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Hi Guys,
I just can not figure NGW public relations. Does anyone has any sense or reason that yesterday's important news has not hit the investor news feeds. Why only send this information to investors or others on the NGW e-mail distribution list. Nothing is noted as showing on Yahoo or any other business news sites.
Why would NGW not spend some money and place this information and new release in to the public?
Very strange looking to me. I just do not understand these people and how they run their business on the P.R. side of things.
GLTA
Hi Guys,
I invested in NGW after reading about Mike Jennings. He has grown up in the weed industry. And has been a proven producer in this industry. Now Mike Jennings has the company in his hand to show all that he knows about producing the highest quality products in the industry.
And for me his passion is like no other in the industry. Mike Jennings not only "Talks the Talk", but NGW has started to "Walk the Walk". (i.e. ultra high THC% products, profit and growth in the NGW balance sheets)
Mike knows the industry, he know where the high price point products are moving within the weed market place. And he has the passion to guide NGW towards the highest end of the market place with its products. And NGW will demand special high prices for its products due to their market leading quality. And along the way NGW will produce gross margins like no other company in their industry, in my not humble opinion.
These are the reasons I place my investments in NGW.
Hi Guys,
Yes, we mostly all are a bit impatient with the pricing of NGW stock. As for me I really thought that we would see an upwards move into the very low $.20 U.S. range.
But, the weed sector is just not getting any of wall street money and attention. In fact again today there is much selling and down side movement in most of the weed stocks.
So there you have it Guys, in a nut shell. In my opinion NGW will trade sideways at these levels for the next several weeks. And or until there is a business development news release of substance.
That being said, ie. the extraction facility startup and or new products, of vape, sauce, gummy bears, beginning to bring in significant revenues.
For me I believe in the management, and their business plan. They are serious professionals with a special talent in growing very high quality weed and weed products. They added nicely to their board of directors to support the business plan. They improved there financial reporting and are now fully audited. NGW will continue to build their brand. And will do so with much professionalism. Bring profit to themselves and those of whom invested in NGW.
In my opinion I am adding at these levels as funds become available. And will not consider selling any of my positions until their business plans start to change to the downside. I plan to hold this investment for several years.
GLTA
Hi Guys,
Thanks so much Hunterdog for your most informed update on the California fire risk for NGW.
I thankyou since tonight I will sleep a lot easier with the detail knowledge that you shared about NGW really not being at much of a current risk.
Also on another topic I am starting to research the market and selling prices for very high THC% vape products, sauce, and gummy bears.
My research is just starting but my thinking is that the extraction process startup will yield much, much more than my original estimates. All good going forward for NGW and our investments.
More to this as I do my research.
Buying more as funds become available.
GLTA
Hi Guys,
Attached is google satellite view of NGW home at 1920 Mercantile Ln., Coalinga, California 93210.
https://www.google.com/maps/place/1920+Mercantile+Ln,+Coalinga,+CA+93210/@36.1351857,-120.3623122,14938m/data=!3m1!1e3!4m5!3m4!1s0x80935ca74730638f:0xe8de25cdc2ce6889!8m2!3d36.1351814!4d-120.3272933?hl=en
After careful inspection it does not seem that there is much forest, or much combustible land near the factory location. Mostly farms, some homes, and the San Benito mountains to the west. Those mountain which would give a natural fire break to NGW location.
Even thought the California fires are a very, very, scary natural disaster, it does not seem for now that NGW factory is within a nearby risk area.
HD can you please comment to this, since you live nearby.
GLTA
Hi Guys,
Another point to make. As the start up of the extraction facility is finally announced by NGW. And when NGW states publicly that they have their first sales of in house extraction product that will be a major milestone for NGW. And my thinking is that the stock should move up at less 10% from its currently trading range, that being into the low to mid $.20.
And so on with each of the currently prior noted milestones accomplishments moving the price of the stock up another 10%.
GLTA
Hi Guys,
Ok further my recent posting...…..where I summarized the reasoning for first quarter 2021 NGW sales to move towards $1,850,000 U.S. dollars per month.
