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Marijuana sales ‘on fire’ as demand spikes amid coronavirus outbreak
https://www.ocregister.com/2020/03/17/marijuana-sales-on-fire-as-demand-spikes-amid-coronavirus-outbreak/
Cannabis sales at record highs, cannabis sp's at record lows. Bizarro World for sure.
Good trade. Putting it on my watch list.
Agree NGW will have its day once the sector recovers.
They seem to be producing product at record levels.
Currently 12 NGW products at Columbia Care. Up from 10 on my last check.
gl
CBD Sales Soar as Coronavirus Spreads
https://theweedblog.com/culture/cbd-sales-coronavirus
Hart Luck CBD could be a big seller right now.
https://hartluckcbd.com/
Mike dropped new video on Instagram of Forum Cookie strain getting ready for release next week. Wedding Cake and Forum Cookies on the menu... Yummy.
Amid coronavirus, Canadian cannabis stores see ‘unprecedented’ sales surge https://mjbizdaily.com/amid-coronavirus-canadian-cannabis-stores-see-unprecedented-sales-surge/
Panic buying could go on for months, until cv cases start coming down. Then it should reset back to normal sales increases like it was before. imho
China shows COVID-19 Coronavirus can be ‘stopped in its tracks’ https://news.un.org/en/story/2020/03/1059502
COVID-19 restrictions sparking a run on cannabis stores
https://www.leafly.com/news/industry/covid-19-restrictions-sparking-a-run-on-cannabis-stores
March could be a record month for cannabis sales nationwide.
Man I hope this is strategic selling to help fund the company, but it could be a terminated executive cashing out. That sometimes happens after a change in leadership. But cashing out on a low volume stock under 10 cents would seem unnecessarily punitive. Either way the company is still selling top quality cannabis for premium prices even on the down days. I'll buy more when it finally hits bottom :) glta
Agree with your $4M-$5M projection, but not until Q3 if the extraction facility is dialed in and operating at full capacity. Third party extraction takes time since they are busy with other orders. Once NGW has in-house extraction that won't be a problem. imho gl
Unless I'm mistaken the $650K would be reported in the current quarter (Q1), and the remaining $350K in sales would be reported either in the upcoming Q4 report or broken up between Q4 and Q1.
The reason I think most of the $350K will be in the Q4 report is that the track and trace implementation issues could have held up sales in Q1 until just recently. Either way exciting times for NGW:) gl
Have a feeling some of Q1 was spent dealing with track and trace supply issues, but NGW still has most of March left to sell those concentrate Mike showed us. Maybe bump the quarter up to $1M+ for another nice quarterly increase around 300%. Q2 will be the first true indication of what the full production operation is like revenue wise. Thinking $3M-$4M top line and cash flow positive. Optimistic guesstimate :)
My takeaway on the $1M in sales is $650K in Q1, and $350K was mostly Q4. If so the earnings pr should lead with NGW increases sales 420% in Q4 from $83K to $350K. That could grab some positive attention.
Here's some Black Jack strain info from Hytiva.
https://www.hytiva.com/strains/hybrid/black-jack
Episode 58: The Science Behind the Cannabis Experience with Dr. Adie Rae
http://cannabiscultivationandscience.libsyn.com/episode-58-the-science-behind-the-cannabis-experience-with-dr-adie-rae
Pretty crazy how fast things are moving now. Mike just posted video of new concentrate products on Instagram. He shows four different strains that look like first press rosin to me. According to the labels it appears to be 400+ grams per jar, and I counted 18 jars in the one box he showed. First Press Rosin sells for around $40-$60 per gram at March and Ash. If you use $50 we could be looking at $360,000 in product retail. Won't know for sure until it's priced online. Product looks amazing. Great job NGW!!! gl
No Jumper Fire OG Flower is new on Columbia Care's website. Also new is King Louie Dementia (Flower), Junkyard Northern Lights (Vape), and Junkyard Clementine (Vape).
Missing since my last check is SDC Platinum Cookies (Flower), SDC Sherbet (Flower), and Sketchy Tank Sherbet (Vape). Guessing they sold out.
Currently 10 NGW products showing, compared to 8 previously. Progress. Like!!!
Might do the same. Director Coleman has a solid resume from the military and private sector. The CEO also has a military background. Not the type of guys that say things they can't deliver. Time will tell, but I feel comfortable with this investment. The sp seems too low for the o/s x the potential. imho
Grabbed a few 9s myself. Thinking the company is due for a update on the Flower Pharmaceuticals installation. They need to show progress with healthy plants growing using INQD's aeroponics to get some upward traction. Two months now since they began the installation in CO. Might be seeing plants on Facebook any day now. The sp could use some good news :) GL
Citizen Stash announces new strain on Twitter. Like!!!
