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Re: TMack01 post# 7092

Friday, 05/29/2020 11:30:56 AM

Friday, May 29, 2020 11:30:56 AM

Post# of 14223
Hi Guys,

For certain NGW as a start up has made some major and costly business decisions. These decisions have taken them to their difficult operating position as of today.

Most of us long time followers know of these mistakes. But some of the bigger ones are outlined below.
For example the license branding of their quality product, and giving away all profit with no return. Investing in South America venture with no certain control or return.
Delay in construction and start up of their growing and extraction business. Start up of a company store. All of these things cost a lot of money with out the sales and profit return on investment capital and management time and energy.

These costly errors cost investors a lot of $$$$. With extra stock and option grant issues to keep the cash flow going into their operations.

For me most of these costly errors are in the past. However the delay obtaining the C of O for their extraction facility is of much concern. And a costly one, since the gross sales numbers and profit from the extraction of the by product parts of the grow are significant.

I stay invested since I do believe that they are now staying on a direction for their base business. That is growing high THC yield flower, and great extraction products under their own NGW brand.

We know the first quarter will be only a glimmer of light in sales numbers, given the delay in start up of sales of planting less plants per room as they prove their process, and not to mention the delay in start up of extraction.

Hopefully that management can shed some outlook for the ongoing operations and sales story as it has developed over the last two months.

It's all about growing and improving the efficiency of the plant count per room. And in addition the start up of the in house extraction for CBD oils and other products.

The market place is taking care of itself with the demand for high THC content product and the pricing slowing growing in the last several months

Next quarter will be the start of break even cash flow and more to come.

I am not selling any of my shares. And I do look forward to the quarterly report whenever it is released. Hopefully sooner than later.

GLTA

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