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Hi Guys,
Merry Christmas to everyone!!! Stay healthy and safe for all.
Clonemaster,
I guess that you just do not understand the business plan of NGW.
They have a unique goal in the California market place as stated by management early on since they have started their business.
NGW goal is unique and they are striving to be the premium Cannabis growing company in California.
They care not about alliances, partnership unless it can add to their goal. NGW is not about to sell short for not a lot of money their years of expertise in the Cannabis growing capabilities.
They care not about being the largest with the most pounds per month of Cannabis grown.
NGW is about building their business and the name of NGW for premium Cannabis sold thru out California.
It seem to me the California market for Cannabis will continue to grow. And it will be 3 years at least for NGW to saturate the California market place for Cannabis and all of its products.
So there you have it my friend. Just reread the company web site and you can easily see the direction that NGW is taking their business.
And for me it is the best reason that I have invested my money with NGW.
Buying more as funds become available.
GLTA
Hi Guys,
Good post Sam 1992!!
On another topic. CEO do we need one now or not??? Big question but for me a very clear answer.
For me Mr Jennings and the BOD have clearly presented their business objectives for the next 16 months.
That is in summary.
1. Continue to expand the NGW branded products distribution throughout California. That is increase the sales of Rolls, Vapes, Lotion, and gummy bears.
2. Start up and expand the in house use of and sale of the NGW clone seedlings using the Boticelli cloning method.
3. Startup the in house extraction capability using the NGW unique no chemical extraction process. And promote products with this no chemical proess in their creation.
4. Design, Engineer, and build the next 50,000 square foot Cannabis grow facility.
5. Begin to yield Cannabis flower and trim from the new 50,000 square foot Cannabis facility. Sell more Cannabis jarred flower and extracted product from the added Cannabis capacity of new facility.
These are major business goals for NGW. They are stated by the company and are specific in their nature. They are operational and no not need a CEO to deliver their results. Mr. Jennings and the NGW team have shown that they are fully capable of carrying out the day to day operations of their existing business. And Ryan Lange and the sales group has shown that they know how to service and sell to the California distribution market for Cannabis product.
So this takes NGW into the second half of 2022. The final Cannabis flower grow facility D build out schedule is announce and likely in the build out stage. At this time for me it would make business sense to add a CEO with much Cannabis market knowledge that would/should/could be able to take NGW into the next level of their growth. This person would have Cannabis business knowledge and market experience needed at this point for NGW. And the correct person would/should/could be able to take NGW to the next level. Expand further in the California Cannabis market, either by NGW retail stores or more products placement in existing retail market combination of both. And also begin business plans to take NGW to their next growth market outside California. Wherever that might make sense at that time.
This would be my call using my many years of business experience. And if I was on the BOD.
Buying more as funds become available.
GLTA
Hi Guys,
Chuck29, I just blocked your posts on my account.
I do not care for your choice of words.
GLTA
Hi Guys,
Chuck, Ben Kovacs was a terrific choice by Mr. Jennings to join the BOD. He is a money man with many milestone and business accomplishments.
And when in sometime in 2022 when NorCal and NGW get married or joined at the hip you will know the reason why.
And if you are still long the NGW stock at that time you will have a big smile on your face and a lot of greenbacks in you pocket. In my somewhat informed opinion.
Buying more as funds become available.
GLTA
Hi Guys,
Chuck really what do you really expect from a company that has only been growing Cannabis for about 18 months. And really just started to fill in its grow and harvest capacity for the last 4 months.
NGW is a baby start up micro cap. They have a plan.
How many companies of which you might be invested in do you actually have a clear vision as to its path to revenue and profit growth.
Get real...…….sure we would all like to see multiples of the current sales revenue. And we will all just have to be patient as the business plan develops.
And if you are so impatient, well it is just ok to take your profit and or loss at this point and move on.
Buying more as funds become available.
GLTA
Hi Guys,
For me yesterday was an affirmation of the stated NGW grow plan.
Colainga, California is confirmed as the NGW operating base for the next several years.
NGW stated that they are sold out of flower each month. However sales will continue grow as NGW continues to expand its branded products, of Cannabis base, rolls, vapes, lotions, gummys. And also starting in the first quarter of 2021 seedlings.
