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Re: Bridget21 post# 7277

Friday, 06/05/2020 12:25:30 PM

Friday, June 05, 2020 12:25:30 PM

Post# of 14223
Hi Guys,

Great Zoom conference call yesterday. GLTA

For me a couple of major points were made.

1. Mike stated as NGW business goal that they will move their product mix from bulk flower currently 80% of sale into pre rolls high THC content currently 20%. Into 80% pre rolls and 20% bulk.

This is a very big revenue shift. And see the link below as to support my reasoning.

https://elementalwellnesscenter.com/shop/c/Pre-Rolls

very high THC 25%+ pre rolls each retail for $15.00 per .75 gram
This works out to 456/.75 = 608 x $15.00 = $9120 per pound.

Ok this is retail pricing lets divide by 3 to get NGW selling price per pound = $3000/pound

They grow approx. 500 pounds per month x $3000/lb. - $1,500,000.

Just for flower product = $18 million per year.

Ok, lets add the extraction business starting in the 3rd quarter

And plantlets Botticelli cloned starting sales in 4th quarter.

Easy to see sales moving towards a annual pace of $25-30 million.

At price to sales 4 x $25 million = $100 million. With 156 million shares outstanding the share price should be at 100/156 = $.65

And my forecast for the year end 2020 price.

The above reason is why I am adding shares at the current price level!!!!

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