Hi Guys,
Great news on the video pod cast yesterday.
And I for one agree that they should be leasing an existing building with the "bones" of existing water and electric service already in place.
I have relocated and built several manufacturing factories in my business career. So I have a good idea about what is involved with this project.
And the inside renovations to an existing building would be not too costly for NGW
In fact for example lets take a 60,000 sq ft. facility that was a prior existing manufacturing facility, with good electrical distribution and good water and existing drains existing in the building.
It seems to me grow rooms require HVAC, and plumbing.
NGW needs to keep growing inside. That is their claim to fame to be the very best in the business. And inside growing allows for that control, and quality of product.
The budget would need to put up 28 grow room, install electrical, AC, water, lighting, water feeds, and drains.
I estimate that this could be done for approximately $1,000,000.
So lets add some extra equipment, design, layout engineering start up cost for another $250,000.
This is easily to be financed with the profit that they would make in the third quarter of 2020.
So guys to me this is a great and real plan for NGW.
In fact you all heard it here fist. That NGW will announce this project formally at the second quarterly report in mid August. Or possibly before.
To me it is a no brainer!!!
Buying more here as fund are available.
GLTA