Mr. Jennings ( I will now only use the tag name Mr. Jennings out of respect for his accomplishments) stated that the company currently sells 40,000 3.5 oz. Cannabis flower jars each month. High quality flower retails for $80 per 3.5 oz. jar. So lets say NGW wholesales the item at $35 each 3.5 oz. Cannabis flower jar.
That give NGW a base sale $$ of $1,400,000. Can NGW it small flower and plant trim to support the additional product branded offering. In addition they can purchase high quality trim and use this to expand their product capacity each month.
For me it seems very reasonable that NGW will be moving its sales upwards toward $2,500,000 per month by the end of the first quarter of 2021. That makes the run annual sales run rate of at lease $30,000,000.
So, for me I am not selling any of my shares. In fact I am adding to my position. And will continue to do so. The valuation of the current NGW selling price is just undervalued by any financial metric that you might apply.
For all not to worry. Just remember that NGW is just getting started. And that they have a detail business plan that they have shared with the public. Lets fast forward to end of the second quarter of next year as the sales growth is easily showing that the building expansion will be paid for by profits. What will the share price be at that point. Much higher in my opinion for sure.
It will take some time but those of us that are willing to wait will be greatly rewarded.
NGW will get it market recognition sooner than later.
And the valuations in its share price will swing upwards to a much higher valuation.
Buying more as funds become available.
GLTA
Hi Guys,
For me this is the news that I was hoping for. Expansion on their existing land. And just great to hear C of O by the 4th quarter of 2021!
Capacity at 20,000 pounds per year. Increase of 150% capacity.
So ok new numbers to consider. Current run rate per Mike at $20,000,000 per year. And lets say by end of first quarter 2021 they are at $24,000,000 per year.
20,000 pounds per year future capacity / 9500 pounds per year current capacity = 2.22 times.
So, $24,000,000 x 2.22 = $53,280,000 sales run rate by the third quarter of 2022.
$53,200,000 x 3 times price to sales = $159,600,000
Lets use shares outstanding by end of next year at 180,000,000
$159,000,000/180,000,000 = $.89 price per share.
Buying more as funds become available.
GLTA
Hi Guys,
If you drill thru yahoo finance for the details RWBYF has a similar capital structure to NGW.
Also their current revenues are approximately $6,000,000 per quarter. However they are loosing money.
And their valuations are at or about P/S of 4 x.
What is interesting to me is that RWBYF was able to engage financing of $60,000,000 at 7% interest.
So the big question ………..why is NGW price being held down so low.
I just guess that we will have to wait until the news is released.
Buying more as funds become available.
GLTA
Hi Guys,
Not RWBYF but a look at NGW future
GLOBENEWSWIRE 11:00 AM ET 12/17/2020
Symbol Last Price Change
RWBYF 0.5104up 0 (0%)
QUOTES AS OF 12:00:00 AM ET 12/16/2020
Proceeds to be used to acquire THC license and assets in Illinois, repay 12% coupon debt with lower 7% coupon debt, and improve working capital position
TORONTO, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Red White & Bloom Brands Inc.(RWBYF) (“RWB” or the “Company”) has executed a Term Sheet for a US$60,000,000 (Sixty Million) non-revolving credit facility (the “Credit Facility”) with an arm’s-length institutional lender (the “Lender”).
The Credit Facility will be provided by the Lender under a credit agreement (the “Credit Agreement”) to be entered into between the Lender, a wholly owned subsidiary of the Company (the “Borrower”) and each of the Company and MichiCann Medical Inc. (another wholly owned subsidiary of the Company) as Guarantors.
The aggregate principal amount of the Credit Facility will be US $60,000,000 (the “Credit Facility Limit”) with a 3 year term and will bear interest at 7 percent per annum. The Credit Facility will be advanced in two tranches:
(a) US$40,000,000 shall be advanced on initial closing; and
(b) US$20,000,000 shall be advanced upon the closing of a transaction to acquire a THC licensed entity and associated assets in the State of Illinois, for which the company has executed definitive agreements (the “Proposed Target”).
The use of proceeds of the Credit Facility will be used for: (i) the retirement of certain existing indebtedness; (ii) the acquisition of the Proposed Target; and (iii) for working capital and general corporate purposes.
