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Re: chuck29 post# 6577

Friday, 04/24/2020 7:37:33 AM

Friday, April 24, 2020 7:37:33 AM

Post# of 14223
I've had correspondence with the company and they said they had to lay off employees and Caroline is one of them because of pandemic... they took these measures because in the words of Paul Chow "to ensure the viability of our business ensuring that the most vital part of our business (Facility A) remains in full operation." (FYI This is not a worry of mine as everyone I know in business has done the same. Have to cut where you can and make it through strong, which I believe NGW has and is doing...)

With that he said that they are seeing parts of NGW flourish. And they are things we know but it is nice to hear it straight from PC's mouth:

"Our harvest cycle has been reduced from 14 weeks down to 10 weeks; the plant density in our garden has increased; the new genetics have tested into the high 30% THC range; and we have established some strong relationships with distributors and resellers of cannabis products. In addition, we are nearly selling all that we are producing at our facility at premium prices."

They are anticipating Q4 results posted by end of next week and annual end of May. PC was very helpful and professional in answering all my questions... except for one, the conference call. No direct answer for on that yet. Hoping they will consider and do it at the end of May with release of yearly financials. We are overdue.

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