#Spring is around the corner and so is Sunset Sherbert! Sun with rays Ice cream Rainbow
#Spring is around the corner and so is Sunset Sherbert! ☀️ 🍨 🌈#StandForSomething #Cannabis #CannabisGrow pic.twitter.com/KydOvwgEVh
— Citizen Stash (@CitizenStash) March 10, 2020
**NEWS** Next Green Wave surpasses US$1M in net sales
https://www.proactiveinvestors.com/companies/news/914760/next-green-wave-surpasses-us1m-in-net-sales-914760.html
GLTA
By comparison NGW is projecting more net revenue in 30 days than TGOD just reported for a full quarter. Market valuations are whack right now. Nice bump on the news :)
California cannabis consumers have a lot of products to choose from so it's all about branding. NGW was smart to partner with popular artists and athletes to help them stand out in a crowded market.
Here's a oldie but goodie when King Louie visited the NGW facility.
If Mike were to land a large supply agreement with CVS, NGW would need to use third party labs for a order of that magnitude.
Products are still available so maybe they will survive at a smaller level.
NGW products available at Columbia Care SD.
SD Cannabis Whole Flower-
Dementia, Hybrid, 3.5 grams @ $55
GG4, Hybrid, 3.5 grams @ $55
Pineapple Upsidedown Cake, Hybrid, 3.5 grams @ $55
Platinum Cookies, Hybrid, 3.5 grams @ $55
Sherbet, Hybrid, 3.5 grams @ $55
NGW Vape Cartridges Available-
Sketchy Tank, Clementine, 1 gram @ $45
Sketchy Tank, Northern Lights, 1 gram @ $45
Sketchy Tank, Sunset Sherbet, 1 gram @ $45
Looks like Mike and staff have been working overtime :) Like
SD Cannabis has three Vape Cartridges for sale at March and Ash.
Junk Yard, Northern Lights, 1 gram @ $40, THC:80%
King Louie, Clementine, 1 gram @ $40, THC:80%
King Louie, Sunset Sherbet, 1 gram @ $40 THC:80%
Like :)
Nice photo and review of Cherry Punch :)
https://www.reddit.com/r/RecPics/comments/ffhbe9/blkmkt_cherry_punch_2723_thc/
The sector may be tanking, but GTEC still growing the fire. Like :)
**NEWS** Biome Grow announces strategic updates amid cannabis market uncertainty
https://www.proactiveinvestors.com/companies/news/914589/biome-grow-announces-strategic-updates-amid-cannabis-market-uncertainty-914589.html
Hate to see a craft grower struggle like this. It appears the Highland Grow facility will stay in operation. I'll keep it on my watchlist, but for now I'm out.
Biome's Highland Products now available at The Pot Shack, Wiid Boutique, and Prairie Records in SK. They've been going in and out of stock so they must be selling out and reordering. Both pre-rolls and whole flower are currently in stock with high THC% in the mid 20s. Financials due this month :)
DEA Admits Legalization Reduces Black Market Demand
https://www.ganjapreneur.com/dea-admits-legalization-reduces-black-market-demand/
The black markets heyday appears to be over. Junk products not fit for human consumption. They will eventually have about the same amount of market share that moonshiners have of alcohol sales. Not much.
California Lab Finds 80% of Illicit Vape Cartridges are Tainted https://www.ganjapreneur.com/california-lab-finds-80-of-illicit-vape-cartridges-are-tainted/
People still buying from the black market are crazy. Not only the vapes, but the flower laced with pesticides. Best to stick with licensed and regulated companies like NGW even if it costs more.
Federal prosecutors investigate California marijuana companies in wide-ranging probe https://www.marketwatch.com/story/federal-prosecutors-investigate-california-marijuana-companies-in-wide-ranging-probe-2020-03-02
Looks like NGW's non compliant competition might be going away. Like :)
Tell him to stay away from SDC concentrates:)eom
And actually it's a reasonable selling price for the quantity of THC you're getting. Some of the other 3.5 gram packs are selling for more with less THC. This product should move at $55 with customers shopping for high THC. Which is everyone :)
Wait until you start pricing out the concentrates. Seems like NGW has picked Bear Labs 710 as their temporary concentrate maker while NGW waits on the PG&E hook up. NGW didn't mention them by name in the press release, but mikeloudseeds mentions them on instagram regarding future concentrate products. Currently Bear Labs 710 is selling King Louie OG LS 1st Press Rosin @ $62 per gram. Interesting.
