Hi Guys,
Ok further my recent posting...…..where I summarized the reasoning for first quarter 2021 NGW sales to move towards $1,850,000 U.S. dollars per month.
So $1,850,000 x 12 months = $22,200,000 per year.
There are approx. 165,000,000 shares outstanding as of the last quarterly report.
So lets use 170,000,000 x current price of $.1750 = $29,750,000 market cap
Market cap to sales is therefore $29,000,000/$22,200,000= 1.3 times
Weed sector stocks are current trading at between 2-4 times market cap. And some even have extremely high valuations based upon market speculation for their future. Also these companies are not making a profit. Market cap to sales currently as per yahoo finance TLRY 3.52, ACB 3.44, CGC 17.79,CRON 58.21
So there you have it Guys. In my not humble opinion we should easily be trading at or above $.50 in the first quarter of 2021
Buying more when funds become available.
GLTA
