class officers leaving cannabis companies. You have to question who's up for the job
Good point
Hi Harpo, I use the following site for cannabis benchmarks.
https://reports.cannabisbenchmarks.com/
I feed that it matches today's market prices better that speculative reporting.
That doesn't make sense Chuck.....If NGW is holding to their business plan, they're producing a harvest every two weeks. Where's it going if their not selling it?
Thank goodness I don't smoke pot.
It wasn't the gold miners that made a fortune during the gold rush, it was the marketers who sold them picks and shovels.
That would be nice.
Bingo.
Caroline got back to me about Building C. It won't be completed in Q1 as forecasted. Q2 2020 is now the new target date. Building C. is supposed to be the new extraction facility. She indicated that shareholders should expect to see information about it in upcoming financial reports.
Go figure (???)
https://finance.yahoo.com/quote/NXGWF/key-statistics?p=NXGWF
A penny isn't enough to quibble over. Cheers/
Profit taking and buying back in on the dips is a good investment strategy.
CD? Yahoo has the 50 day average .082 for OTC
Profit taking....to be expected.
Profit taking....to be expected.
I would be surprised to see profit taking tomorrow. Up almost 50% within a week is tough to pass up.
Harpo...we're hoping that NGW eclipses the .10 (OTC) resistance barrier you made mention of a couple of days ago.
The news works really well with understanding that NGW is supposed to have an extraction building completed in Q1 2020. I think they referenced it as site C.
We need a higher high first. That would be at .10ish on the OTC
Cali nearing insolvency. The politicians see blood in the water. They'll find ways to curb the black market if it means more tax revenue.
Once the politicians get wind of how much tax revenue will be brought in, they're all for it.
I have to ask....where a merger or buyout to occur, what value is it when its in a sector that's already in the tank?
Well stated HD. Point taken
I like those thoughts
A merger would bring relief
If this is the "Big News"....its a yawner. I'd be more impressed with earnings/sales news than the announcement of additional layers of corporate bureaucracy. My $.02
If my recollection is right, operating a dispensary requires a separate state license. NGW doesn't (or didn't ) have the license last I was aware.
I read something information about some MJ companies having success during the downtrend. There was one out of FL which I thought insightful. Their success was largely based upon the number of outlets that were be spun up. More dispensaries means more money. Dispensaries, dispensaries, dispensaries is the key to this riddle.