Some beach.....Some where
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Good call out on the press release Craig. Two words stand out: "Contingent" and "Q4 2021".
We already know that the new facility completion has slipped into Q1 2022. I'm curious whether it affords Cookies (or NGWY) to back out. Hope not.
It has also been agreed that contingent upon the completion of Next Green Wave's new cultivation facility, expected in Q4 2021 (see press release HERE), a portion of the new production will be allocated to the COOKIES brand.
I think we'll have to agree to disagree. Texas found out how vulnerable renewable energy was this Spring.
Don't get me wrong. I really like renewal able energies (and use them) however they don't stand up to the performance and durability of traditional energies.
Enough said.
Good post didint. Thank you.
I see mention of a new pre-rolled product line, how NGW was presence in 75 outlets, and how construction has begun on the new facility. I wish the monthly report would have mentioned an update on progress being made with Cookies.
Should be used as supplement or backup. Never primary.
That's a bold statement. It would only achieve $5 were something cataclysmic to occur. What could that be? The company being sold OR start of the 250k facility?
Baked in a Cookies store. Makes sense.
I wouldn't be surprised if the new facility leveraged some of the smart technologies to help offset some of the expense of energy high bills.
Green energy is a good supplement source but shouldn't be used as primary source.
Harpo,
Does your calculations include Cookies?
lol....point taken
I like that thought....
Allowing uncontrolled MJ usage does not sound like a winning strategy.
All it'll take is for a high profile accidents involving cannabis impaired operators to enrage the public.
Brace yourself.
Nam was correct when he stated that the "toothpaste is out of the tube".
That said, my only concern surrounds the societal effect. We have 50K+ DUI deaths on American highways each year. Will another 50K be in the offering if cannabis is legalized? That and how will it be marketed...On TV? By Cheech and Chong?
Outdated laws....and congressional approval are two different things.
There are a lot of political forces on each side of the isle.
AND...
Just got their license renewed AND just began construction on a new site AND is performing a feasibility study on building a 250k sq ft. light-dep facitility.
NXGWY is doing fine without any stimulus. I would encourage to not take the money...if offered.
Did you happen to see that Chuck added a comment to the Instagram post. Good to see that's he still in the game.
Legally....the growers can not however, since the State is causing the problem, expect them to come up with an interim solution...like an extension
Welcome back sir! Jump in the waters warm!
Good post didint....Thank you
What I would add to readers is: First watch Pronks series on how to read financial statements (all three). Thereafter the deep dive into NXGWY will make perfect sense.
Harpo, check out Pronks YouTube review of the Q1 financial reports if you have the time. He does a excellent review of NXGWY financials. He's projecting a 10x return if things go well for the organization
Cheers/
My pickup over-flowth!
Harpo, .73 has been breached.
Hopefully this time the assent will be mildly incremental instead of a roman candle.
Pronk is got a new video on NXGWY...he's advocating a 10x return
He's provided a REALLY good analysis of the recent earnings report
Thanks didint. Good post
As I thought: Government is the bottleneck.
If government is the bottleneck, they'll devise a workaround to keep the companies licensed. No way is Sacramento going to prevent themselves from getting the revenue that Cannabis is projected to bring in.
Dug up some information on light dep green houses
https://fullbloomlightdep.com/light-deprivation-greenhouse-versus-indoor-growing/
More:
3. Inventory March 31, 2021 December 31, 2020
Harvested cannabis $ 331,876 $ 172,957
Packaged cannabis 34,822 143,815
Concentrate 201,991 381,697
$ 568,690 $ 699,469
Basically its saying that inventory is down because they can't keep it on the shelf
Here's more:
Income (loss) from operations ) 2,402,783 (2021 vs (4,468) (2020)
NXGWY is making a lot of cash from Operations. You can see it reflected in their cash position year-over-year (up over 100%). They have 7M in the bank and its growing.
What I'd like to see are: 1) an update on the progress for the new facility and 2) how's their license renewal progressing. Those would provide increased visibility and shareholder confidence.
Whoa!
Did you catch the second statement in the notes:
In 2021, the Company will:
- Construct a 50,000 square foot facility (“Facility B”), which is immediately adjacent to Facility A to accommodate the
expansion of the nursery, flower manufacturing and distribution operations.
- Evaluate plans to develop a light deprivation 250,000 square foot greenhouse on Lot D (“Facility D”).
I looked over some of the companies...all but one are profitable.
If profitable seems to be the benchmark, why isn't NXGWY on the list?
What say others?
Cannabis works for companies having smart business acumen. Gone are the days of hype and euphoria. Entities within the industry will have to demonstrate the ability to become profitable or they will be no more.
The rocket ship for American cannabis companies will take off as soon as restrictions (banking and drug classification) are eased by the Fed.
lol....that falls in line with America's problem with obesity....too much is not good
A great concept: serve munchies to patrons following a blunt. A good 2-fer
Filling up the back seat now. Order in.
You revealed what your limit was. I went in just above it.
Large order filled....trying to fill the glove compartment. Please sell
Never chase a stock.
There's still room in the back of the pickup. Please sell!
I'm willing to bet so