Hi Guys,
Cresus2019 in answer to your question. There are a few important points to make.
Mike has stated in a quarterly report web chat that his near term goal is to move NGW sales from bulk flower 90% and 10% packaged weed products. Into 10% bulk flower and 90% packaged weed products.
As this business goal is put into place over the next few months revenues will be significantly higher. That being said without the additional flower growing capacity. In additions the gross margins have been stated by NGW that packaged product is yielding 60% gross profit!!
Also the start up of the cloning facility will add additional revenue to the monthly sales. Start up in 4 quarter 2020 adding to revenue in the first quarter of 2021.
My forecast is for monthly sales moving towards $1,800,000 per month by the end of the first quarter 2021. That is $$ that would allow for in house financing of the next NGW grow facility. At yearly sales of almost $22,000,000 and a gross profit of over 50%
NGW could easily in my opinion get the bank financing to build their next facility on site.
Another important point about the stock pricing of NGW shares. The weed sector in total is way out of favor for the wall street investors.
If and when the Democrates win the election they will act on their stated goals of decriminalization for Cannabis. This in my opinion will open up the speculation by wall street for all the stocks in the weed sector. Valuations will go higher overall for all of these companies. And along with way NGW will get it higher valuation in market cap. And there by a significant increase in the share price for NGW.
Buying more as funds become available.
GLTA
