You won't hear any news release. M&A terms likely prevent any news release in the interim.

There is a 7 Canadian cent gap in NGW price at the moment. Regardless - both companies are selling at low end of valuation at the moment. The entire industry is. You’re bound to realize big gain when cannabis is trendy in the news again.

That's neither yours or my call re the valuation of the company since neither you or me have enough share to influence the sell price. But yes you are correct - if you want more Planet shares, then the price will need to go low - vice versa.

What is going to happen is that the share will go up again once there is sign of legalization. Until then - it's all just speculation. Similar to tech company - at lease Planet has market share and it has its size unlike NGW, which is just a small fish in a big pawn.

People just need to understand that the price you exchange in does not matter. The conversion will at the end result to a sell price of 91M valuation for Next Green Wave company.

If price go lower - then it means that you get more Planet shares in return.

If price go higher - then it means that you get less Planet shares in return.

Regardless it means nothing because the company will be sold at 91M.

Stop focusing on the share price. That is not how company get valued.

How many shares do we thing we have on this board? I’m guessing there are around 1M shares give or take held by people on this board.

The good thing here is that only Mike Jennings will be on the hook for this if the case has merit. In all sale deal - the contract will ask that both parties have proper warranty and representation to execute the deal. Since the deal was done 3 years ago - Mike will be on the hook if found guilty.

The NGW company itself is protected. We don’t need Mike anymore. We did at the start but now it’s a business.

Also the suit keeps mentioning oral agreement lol….good luck with that my friend.

The price won’t go up to .50 in one day. This increase will continue until end of week…even new year.

My god I love the math!….please read the tone.

Yeah but you can’t compare individual stock performance to ETF performance, clone. ETF will always lose less and gain less because it’s a group of companies therefore more diversify.

Upcoming catalyst that I see:

1. The deals that NGW will supply for Cookies is supposed to be in Q4 of this year or Q1 of next years. That should help with a bit revenue increase. I won’t be a lot because our capacity is max out.

2. Hopefully the mid term election will move some needle on the MORE Act. But I never bet on government workers to finish anything. So this is a low probability for me.

3. I really do hope that supply chain price subside in Q1 of next year. This will be a huge factor if NGW will have to spend millions more on Facility B due to hyper inflation.

4. On time completion and revenue generation of Facility B by Q4 of next year.


My biggest risk about this company is MANAGEMENT. I have serious doubt in management right now, both in turn over and the fact that they are focus too much on the share price. And PR wise for each of the leader in NGW, none of them have good reputation and appeal that would attract whale. And the new director gives me hint that he push himself in. We DO NOT need two lawyers on a board unless you plan on screwing investor.

Maybe Mike Jenning is well known in WEED industry but NGW need a partner that can help them get cheap capital, not this 10% per year BS and options with exercise price next to nothing. You might as well call it money laundering. Who knows if the Debt issuer kickback any profit to these guys.

Okay outlook thought if you can wait till 2024 lol
All in all, I have trust issue in management.

I like how we are comforting each other to hold lol.

I agree with clone but I don’t think it will go any lower than 30 cents. At this price, I think we are at a good price of stability. We can’t use some crazy ratio from other big MSO because well, NGW is not a big MSO. The production output of NGW is tiny company to the big guy.

So until we can bring in 200M plus a quarter, a $5 prediction by hunter is a pipe dream. $2 on the other hand is doable and reasonable.

Not to mention - these website like seeking alpha is putting NGW in pharma or agriculture sector, of course the recommendation would be over value on those site if you compare NGW to those sectors.

No, it’s not a lie but more of a disguise. Think about this. In Q2 report, you would see the cash balance of around $7M. In Q1, I think there was 4-5M in cash. So the question is - how can cash increase to 7M in Q2 when they actually have a net loss from operation in Q2.

That means the addition cash come from financing activities, which is the exercise of options and warrants. @.25 exercise price on 7.7M share, you would get around 2M in new cash.

NGW essentially use this new 2M from options and some cash on hand to pay down the $3M outstanding debt, which was coming due in Q4 anyway.

So, there is really nothing for the stock to be excited about since all NGW did was meeting it debt payment schedule.

