Hi Guys,
I just reviewed the price to sale of the following weed companies
TLRY,CGC ACB, CURLF (easy to confirm on Yahoo finance)
So there vary in range from 4.5-over 10
Given this information I an making the following forecast for the year end NGW price per share.
Assumptions.
1. 2 more quarterly reports that show a positive cash flow and profit.
2. The start up of the extraction facility, and sales of inhouse extraction NGW products in the third quarter.
By year end NGW should easily show sales of $1,200,000 per month
This would give an annual sales rate of $24,000,000
Lets us the lowest price to sales of the above at market cap at 4 times sales.
4 x $24,000,000 = $96,000,000 divide by 156,000,000 shares outstanding =$.62
My year end forecast for the share price is set at $.60
We should all do very well with our investments.
Adding to my position as $$ allow
Comments welcome
GLTA
