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BlueGreenPower

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BlueGreenPower

Re: BlueGreenPower post# 42

Tuesday, 06/02/2020 10:46:02 AM

Tuesday, June 02, 2020 10:46:02 AM

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Congrats to the NGW team on a record quarter, even under adverse conditions in the country.

Company far exceeded my personal expectations on operating costs and revenues. Happy to be wrong :)

The selling price per gram was lower than I had hoped, but that should start going up with the THC levels recently achieved.

Personally think they will go cash flow positive in Q2. Looks to me like they need around $1.6M per quarter to break even. They might be there already. Hopefully a update with a glimpse into Q2 will be forthcoming.

Still very positive about the future of this investment. glta

Posts are my opinion only, and not advice of any kind. glta

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