But of course to new people and people who don’t dig into the details - this news make it look like NGW is god descent. This make me lmao lol

Pay attention to the details folk. Don’t let some voodoo optimistic people fool you.

So I finally got around to review NGW Q2 2021 financial statement. The news release is mis-leading. The debt was not paid down. The debt issuer essentially exercised the warrant obligation attached to the debt and take profit in the market. That is why you see significant selling pressure because those firms exercised the warrant with the exercise price around 25 cent. This means that they probably took profit around 40 to 50 cents per share.

There were around 8 million in shares from the options and warrant to the debt issuers. So if you go back check the volume, this should give you a good idea if the selling pressure is almost over.

I think he bought it though.. The report shows that NGW granted him only 850,000 shares vested over a certain period. My theory is this - this dude bought 11M shares of NGW in open market, enough that he pushed himself for a board seat.

11M shares is a lot. Mike has 30M shares. I feel like this is not a selected board seat. He pushed himself in. Now he is trying to change the direction of the share price and company because from the look of it - this dude is under water big time.

Thanks for the link.

And lol, doesn’t this make you scare even more? What is an injury lawyer doing in a start up weed firm? This is scratchy as hell. You replace a direct with seed investment experience with this? Man, Mike is desperate.

I’m concerned with this new director. I can’t find his LinkedIn, his law firm or anything. Feel like this dude is just a head fake.

I can answer you this question. Using Security Analysis approach - this stock is worth around CAD .10 - .15 cent.

But this approach is useless because then the other weed companies should be worth zero. That’s why you see Harpo and Hunterdog use comparable analysis. The old Benjamin graham approach is good for bargain hunting.

I don’t personally see NGW as a typical value play. I see it as growth pay as in we are betting on it’s future growth and not the fact that the company is undervalue relative to its fair price.

This is misleading. There has been more outflow than inflow.

Watch this go to .30 CAD by December. Mark my wowrd

There is a saying in business. “It takes years to build trust but it only take a second to destroy it”. NGW has lost the market trust at the moment. It will take more than a few quarters to build it back. So be ready to feel the pain if you’re holding it. The optimistic ones will always say the future is bright.

Yes, I think we need to keep the optimism going! Go NGW!

It is an unfortunate that the market will likely not forgive this stock until mid next year. The stock won’t move beyond current level until the revenue climb above Q1 2021.

I like the fact that they paid off the debt. But, don't mistake that for having lot of cash. Those loans just happen to come due, that is all. Plus, the loan was taken out in 2019 at 10% interest per annum.

My fear is this - I hope they take on new and cheaper debt to finance operational activities and construction of the new facility. The easier and more likely case is that NGW will issue ton of new shares to finance these things. In that case, this is a bad news.

I've been reviewing the financial statement and no reason for me to buy and hold this company at this time. Too many uncertainties in term of its leadership and not to mention the cost of this new facility. The original price to build the new facility is out of the window because of supply chain constraints every where even in construction industry. I would not be surprised if the new facility will cost at least $25M-$30M, all-in.

Anyone know why Next Green Wave closed down its main Instagram account? Look like it is trying to restart under #NGWNEXTGREENWAVE. All of the photo on the new page are posted within the past 7 days.

I'm interested to know if there are any insights.

Toby is a no body in this company. His purchase at a few thousand here and there is insignificant. Plus he has insignificant number of shares.

Anyway - I sold all my 100K share in NGW. Simply trading in and out at the moment. There will be more pain coming before it gets better.

The price should go back to .8 CAD range early in 2022 because of the legalization talk during the mid-term election. But really - long term price above $1 won't happen until 2023.

Exactly - this is what I have been talking about. Lot D is the big facility. NGW's end goal is to produce 100,000 lbs per year from this Coalinga facility. This is in the initial business plan. In case anyone to go dig it up.

Okay - this is too much, Clonemaster.

Those statements are mainly disclaimer and are in all financial statements.

Plus if you want to get there, all companies will go bankrupt or bought out someday. It's like live. Nothing is forever, except for change and uncertainty.

Such a good financial result. Feel bad I sold out early.

You are looking at USD price. I referred to CAD price. I don't know what your post means.