So $1,850,000 x 12 months = $22,200,000 per year.
There are approx. 165,000,000 shares outstanding as of the last quarterly report.
So lets use 170,000,000 x current price of $.1750 = $29,750,000 market cap
Market cap to sales is therefore $29,000,000/$22,200,000= 1.3 times
Weed sector stocks are current trading at between 2-4 times market cap. And some even have extremely high valuations based upon market speculation for their future. Also these companies are not making a profit. Market cap to sales currently as per yahoo finance TLRY 3.52, ACB 3.44, CGC 17.79,CRON 58.21
So there you have it Guys. In my not humble opinion we should easily be trading at or above $.50 in the first quarter of 2021
Buying more when funds become available.
GLTA
Hi Guys,
I did listen in my car yesterday to the NGW investors call. And was very happy to review the transcript of this call in detail this afternoon. Since there was a lot of information shared about the company current status and future plans
So here are my thoughts.
NGW management and the NGW leadership team is just continuing the beginning of their business plan that they had established upon becoming a public company and raising a lot of money. Yes we all wish this came together six months earlier but NGW is on the growth move now.
They are building on the foundation of the reason and logic for starting Next Green Wave Company. Their stated goal of being the very best in the California weed market is coming together. The are meeting their goals of producing the very best in California of their very high quality of weed flower. And in addition have just added new branded NGW products as pre rolls. with ultra high THC% content.
Next up the company stated they will sell in the 4th quarter their unique vapor oils, and gummy bears with artisanal THC levels. All with NGW unique and very natural special extraction process making these products very natural in their production.
Not many companies or no companies are producing products with this unique process and natural quality and very high THC% content as NGW. All these unique branded Next Green Wave products are in very high demand. In fact management stated their they have sold out their current production capacity and also possible 2 or 3 times as much if they had product to sell.
The cloning of seedlings process is stated by management as tested and working. And sales will start soon with sales beginning in the 4 quarter. Seedlings should sell for at least $10.00 U.S. each and possibly more if the NGW is established for ultra high THC% capacity.
Also NGW management talked about the expansion of grow capacity.
And rightly so in my opinion they stated that they are no rush to make a final decision about the building of a new facility. And they have of lot of business details to accomplish with the current growth objectives as stated.
It does seem to me that the expansion in grow capacity will be a story in detail at some time in the late first quarter of 2021.
So here is my $$ forecast since NGW management is not ready to release this information at this point.
1. Moving flower sales to mostly preroll product should move NGW sales up to $1,250,000 per month.
2. Adding extraction sauce vape products and gummy bears branded as NGW high THC products should add $350,000 per month.
3. Selling NGW high THC% branded seedling 20,000 per month at $12.50
per plant = $250,000 per month.
My forecast for the 2021 first quarter monthly sales is totaled at
$1,250,000 flower and bulk sales
$ 350,000 extraction products of sauce/vape and gummy bears.
$ 250,000 NGW branded seedlings
$1,850,000 Total sales per month
With their first quarter monthly sales moving upwards it seems to me that they would be able to find the financing for their next capacity expansion and begin the build out in the second quarter of 2021. With completion by the end of 2021. Or possibly sooner.
That would give a forecast for business year of 2022 between $50-60,000,000 sales per year. And 2023 they would inhouse and self finance the built out of all the land at their current location. Sales would easily be over $100,000,000 per year.
Comments appreciated
GLTA
Hi Guys,
Another quick thought.
Weed sector is trading down again today between 2-3%.
And NGW is trading up over 4%.
Something good is happening here.
GLTA
Hi Guys,
I do stand corrected about my note about the .02 reflecting a P.E. number.
The comment is correct that it should be based on a yearly earnings number.
So, given this information and as the NGW story develops the price action will/should effect the proper valuations for a company that is earning a profit.
Also the last quarterly reporting was audited and done in a most professional manner. With all the standard accounting details as would have been detailed for a much larger public company. This to me is a very good sign. And getting NGW ready for the future financing that it will need for its up coming expansion in growing square footing. Yes, I am OK, with the financing since it would related to product and sales expansion. And fit into the return on assets, of which NGW is showing as very competitive.
