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Friday, January 06, 2017 4:26:10 PM
WF probably had a harvest of 1,900 lbs from the summer and little of the sales from this harvest are reflected on 502data.com. Just wait, bigger numbers will appear. In fact WF had a $200K sale on Nov 1st, and then another huge sale just before New Years. It will be a while before 503data.com shows these numbers.
The first indoor harvest was going on over the holidays and regular harvesting will be occuring every 30 days. All this revenue for Wildfire means that CGRA will be getting more and more rent over the next 6 months.
When will the CGRA's lease revenue from this one tenant go over 100K a month?
What does this type of lease revenue make the real estate worth in Chewelah? What is the current value of the RE on the books? When the RE is revalued properly, based on the income approach, how might that move the market value of the company (stock)?
One lease probably makes this property worth >$10M. How about a second lease, and how many other cannabis operations can be added on the Chewelah property?
Wright is building ORGANIC value into the share price. When it goes up, it won't come down. Speculators need to know this and stop expecting a present every morning when they check the price, looking for a press release, or puff piece on whats doing with the company. It's human nature that shareholders get anxious, when we know something good is going to happen, we just get impatient like a kid waiting for Christmas.
News will be released in a timely fashion, when the facts are known, and proven to the satisfaction of the company. I'm sure they don't want to take anything back. They will be very cautious. They have certainly make mistakes in the past, releasing news that they thought was solid, but stuff happens and things did not work out. They are more in control of their destiny now, and what they now say, and what they have said over the past two years is working - certainly slowly for us impatient types, but not for the management that is building this value for the shareholders.
When it comes to disappointment in some of the their past failings, going back to 2012, I am at the head of the line, because I have owned stock since then. Yep - bought for $0.05, and have been tracking CGRA, and Wright since then. He does not quit which is why I have been following him. When I found out abut the bond, and the move into cannabis, I can only say I bought a significant fraction of the stock on the open market and I have not been disappointed.
To quote MFI one of the former moderators - one day it will be "Boom! CGRA".
Cheers
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