The transactions set out in the Term Sheet are subject to a number of terms and conditions including the completion of the necessary definitive documents for the Credit Facility, due diligence, regulatory approvals as well as other requirements that are customary when entering into transactions of this nature. Additional details about the Credit Facility will be available in the Company’s filings which are available under its profile on SEDAR at www.sedar.com following the closing.
About Red White & Bloom Brands Inc.(RWBYF)
The Company is positioning itself to be one of the top three multi-state cannabis operators active in the U.S. legal cannabis and hemp sector. RWB is predominately focusing its investments on the major US markets, including Michigan, Illinois, Massachusetts and California with respect to cannabis, and the US and internationally for hemp-based CBD products.
For more information about Red White & Bloom Brands Inc.(RWBYF), please contact:
Tyler Troup, Managing Director
Circadian Group IR
IR@RedWhiteBloom.com
Visit us on the web: www.RedWhiteBloom.com
Follow us on social media:
Twitter: @rwbbrands
Facebook: @redwhitebloombrands
Instagram: @redwhitebloombrands
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING INFORMATION
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release includes information relating to the implementation of the Company’s business plan including the completion of the Credit Facility and the acquisition of the Proposed Target. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with the implementation of the Company’s business plan and matters relating thereto, risks associated with the cannabis industry, competition, regulatory change, the need for additional financing, reliance on key personnel, the potential for conflicts of interest among certain officers or directors, and the volatility of the Company’s common share price and volume. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
There are a number of important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others, risks related to the Company’s proposed business, such as failure of the business strategy and government regulation; risks related to the Company’s operations, such as additional financing requirements and access to capital, reliance on key and qualified personnel, insurance, competition, intellectual property and reliable supply chains; risks related to the Company and its business generally as well as with respect to proposed acquisitions. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. While the Company may elect to, it does not undertake to update this information at any particular time.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Image: Primary Logo
Source: Red White & Bloom Brands Inc.(RWBYF)
2020 GlobeNewswire, Inc.
Hi Guys,
Looks like Mike is sleeping late. And enjoying himself about his
terrificness!!!
Waiting as we all are for the news to update.
Buying more as funds become available.
GLTA
Hi Guys,
New BOD member Ben Kovacs from NorCal company.
I am looking to see a combination of NGW and NorCal.
A less expensive way for NorCal to go public.
My best guess.
Buying more as funds become available.
GLTA
Hi Guys,
Trading halt is real on noted on the major news wires as per the Canadian newswire.
Posted at 4:43 eastern time.
So there you have it Guys, no news until tomorrow am.
Seat belts on for all players. Drink in hand. Sure tomorrow AM for me would be coffee.
But, my gut says stay long and enjoy the ride.
Tomorrow should be Christmas for all of us long players.
Waiting for news first. And then buying more as funds become available.
GLTA
Hi Guys,
Great news this am for the Cannabis sector and all Cannabis companies.
TLRY and APHA are merging into one company.
Well for me this places a base line valuation on the Cannabis space.
The combined company will have market cap of 5 Billion Canadian dollar.
Also the price to sales are currently as follows.
TLRY P/S = 4.56
APHA P/S = 4.87
And both companies are loosing money.
Sure they will own the majority of their market place and there is considerable savings projected for the combination of these two very large Cannabis companies.
So now for me NGW has a new valuation. And should be moving soon into a price to sales of at least 4 times.
Mike projected annual run rate to be at $20,000,000 per year. At 4 times sales NGW would have a market cap of $80,000,000.
And the share price would be projected to be $80,000,000/170,000,000 shares outstanding = $.47
So there you have it guys,
Just sit back and enjoy the ride up in share price from this point.
Buying more as funds become available.
GLTA
Bu
Hi Guys,
About NGW, and why I feel that my investment will grow nicely in the future.
NGW management,
"says what they will do, and then does what they say"
This is a long term recipe for success in business.
Buying more as funds become available.
GLTA
Hi Guys,
Thanks HD. I appreciate you comments as well.
We just need to sit tight and let the business plan develop.
Buying more as funds become available.
GLTA
Hi Guys,
Craignortheast, that is a good question. And I just really do not have an informed opinion.
However, Mike did state at the last web conference on December 11,2020, that an announcement of NGW expansion plans will be announce before the end of December 2020.