Remember this is a very new company without much of a track record.
So as I said before lets the S&P average is approx. 20 times earnings.
And therefore if/as NGW continues to issue positive earning quarterly reports of $.02 U.S. gives us a forward earning of $.08 per share.
Lets use a P.E. of 15 x $.08 earning per share = $1.20 per share price for year ending 2021
The above is the reasoning why I continue to add to my position as funds become available.
GLTA
Hi Guys,
Well finally some 2nd quarter details...….All good looking for me.
And NGW profit was $.02 per share U.S.
Just for information purposes S&P 500 P.E. (price to earning ratio) ratio run approx. = 20
But, NGW is a baby startup and on the OTC.
So, for me I plan to use a P.E. of 15 at $.02 earning = a share price of $.30
So see all of you guys at $.30-35 share price very soon.
GLTA
Hi Guys,
I plan to sit in my grandson's gaming chair over the next several days. Waiting for the wild ride when NGW earning and business update is released.
At least strapped into the chair I have a chance of staying safe!!
GLTA
Hi Guys,
Weed sector selling off today. CGC,TLRY,ACB,CURLF all down.
And NGW hanging tough with 4% gain in a volatile day of trading with above volume.
Good sign to see. Likely NGW has made its base here.
And the spring is wound up for a large move when quarterly earnings and business development news are updated.
Next week in my opinion should be a wild ride up in share price for all of us.
Buying more here as funds become available.
GLTA
Hi Guys,
A thought, NGW recently been added to a weed index .OTCQXMJ.
This is public knowledge see Yahoo finance for details July 24, 2020.
Here is a one month chart for your review.
https://www.otcmarkets.com/index/.OTCQXMJ
This index has been selling off since 8/14/20
And since NGW is part of this index it is following this path.
However, when NGW reports its earnings, and they show further business progress and another profit. Things will change in a very positive way for NGW stock price.
Guys, this in my opinion is a buying opportunity. Which I have taken advantage of.
GLTA
Hi Guys,
Just some reality here. GRWG price to sales is currently 4.7 and their market cap is $631 million U.S.
However NGW current market cap is approx. $28,000,000.
And at run rate of sales at currently $ 1 Million per month gives NGW a price to sales of 2.3. And consider 2021 run rate of sales at $1.5 million per month give a future 2021 price to sales of 1.55.
For now in my opinion is the time to have confidence in the NGW business model. And as NGW meets its stated business objectives the price will follow into the higher valuation the market has given to profit making companies.
Adding to my position as funds become available.
GLTA
Hi Guys,
Just some reality here. GRWG price to sales is currently 4.7 and their market cap is $631 million U.S.
However NGW current market cap is approx. $28,000,000.
And NGW has an annual run rate of sales at currently $ 1 Million per month gives NGW a price to sales of 2.3. And consider 2021 run rate of sales at $1.5 million per month give a future 2021 price to sales of 1.55.
For now in my opinion is the time to have confidence in the NGW business model. And as NGW meets its stated business objectives the price will follow into the higher valuation ( and higher price per share)that the market has given to profit making companies.
Also just keep in mind for now the total weed sector is underperforming and most stocks are selling off in the weed sector.
Adding to my position to NGW as funds become available.
GLTA
Hi Guys,
Next Green Wave annual meeting scheduled for August 25, 2020.
Location is at 1055 West Hastings Street Vancouver, B.C. V6E 2E9
Suite 300.
I received my proxy statement in the mail this past week.
Nothing new in the proxy...….i.e. voting for officers, and approval of the options grant at $.15 which is already public information. Nothing else of newness that I can see to talk about.
So, for me we should be seeing the 2nd quarter release any day now.
GLTA
Hi Guys,
Fundamentals and valuations are still in place for NGW. Now valuations have moved down to new lower support levels and close at these levels on a weekly basis.
I did consider this sell off to be a buying opportunity and I did add to my position on Thursday and Friday of last week.