Mike specifically mentions concentrates being made from NGW's Blue Cookies, Fire OG, San Fernando Valley OG, and Sunset Sherbet whole flowers. He mentions the SVG OG is being made into Diamonds and Sauce concentrate, which is a powerful and popular concentrate.
Mike's been doing a good job recently keeping investors informed on Instagram. Will be watching March and Ash for SDC concentrates, and will post prices when available. gl
March and Ash has three SD Cannabis flower strains for sale.
Fire OG 3.5 grams @ $55 with 20.9% THC
Black Jack 3.5 grams @ $55 with 22.4% THC
San Fernando Valley OG 3.5 grams @ $55 with 25.5% THC
No pre-rolls yet, but Fire OG pre-rolls went out for testing last week according to mikeloudseeds instagram post. Progress. Like :)
Good points HD, and some of the reasons why I continue to add at this level. Another is the high margin mass producible SDC concentrates about to enter the market.
Once licensed NGW will have the same sized California extraction facility (15,000 sq ft) as Halo Labs, which produced $7.2M in concentrate revenue in their last quarter ending Sept 30th 2019.
Another revenue catalyst is the roll out of the Botticelli planlets for commercial growers. Hopefully they will be for sale before the outdoor growing season begins. Cultivators should want the safety of disease free clones to help avoid crop failure. NGW will be a first mover in this sector.
Nothing has really changed to alter my opinion of NGW's potential. Just get to buy it at fire sale prices now. Same is true for all my micro crafts now selling under 10 cents. Crazy oversold. imho glta
ZENA's competition during earnings season.
New Cannabis Ventures calculates ZENA as a Tier 2 cannabis company based on revenue. Along with TerrAscend, Emerald Health, WeedMD, Vivo, Delta 9, and Supreme. This is ZENA's competition, not Canopy, or the other larger Tier 1 LP's. The metrics of ZENA's LP peer group is what I'll use for evaluation. Everything else is just wishful thinking.
Supreme reported 9M net revenues, with a 17M net loss. ZENA's sp is .09 CA, Supreme's .27 CA. If ZENA can beat Supreme's numbers with one third the share price, and close to the same O/S, that would tell me something useful. If ZENA can break 10M in cannabis revenues they would move to Tier 1, which would be good for the exposure with the big boys. Believe they might make it this time. We'll see soon :)
Canadian Cannabis LP Tier 2 Index
https://www.newcannabisventures.com/canadian-cannabis-lp-tier-2-index/#constituents
Westleaf/Decibel is hiring for The Plant extraction facility in Alberta on REDHIRED. Hopefully this means the concentrates sales license is getting approved soon :)
They should call their next brand Milestone :)
Highland Gaelic Fire Video Review.
NEWS- Heritage Cannabis Reports 2019 Year-End Financial Results
https://investingnews.com/daily/cannabis-investing/heritage-cannabis-reports-2019-year-end-financial-results/
Heritage is becoming the go to concentrate maker for craft growers. Like :)
And they might crack the beverage market before CGC as well. Last I heard CGC was having problems with THC sticking to their can liners. Too bad for them, good for ZENA.
Zenabis Stock Could Be Saved By Infused Beverages
https://potstocknews.com/zenabis-stock-saved-infused-beverages/
Nice to know other people are buying Biome besides me :) The CEO of Biome said that the Atlantic Province customers support Atlantic growers. Not surprised that they are #1 in Nova Scotia with the reviews they are getting on Reddit and Twitter. They have a new strain out now called Highland Gaelic Fire with with 26% THC.
This company is so lightly traded that when it finally gets noticed it shouldn't be too bottom heavy to take off on good news. At least that's what I'm hoping. Expecting a nice revenue increase on the next quarterly, which should be soon. I've been loading up at these levels on all my favorites. Appreciate the update on sales. Stop by any time. It's lonely in here for now :) gl
Gaelic fire/the Highlnds/Nova Scotia
https://www.reddit.com/r/RecPics/comments/fa2iru/gaelic_firethe_highlndsnova_scotia_nslc/
Canadian cannabis review highlands Gaelic fire
https://www.reddit.com/r/canadients/comments/f8c8wg/canadian_cannabis_review_highlands_gaelic_fire/