I suppose that we will just have to wait until that time for management to update us all about their plans.
Buying more as funds become available.
GLTA
Hi Guys,
HD as I said earlier you have a locked bet set up.
And here is the details in my opinion to support your bet.
As I have stated before there is a very informative investment analysis of NGW published April 6, 2019 by Small Cap Investment Research. For sure it was paid for by NGW at the time, but however there is considerable information within that is very meaningful. Even though it is over 2 years old there is a lot of very important details about NGW business plan. Sure things have change, no more SD Cannabis and spoke persons taking NGW profits. NGW move into their own branded products. Which is much more profitable.
I post the link here again for all to review. Because I believe it will help all of us to understand NGW business plan.
https://smallcaps.us/next-green-wave-price-target-increase-justified-by-significant-progress-during-past-months/
Currently Facility A, at 35,000 square feet and Facility C, at 3500 square feet are in production.
Within the report is stated Facility B projected to be 50,000 square feet will produce approximately 12,000-14,000 pounds of premium Cannabis per year. And Facility D NGW plans to build 250,000 square feet greenhouse. Facility D is projected to produce approximately 80,000 to 100,000 pounds of premium Cannabis per year.
For me it is most likely that Facility B will be producing product by the first quarter of 2022. And Facility D will be in production by the first quarter of 2023.
Once the build out of Facility B is complete and product is being shipped sales could easily move upward of $100 million per year.
And once Facility D comes on board with product NGW will move to a total new market cap level. Projected sales of $250-350 million per year. And possibly much more.
So there you have it guys. Nothing to be concerned about with the current trading range of NGW. The product is growing in the grow rooms every day. And profit dollar are building for NGW.
For me I am just watching and adding to my position as funds become available.
GLTA
Hi Guys,
Good thought HD. But also Mike is just talking like the existing facility is their home. And he feels safety and comfort with growing within the existing facility.
I have spend many years in manufacturing, and running a company with 2 or more facilities has many hidden overhead costs that just are hard to detail.
In addition with the growing of Cannabis this is just a "cash" crop. And has its own security considerations that are a major operational issue for all locations. Just like the gold jewelry manufactures security and loss of product is a real and existing concern for those who run these types of operations.
Having the expansion with the land owned at the current location lessens these concern a bit. Though they will still exist and do exist with more than one building, and outside contractors doing NGW extraction.
So these are my best thoughts and I am hoping that they finalize and announce the NGW expansion plan to build on the existing facility site.
Buying more as funds become available.
GLTA
Hi Guys,
A good friend of my owns a fancy home. He has a mortgage for 30 years of $500,000. His monthly payment of interest and principle is approximately $3300 per month or $39,500 per year.
So if/when NGW decides to place their construction financing it seem to me that they could easily carry the interest and principle payments to pay for the construction of their next facilities.
So lets say they finance at 10% since they are still a very young company and would have to pay a premium. The debt would only cost them
A loan of $25,000,000 would cost them $2,500,000 in interest payments each year. NGW currently has the cash flow to cover this.
News flash, for me they would even be able to begin the construction of their third grow facility by the third quarter of 2021. And cover the addition interest payments for an additional loan of $35,000,000. Which would add an addition debt payment of $3,500,000 per year.
NGW has shown that they know how to grow premium cannabis, and produce product at a profit. They have the cash flow to cover these construction loans. And in 3 years would be able to pay back a major portion of these loans with their profit generated by their larger grow operations.
If I sat on the board of directors this would be my plan to move the company into the major league producers in California. ASAP!!
They have the cash flow to cover the construction debt.
Buying more as funds become available.
GLTA
That
Hi Guys,
I grew up in Brooklyn, and HD your $100 wager is called a "locked bet".
Meaning for those out of towners, quote un quote it just can't loose.
Buying more as funds become available.
GLTA
Hi Guys,
Cannabis Futures, great review. And mostly I am on the same page with you. However you need to consider wholesale prices to retailer vs. retail pricing.
Even given that point NGW is currently very under valued.
One very, very important point from the web call by management last Friday. Mike stated that they are using the new facility for packaging and plantlet growing. That is allowing them to free up space in the existing grow facility to plant more flowering Cannabis plants.
