chuck29:
Okay..............I'm going to say this as gently as possible. Have you really researched this company at all? Have you listened to any of the conference calls? Are you aware that to date, NGW hasn't harvested even one crop from their Coalinga facility? Do you understand that their very first harvest will happen next month, just a few weeks away? And since there has been no harvest yet, how could one possibly expect to walk into a dispensary anywhere and see NGW Cannabis products on the shelf? Why do you think I and others have long espoused how important this first harvest is and why it is such a red-letter date for this young company?
This first harvest is the result of more than a year of very hard work conducted by the company. It establishes the first revenue stream of substance for the company. Also, Leigh has stated that NGW is going to have to limit the markets their products are introduced to. The reason? The demand is already outstripping the supply. The company has also stated that they expect roughly 50 harvests per year, so roughly, a harvest per week. But still, the demand is significant and the supply is limited.
For me, the big question is: When are they intending to construct the next facility and how do they intend to fund that construction?
Don't get me wrong. The existing facility is fabulous and it is a huge, huge achievement to have it producing, but it simply cannot adequately supply the demand.