Volume if pretty low so if you keep buying - we will close high. Otherwise - I think my bid at .72 will bring this back down to .72 at close.

Oh boy...if you want it at this price, why didn't you pick it up at .71? Reflect on that.

See you missed my point Harpo. In no way that I said NGW doesn't worth $1 a share (btw this is a novice way of seeing company. What if NGW issue 20m more share tomorrow, the $1 a share would be worth $0.90)

My post simply communicates that .65 to .80 or lower is where I'm willing to enter.

To this group, it is your business yo decide the buy-in price. I simply point out the facts. It seems that everyone only see the goods and don't want to discuss potential headwinds.

Clonemaster is the only when who seem to have commonsense to assess both end.

It is you decision if you want to believe Harpo. He still has more fund to buy :D

I wouldn't waste my time to figure out who is right or wrong to be honest. We will find out next week. Seem like a waste of time since we all have position in this thing lol....except I am not blind-sided by the stock.

Also - for everyone sake - I use a Discounted Cash Flow model to arrive at the fair value. So I already factor in the profitability in the company. Otherwise - the model wouldn't work since DCF model can only use to value profitable company. So....I am not sure about Harop's short sighted comments toward me.

The answer is yes and no because equity market is forward looking.

Based on my model - the current price is fair value (.65 - .8 CAD). Now to get to this value, I can't just use the financial statement from Q3 2019. I have to factor in those nice growth and Mike Jenning has been reporting over the last few months. And with those earnings, I was comfortable enough to remove the $16 million of "Retain Earning" on the Balance Sheet because I know NGW is cash flow positive so those number will be gone by end of this year. Only then that I get to the .65-.80 fair value.

Now you may wonder - how does Harpo get to his valuation of $1+ or Hunderdog get to his valuation of $2.5+. Well the simple answer is that they use a simple comparable company analysis approach. They simply took the annual revenue of $20M (by the way - this number is also a forecast based on 4.5 million-ish a quarter) and multiple it by the Price-to-Sale ratio of whatever canabis company they feel like it. Now this approach is kind of dumb when it is by itself because you are not really valuing a company based on its balance sheet. You just use the annual revenue and multiply it by whatever other companies are trading at. The number would look totally different when the market sentiment reverse and the P/S ration declines lol....like right now....go look at the level that all the big names are trading at.

And also guys - stop thinking of the company value as Price Per Share. Use the market capitalization - this way you know the relativity of your company to others. Like right now - I think NGW maximum fair value is at $200 - $300million. Any more than that and you would need to account for the 1.5 time increase from Facility C and the future 100,000 lb per year from Facility D.

Last - just because a company is at capacity doesn't meet that the balance sheet can't get any better. They can reduce operational expense (which I don't think they can) or increase margin from sale (which I think they can if the Cookies deal allows NGW to sell at higher price-point.

That is my two-cents. Bottom line - don't just listen to people on the boards. You don't even know who is on the other side. Even all these analysis I just mentioned doesn't even include the market demand. I just assume that they will sell out (see - again that's an assumption.)

Buy more when fund become available....joke I am broke.

The financial won't move the price. It will help me update my financial model but it won't move the price. You guys already know all the revenue and EBITDA from 2020 and Q1 of 2021. Nothing has changed folks.

I am waiting to see people freak out again when they realize that the financial report doesn't move the stock....lol

Buy more when fund become available...sorry, no fund is available.

Nice - we have some Canadian here. I personally believe that this will go down to .5-.6. If you believe me, then you may avoid some sleepless night.

Unloaded all my 100,000 shares. See you all at the bottom. I will be back.

:D I keep bidding it down and it is working.

Not sure why this is a concern.

If you know NGW, you would know that they already made a deal to grown in Columbia in late 2019. People just never talked about it. This is also why I said that They will eventually grow outdoor in California because that is in NGW's initial business plan.

NGW is currently focus on quality. But eventually, they will need quantity and indoor grown can only do so much. Especially when you have pressure from other low cost producer. Now - if you think NGW is like Apple in which consumers don't care much about the price point, then this argument would be shaky. But from my perspective, most people who smoke weeds don't have much money in the first place.