They have 3500 sq ft. in the new facility. So likely they would have given NGW addition grow area of about 10%. And move the total stated pounds of grow per year from 9500 to 10400 pounds of weed per year.
So all estimates should be raised accordingly.
Mike stated months (early spring web call) ago that his goal was to transform NGW sales from a bulk supplier to a packaged goods branded NGW supplier.
His goal was to move toward 90-100% packaged goods NGW products using the NGW premium flower and plant extracted product. This move is well on its way. But will take until end of the first quarter 2021 to complete properly.
By then the sales will be moving much, much higher. My thoughts is that by the end of the first quarter of next year NGW will be selling at least $2,500,000 USD per month. And in addition they will begin to sell plantlet to other growers. So lets add $250,000 per month in sales of plantlets, moving to $500,000 per month. Or annual sales run rate of $35,000,000 USD per year.
Lets use price to sales at 3 x $35,000,000 = 105,000,000.
Share price would be $105,000,000/170,000,000 shares out standing
= $.61 USD
Likely by the end of the first quarter the new facility construction would have begun and Wall Street should be paying a lot more attention to NGW. And thereby assigning a premium to the price of the shares.
So by the end of the second quarter on 2021 my outlook for the share price is at $.75 USD
Buying more as funds become available.
GLTA
Hi Guys,
Donnellyair, I think if you e mail IR at NGW you should get a link.
Try to email Monita.faris@gmail.com. She is the NGW IR contact person.
I hope this helps you.
Buying more as funds become available.
GLTA
Hi Guys,
Irish002, I do not know how pre market trades are made in any micro cap stock traded on stock exchanges as NXGWF is traded.
None of my brokerage accounts allow for these type of trades.
But likely there exists some micro brokerages that allow these types of trades.
But, for me there will be plenty of opportunity to trade NXGWF as needed during regular trading hours.
Buying more as funds become available.
GLTA
Hi Guys,
Yes, Fidelity time and sales shows NXGWF trade 12/10/20 at 8:00:03 ET at $.3084 200 shares.
Likely we need much more volume to have anything meaning full. But it is still nice to see.
Also strange that this stock traded in the pre market.
Somethings likely up. I just guess that we will all know more tomorrow afternoon, after the web update by management.
Buying more as funds become available.
GLTA
Hi Guys,
OK, Chuck29, I do stand corrected. Time is 2 pm pacific time in Vancover.
Buying more as funds become available.
GLTA
Hi Guys,
Some more support for our long term holding in NGW. And further important justification for expanding the flower grow capacity of NGW ASAP!!!!
All Content and Data provided by Third-Parties — Terms of Use
Survey Finds Changing Cannabis Consumer and Consumption Habits
PR NEWSWIRE 8:30 AM ET 12/9/2020
Symbol Last Price Change
CURLF 11.935up +0.245 (+2.095808%)
QUOTES AS OF 11:59:14 AM ET 12/09/2020
Nearly Half of Adults, Including Parents, Are Swapping Alcohol for Cannabis Since Start of Pandemic
WAKEFIELD, Mass. , Dec. 9, 2020 /PRNewswire/ -- A new survey conducted by The Harris Poll on behalf of Curaleaf Holdings, Inc.(CURLF) ("Curaleaf(CURLF)" or the "Company"), a leading U.S. provider of consumer products in cannabis, finds that 42% of adults aged 21+ who have ever consumed cannabis have started or increased their consumption since the beginning of the pandemic.
According to the survey by the independent pollster, conducted online in October 2020 among nearly 2,000 U.S. adults aged 21+, the main reasons many Americans have chosen to start or increase their cannabis consumption since the pandemic began include:
to reduce stress and anxiety (54%; women (64%) and men (47%))
to relax (50%; women (50%) and men (49%))
to help them sleep (48%; women (52%) and men (45%))
This shift in consumption habits extends to parents of children under 18 ("parents"). In fact, more than half (52%) of parents who have ever consumed cannabis say they have started or increased their cannabis consumption since the beginning of the pandemic, compared to 33% of those who are not parents of children under 18. These moms and dads of children under 18 are also more likely to consume cannabis primarily for medical use (58% vs. 44%).
The survey also found that more than half (57%) of parents with children under 18 who have ever consumed cannabis have reduced or replaced their alcohol consumption with cannabis since the start of the pandemic.