I figure that the market cap to be at $.17 per share U.S x 165,000,000 shares outstanding = $28,050,000 U.S.
We know that NGW is producing their continous harvest and selling out each harvest, in mostly bulk weed over the last few months. And NGW is generating $1,000,000 sales per month. So lets say that over the next quarter or so they convert 50% to pre roll. And in addition NGW announced that they will startup their in house extraction by the end of the 3rd quarter.
So for these reasons NGW should be selling very close to -$1,500,000 per month in sales.
Lets say by year end December 2020 NGW sales are at $1,500,000 per month sales.
Price to sales valuation would be as follows by year end.
12 months x $1,500,000 per month = $18,000,000 market cap.
There for price to sales would be $28,000,000/$18,000,000 = 1.55
At a price to sales of 1.55 NGW is trading very much below other companies in their sector.
For example several other weed companies (that are loosing a lot of money) are trading at very much higher price to sales ratios.
For example
Tlry Inc. symbol TLRY P/S 4.09
Auroca Cannabis symbol ACB P/S 4.26
Canopy Growth symbol CGC P/S 20.33
Yes the above are very large companies in sales but they are all loosing millions of dollars per quarter.
The recent proof of monthly profit for NGW and above valuations given to other companies in the weed sector NGW could/should easily be at double the valuation or possibly more.
And we should see a year end price of at least $.35 U.S. And a price to sales of P/S 3.2
This is my reason to continue to add to my position as funds and now pricing becomes available.
Comments welcome.
GLTA
Hi Guys,
Now that NGW is in the weed index their stock price is reflecting the current sell of in that sector.
Hard to see but should only be temporary for NGW. Awaiting the release of their current 2n quarter earnings and business update.
Lets hope for holding the near term support level of $.185 U.S. at the close.
Buying more here as funds become available
GLTA
Hi Guys,
The total of most of the weed stock sector taking a large loss today after
CGC reported over 100 million loss.
While the infant in this sector NGW holds on for a small gain.
OK, I get it all NGW is a small fraction of the business compared to CGC.
But NGW just started and is profitable. This is a statement that has a big meaning for me.
Buying more now as funds become available.
GLTA
Hi Guys,
One other point that is curious to me. Why did NGW choose to announce these new products now?
Would not these types of new product announcements be more meaningful if announced with a positive up side to the near term quarterly earnings report that is due to be issued very soon?
GLTA
Hi Guys,
For me the recent up movement of NGW stock price reflects the addition of these recently announced products.
But for the future products such as those recently announced in my opinion will/should add much to the gross profit of NGW.
All of these recent developments lead to more profit for NGW.
And more profit by NGW will within time be reflected into the companies stock price.
For me we are in a consolidation stock price phase trading sideways until the next important business milestone to be announced.
GLTA
Hi Guys,
Great find didn't!!!...…...Filing confirms outstanding share as of 7/21/20 at 159,506,783.
Also the management seems to be in my opinion are not being paid very high salary.
And in addition management will receive some significant compensation by options being granted at cost basis of $.15. Option being spread over next few years.
This filing looks to be very professionally done. And it seems that NGW is setting itself up to be fully compliant with all SEC regulations going forward. And also setting up for financial growth and reporting for the future.
GLTA
Hi Guys,
Craignortheast, everyone has to position their investments as they can to sustain the risk and reward to all of any investments.
As to NGW I still believe that the stock is still trading at an undervaluation level relative to its future growth potential.
All this means is that NGW will have to continue to execute on their business plan. Add new products, and products with higher gross margins. And in addition add additional growing capacity.
And additionally, this naturally in my opinion will be done with some growing pains. No growing business is run without the unknown, problems and risks.
But for me for now I am staying with my positions. And waiting as are the rest of us fellows for any bits of information given to us at the next quarterly report. That report to be filed sometime within August hopefully.
GLTA
Hi Guys,
Really Guys, for me nothing to be concerned about. No stock trades straight up. There are always buyers and seller. When there are more buyers the stock just goes up.
And yes NGW did get ahead of itself in price movement yesterday.
Technically daily movement is not as meaningful and important as weekly close price action.
