With technology such as EnWave, New Leaf Ventures’ (NLVVF) steady growth and expansion quickly elevates it to the top of my must-own pot stock list. With a fully compliant, state-of-the art 30,000 ft2 facility, New Leaf (NLVVF) is an established Tier 3 producer and processor.
Tier 3 is how Washington State classifies its largest legal cannabis companies.
As a seasoned producer and processor, New Leaf (NLVVF) earned its lofty status because of its multi-faceted strategy that focuses on cultivation, processing, packaging and distribution of cannabis and cannabis retail products.
This allows the company to capitalize across each market segment.
Moreover, in such a highly regulated industry, New Leaf’s (NLVVF) Tier 3 rating is not only testimony to its thorough understanding of the cannabis market, but to its key relationships with the LCB, Department of Agriculture, Department of Health, and Cannabis Alliance.
New Leaf (NLVVF) has also formed calculated partnerships by facilitating recreational supply agreements with local farmers and product supply arrangements with unique premium CBD producers. These alliances give them a nearly unlimited potential for growth as the industry evolves—while other processors may be capped by short supply.
The company’s 30,000 square foot production facility—combined with its supply relationships—currently provides New Leaf (NLVVF)’s contracted License Holders with the capability of producing and processing 22,250 pounds of cannabis per year. In fact, New Leaf (NLVVF) ranks in the top 3%[v] of all cannabis producers in Washington State.
While that is impressive, New Leaf (NLVVF)’s license holder could see its production increase a whopping 362% after one operational change planned for later this year. This addition will give the company the capability to produce 104,000 pounds of cannabis. That equates to nearly 10% of Washington’s total cannabis production last year[vi].
With premium-grade cannabis priced around $1,600 per pound wholesale in Washington[vii], once New Leaf makes this production change, it could be sitting on a mile-high pile of premium pot[viii]
It’s easy to see that the forecasted 367% increase is one of the main reasons New Leaf Ventures (NLVVF) reports the potential to hit $30 million in revenue over the next three years. It’s also the biggest reason that New Leaf (NLVVF) could soar from a virtually unknown pot stock to the hottest ticket in town.
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