Overall, amongst all adult cannabis consumers aged 21+, 45% say they have reduced or replaced their alcohol consumption with cannabis, and one-third (33%) of those who consume cannabis for adult use say they prefer cannabis to alcohol.
"Educating consumers around cannabis consumption is so important," said Stacia Woodcock, PharmD and Dispensary Manager for Curaleaf(CURLF) in New York. "Curaleaf's(CURLF) pharmacists and committed dispensary associates make it a priority to educate our patients and consumers and help them find the right products to make cannabis a part of their lives."
The survey results come as the cannabis industry continues to become destigmatized and evolve into an increasingly mainstream role within society. Governors across the country designated the industry an "essential service" throughout the pandemic, acknowledging the important role cannabis plays serving the health and wellness needs of consumers. In November, voters in five states approved ballot measures expanding access to cannabis. Medicinal cannabis will be available in 36 states and adult-use in 15 states and Washington D.C.
"Since the start of the pandemic, we have seen an increase in new consumers at our dispensaries with more people exploring cannabis," said Joe Bayern, President of Curaleaf(CURLF). "The liberalization of the plant — and the increasing diversity among consumers who enjoy it — will continue as the general public become more interested in incorporating cannabis into their health and wellness routines."
The survey also found similarities in cannabis consumption regardless of educational level or marital status, and across different regions of the country.
About Curaleaf Holdings, Inc.(CURLF)
Curaleaf Holdings, Inc. (CURLF) ("Curaleaf(CURLF)") is a leading U.S. provider of consumer products in cannabis, with a mission to improve lives by providing clarity around cannabis and confidence around consumption. As a vertically integrated, high-growth cannabis operator known for quality, expertise, and reliability, the company and its brands, including Curaleaf(CURLF) and Select provide industry-leading service, product selection, and accessibility across the medical and adult-use markets. Curaleaf(CURLF) currently operates in 23 states with 95 dispensaries, 22 cultivation sites, and over 30 processing sites, and employs over 3,000 team members across the United States. Curaleaf(CURLF) is listed on the Canadian Securities Exchange under the symbol CURA and trades on the OTCQX market under the symbol CURLF. For more information please visit www.curaleaf.com.
About the Survey
This survey was conducted online within the United States by The Harris Poll on behalf of Curaleaf from October 8–12, 2020, among 1,895 U.S. adults ages 21+, of whom n=772 have ever consumed cannabis. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact media@curaleaf.com.
About The Harris Poll
The Harris Poll is one of the longest running surveys in the U.S., tracking public opinion, motivations and social sentiment since 1963. It is now part of Harris Insights & Analytics, a global consulting and market research firm that strives to reveal the authentic values of modern society to inspire leaders to create a better tomorrow. We work with clients in three primary areas: building twenty first century corporate reputation, crafting brand strategy and performance tracking, and earning organic media through public relations research. Our mission is to provide insights and advisory to help leaders make the best decisions possible.
INVESTOR CONTACT
Curaleaf Holdings (CURLF), Inc.
Dan Foley, VP, Finance and Investor Relations
IR@curaleaf.com
MEDIA CONTACT
Curaleaf Holdings, Inc. (CURLF)
Tracy Brady , VP Corporate Communications
media@curaleaf.com
FORWARD LOOKING STATEMENTS
This media advisory contains forward–looking statements and forward–looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward–looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as "plans", " expects" or, "proposed", "is expected", "intends", "anticipates", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. More particularly and without limitation, this news release contains forward–looking statements and information concerning a national consumer survey conducted by The Harris Poll. Such forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors and Uncertainties" in the Company's latest annual information form filed September 23, 2019, which is available under the Company's SEDAR profile at www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements contained herein are made only as to the date of this press release and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.
Cision View original content:http://www.prnewswire.com/news-releases/survey-finds-changing-cannabis-consumer-and-consumption-habits-301189319.html
SOURCE Curaleaf Holdings, Inc.(CURLF)
Buying more as funds become available.
GLTA
Hi Guys,
Not much new to talk about with NGW. However the price of NGW has been trading nicely within it technical trading range of.
$.25-$.29.