So for now I am sitting on all of my positions. With the support level at $.22. And I will watch carefully how NGW closes for the balance and end of the week.
And then make my decisions accordingly.
GLTA
Hi Guys,
As I said after a move like this we should consolidate for several trading days.
Ok, I did look the next resistance level is $.47 U.S. Doji formed on weekly chart of 2/22/2019.
So there you have it guys.
But for me there will have to be a significant revenue event to take the trading levels at the next resistance level of .$.47
Lets not get ahead of ourselves we still have near term resistance at $.285 U.S.
GLTA
Hi Guys,
Prickly pete, in my opinion you should be able to convert the U.S. dollar amounts for support and or resistance into your CND.
And also in my opinion if you are trying to trade with such a fraction difference between the two, you are likely setting yourself up for losses.
I think that if are not a professional market maker, then trading for such fractions of gains is a likely way to loose money.
I am talking from hard $$$ loss real life experience here.
GLTA
Hi Guys,
I can't share my stock count. But just know I started like most of us at much, much higher price point. And I have been averaging down for over 12 months.
But let's just say as the kids do that I am "PHAT" with shares.
Buying more here as funds become available.
GLTA
Hi Guys,
Based upon todays trading, I just completed a review of the weekly candlestick charts.
Next upper resistance level is $.285 U.S.
So there you have it Guys, support is now $.22 upper level resistance is at $.285
The weekly candlestick charts shows a bullish pattern. But NGW did make a very significant move up. And it is very likely in my opinion that we consolidate at these current levels for several trading days. That being said we will like move up next week near the next quarterly earning release time.
Any good business news with revenue updates would in my opinion move us easily past these levels.
Buying more here as funds become available.
GLTA
Hi Guys,
Looks like NGW just trade at $.236 U.S. which is above the near term upper resistance price of $.22.
Hopefully we get more volume at this level and closes above.
And I will be reviewing the charts soon for the next support and resistance levels.
Still buying more here at these levels as funds become available.
GLTA
Hi Guys,
WOW,WOW who would have thought that so quickly NGW would just take off and blast past the upside resistance level of $.22 U.S.
Very busy today and I will research new support and resistance levels and post by Monday.
Something or someone is up to something good here.
Buying more as funds become available.
GLTA
Hi Guys,
Just checking briefly the candle stick charts...…..
Well NGW traded above the resistance of $.195 so on to a new upper resistance goal.
Remember technically on the up side to stock old up side resistance is the new support level.
So now here you have it support level $.195 next upside resistance level is $.22 U.S.
Buying more here as funds become available.
GLTA
Hi Guys,
About the price of "Sauce" weed.
https://bud.com/beezle-extracts/lemon-og-live-resin-sauce-1-gram/
Shows $50 per gram...…...wow!!!!!!!!!
$50 x 456 grams per pound.= $22,800.
$$$$$$$$$$$
All I can say is WOW!!!!
Buying more as funds become available
GLTA
Hi Guys,
What is Sauce Carts, well see below...….looks like real $$$ for NGW!!!
https://weedmaps.com/learn/dictionary/sauce/
Buying more when funds become available.
GLTA
Hi Guys,
Just a point of information that should place some light on all of this.
There is support and resistance for the trading ranges of mostly all stocks.
NGW old resistance was set at $.175. The new resistance level is now set at $.195 U.S. dollars.
(refer to my prior posts for details from the doji candle stick charts)
Since, technically we will have old stock price level resistance once past the higher level the old resistance is now the new price of stock level price support.
So now NGW will trade at between $.175-$.195.
That is the reality people.
Also NGW has several up coming business milestones that will add to revenue per month and take the share price higher.
But we all most be patient, (Rome was not built in a day) and NGW will not be built in a day, or week, or months. It will take several quarters of positive business news to keep pushing the price higher.
Sit tight Guys, we are just at the start of the first inning here.
Adding more at these levels as funds become available.
GLTA
Hi Guys,
About the price targets for year end. Please lets not get ahead of ourselves here.