Likely we need some positive business development news to move the price to it next technical trading range of $.29 - $.35.
So for now we have to just sit back and wait for the company to update us on it current and future plans.
Next update due at 12/11/20 web conference at 2 pm eastern time.
Also we can expect an Canadian SEC update on current business status by the first week in Jan. 2021. Hopefully then or before NGW will announce a monthly sales $$ run rate of $2,000,000.
That milestone should bring new attention and an upward stock movement, in my somewhat informed opinion.
Buying more as funds become available.
GLTA
Hi Guys,
Congress is due to vote on the Cannabis bill today.
Likely passage of this bill is spoken about by most of the media.
States need revenue. And this bill will add to the states tax $$$
sooner than later.
NGW will ride the upward "wave" in the Cannabis sector.
And yes pun intended, ha, ha, Next Green Wave, will naturally
ride the "Wave".
Buying more as funds become available.
GLTA
Hi Guys,
DevilDog0651. Yes, no merger is stated. But in my business and investing experience this looks to me like the next logical step for these two companies.
Sorry if I miss led you. It publicly is not announced and is not happening yet. But I just had to state this as a obvious next business development step to me.
Sorry, if I misled anyone of you.
Buying more as funds become available.
GLTA
Hi Guys,
Today news release with the addition of a new BOD member is just terrific..
Looks like a great marriage Mike.
NorCal Cannabis married to NGW. And NorCal Cannabis gets to be a public company.
NorCal looks like NGW on growth hormones.
https://blog.sfgate.com/storystudio/norcal-cannabis-company-is-building-one-of-the-most-impactful-cannabis-ecosystems-in-california/
This best news ever for NGW. A public company combination of NorCal and NGW. Merger makes great business move to me!!
Buying more as funds become available.
GLTA
Hi Guys,
Cresus2019 technical charts show support at $.25 and resistance $.29.
Nothing to be concerned about as NGW trades between this range.
Technically NGW is trading at or near the bottom of its Bollinger band.
Should hold these support levels in my somewhat informed opinion.
GLTA
Hi Guys,
My thoughts about the current status of NGW.
So, so quarterly report, but much better news with the immediate release of sales and gross profit for November.
They stated that they only established full capacity growth in the 3rd quarter of 2020. Also NGW only started to add in house extraction product within the last couple of weeks.
Sales should now continue to grow nicely each month. With the addition of NGW branded products. And also expanding their retail sales outlet locations.
We will get a lot more information on the next management update stated as scheduled for December 11,2020.
In the next few weeks NGW will trade within its current technical trading range of $.25-.$.29. There is no currently announced business reason for any further movement up or down. Although the new "Weed" laws being considered shortly might give NGW a leg up.
For me the recent news of changes in the Board of Directors is to be expected at this point. These men have done their job. NGW will receive new Directors upon its next leg of financing, that will be used for the expansion of the flower growing capacity within their current location.
Sure they will have some dilution of shares for this financing. But hopefully they hold off for a couple of months to establish more of a cash cushion for their total business. The company valuations should increase nicely during the year of 2021. But please remember that a new grow facility is a 15 months project at least, until any revenue is seen from that facility. More like a 2022 story. Which is ok by me.
Slightly positive for me at this point. But nothing really has changed for their business. And this in my opinion is why the stock has not added more valuation at this point in their growth.
GLTA
Hi Guys,
HD your thoughts are exactly like mine.
What's with the delay NGW?
No excuse NGW, time to grow up!!!!
Rating for PR. ….. Mike for me you failed!!!
Investors need the reporting to be issued on time good or bad!!!
That is just how the real world works.
Let's hope the rats do not leave the ship tomorrow.
Not buying more until the NGW financial reporting is on time.
GLTA
Hi Guys,
Last chance to buy NGW shares under $.30 U.S.
After next weeks earnings announcement, and business status update the chance will be lost forever.
For me it is time to back up the pickup truck and load up to the truck limit.
Buying more as funds become available.
GLTA
Hi Guys,
Sure nice blog. But for me, it's show me the money. Show me great products in the market place beating competition. Show me great growth in sales and profit dollars. Show me an expansion plan to increase flower production without stock dilution.
Yah, it nice about how great a team of people that NGW is building. Well we expect that as a natural course of events for a well management company.