NGW is a baby company without much in house staff. Most of which is consumed in the day to day operation of growing and packaging weed.
Next major project at bat is the startup of the extraction facility, and extraction start up in house and proof of process. A big in house project, that will take all hands on deck management time and energy. With many more products in house to finalize the process for quality and then launch to the market.
This will take money investment, time and management energy.
After the extraction process is up and running the cloning of seedling will be the next product on deck. The unknowns about this are many and should take management until the end of 2020 to get right so that the sales $$ could flow in to the business.
The above being said, I just do not see the sales growing at a much higher rate to the financial until the end of the 4th quarter of 2020.
At the end of the 4th quarter my thinking is that NGW should be generating sales of about $1,500,000 per month. An annual run rate of about $18,000,000 per year.
My year end price target is $.35 U.S. With a market cap of $.35 x 175,000,000 shares outstanding $61,500,000. Or price to sales of 3.4 times.
Buying more as funds become available.
GLTA
Hi Guys,
Wow, yes we did close over $.175. And in fact there was over 140000 shares traded at prices between $.17-.175. U.S
Although the closing volume at $.18 U.S. was only 5000 shares it is still a meaningful close. And also the close was made on a weekly basis, that supports the chart technically.
So, you Guys, since this move has been so rapid in the up movement of the NGW stock.
It is reasonable to project that we will be at or near the next resistance level of $.195 U.S. with in the timing of reporting for the next quarterly numbers on or about by August 15, 2020.
Good luck to all. And just enjoy the ride my fellows!!
Buying more as funds become available. This move is not over in my opinion.
Hi Guys,
I took a look very carefully at the candle stick one year daily chart you can easily see a doji pattern on 9/23/19. This shows resistance at $.175 U.S. Support is shown at $.155 U.S.
And in addition the last 2 trading days ( although today is not finish) are showing a topping pattern for this move. I can easily can make the case NGW will trade sideways for a couple of weeks into earnings release.
That being said the one year daily chart easily shows a cup and handle pattern for the stock movement. A cup and handle pattern is most usually a bullish sign.
For me you might try to nibble at the bid and see hope to get fills.
If and when NGW trades over $.175 next resistant is at $.195 U.S.
GLTA
Hi Guys,
Weed sector stocks like CGC,TLRY,ACB......etc. all going down today.
NGW is trading higher...with strong volume of shares traded
Looking very good here. I am looking at more to this move.
Remember near term resistance is at $.1750. Unreal how quickly HGW has moved up to near this level.
If NGW trades over $.175 near term it would be a buy signal.
Next resistance at $.1815 and then $.1935
These are real and meaningful resistance numbers guys taken from the 1 year candlestick charts.
Buying more here as funds become available.
GLTA
Hi Guys,
HD, if NGW continues to execute for the next several years you will be sitting very well for your retirement anywhere in the world like the most of us.
My dream although I never achieved it was to live like the very famous DJ Casey Kasem. He owned several apartment in up scale hotels in major cities around the world, New York, London, Paris, Madrid, Hong Kong, ...etc. And when he traveled he went with one suit case and his meds. All his clothes stayed at these hotel apartments waiting for him. Full service was available 24/7 as he needed. When he arrived he would order room service and cocktails for himself, his wife and friends. And then dinner anywhere great within the top shelf places for dinner in these cities in the around the world.
Still my dream, but likely will not get there .
Back to NGW, and sorry for my dream info above.
Indoor grow facilities in several states, expanding internationally ………..
Who can tell the future...……And the market cap available to them. They are young men and could easily be at this work for the next 20 years!!!!
And one very important thing these guys know how to grow the "Dom Pieron" of weed
and that to me my friends is worth $$$$$ big time!!!
It could happen AOL, APPLE, GOOGLE, AMAZON, NETFLIX,...……..
The American Dream does exist!!!!!!!!!!!!
Buying more here when funds available. Yes in my opinion this run is no where near to over. Just beginning hold all your share in my opinion!!!!!!!
In fact NGW packaging from the early days of 2020 will be worth big time money on e-bay in 5-10 years. Yes you heard it here first!!
GLTA