But for me its all about the $$$$$$ and more $$$$$$.
That and that alone will get the attention in the market place and put NGW under a wide beam radar for investors.
Buying more as funds become available.
GLTA
Hi Guys,
One morning shortly after November 30, 2020 NGW will release its 10K report.
The market will begin to take notice of the continuing profit growth each month, along with growing revenue.
The 10K will list any and all other obligations financial and business related that might give concern to NGW investors.
Once this information is public NGW will begin to move toward the valuation in the market place given to other "Weed" companies in their the business sector. And even possibly a premium for the growth of profit and sales that is in fact within NGW future.
We will wake up one day soon with a nice gap up in price and volume to show the added interest in the market place.
Buying more as funds become available.
GLTA
Hi Guys,
I just can not believe the near term negative dialog about NGW.. The baby company NGW is not growing fast enough for some of you? Get real. NGW management is delivering on their stated business plan.
Management is working very hard and has established a plan that is growing sales and bringing in profits.
NGW is on it growth a path stated by management. That being the premier "Weed" company in California.
If this goal does not have meaning for anyone, then surely it is time to sell and move on.
However as the plans that NGW management have stated and are being met by management, the sales in growth and profit will naturally take care of itself.
Do I want to drink 90 ++ rated wines. Yes I do, and I spend my money accordingly.
And the same way those in the know about premium "Weed" will being looking towards NGW branded products to fill their needs.
And sales and profit growth for NGW will surely follow.
My view is that shortly NGW profit per month will be the inside the company financing that will allow for flower growth expansion under the NGW brand.
And within 3 years NGW will be mentioned within the listing of house hold names in the "Weed" sector.
I am holding every single share of my position. And buying more NGW as funds become available. And will continue to do so as the shares rise in share price. This in my somewhat informed opinion is only the very beginning in a most profitable NGW growth story.
GLTA
Hi Guys,
Cresus the technical charts are not a point measure. The patterns are reference to historical trading patterns that have shown to be technically relevant in the past.
There by they are not an exact science and subject to interpretation.
I stand by my forecast and I am happy to share my experience with those who post on the NGW page.
Buying more as funds become available.
GLTA
Hi Guys,
Just finished my review of the technical chart patterns for the trading of NGW.
On the two year monthly chart it is easy to see a head and shoulder pattern has been developed.
Technical chart theory states that the next move should be up. And in addition the range of the next move is defined by the price range between the head and the shoulder price range.
For NGW that range is approximately $.25 U.S.
So now my forecast for the next several months of trading NGW should be moving up and making a new high. My forecast for the next 3 months is $.50 - $.60 U.S.
And this range fits nicely into my earlier price to sales models noted on my previous posts.
Naturally this range could move higher with some significant sales event being made public by the company.
Well Guys, there you have it. As we all sit back, Happy Thanksgiving to us all. And please keep staying safe.
Next week should prove well worth the wait for all of us.
Buying more as funds become available.
GLTA
Hi Guys,
Market cap valuation is my go to rationalization for adding to my position in NGW. And I am not concerned about the current price decline and slow down in the quantity of shares daily traded in NGW stock price.
NGW is growing sales with their NGW branded products. High quality, high margins, and great retail sell thru. The retail stores want to make money and they will position their inventory dollars in items that sell thru and improve their store profits. NGW retail store quantity of locations placements could easily double within the next few month for this reason alone.
So we should easily see NGW sales moving up to $2,000,000 per month by the first quarter of 2021.
That you gives NGW a yearly sales $$$ of $24,000,000.
Currently NGW trading at $.27, and there exists approx. 170,000,000 NGW shares outstanding. That give NGW a market cap currently at $.27 x 170,000,000 = $45,000,000.
Therefore price to sales is market cap/annual sales.
$45,000,000/$24,000,000 = 1.875 times.
And for example other companies in the "Weed Sector"
ACB P/S = 3.55
HEXO P/S = 3.75
TLRY P/S = 4.49
And the above companies are losing money big time.
So Guys, just sit back and watch the show. NGW will get it's market respect as NGW continues to grow sales and profit. And very soon Wall Street will begin to notice. And the valuations of NGW stock will easily reflect the market place valuations for the "Weed" sector.
Purchased more since funds have become available.
GLTA