InvestorsHub Logo
Followers 4
Posts 574
Boards Moderated 0
Alias Born 06/09/2016

Re: Harpo1 post# 9705

Monday, 11/09/2020 1:49:57 PM

Monday, November 09, 2020 1:49:57 PM

Post# of 14223
Hi Guys,

As far as NGW is concerned yes the Democrats winning with their stated goal of decriminalization of weed is good for NGW.

But the senate is likely to be maintained with a GOP minority.

And new legislation will be difficult to pass thru congress, near term. That being with the GOP having the senate majority votes.

But NGW has stated on several occasions that the business goal is to be the premier "weed' company in California.

And also they stated that California is the largest market in the U.S. currently.

The California market can easily support NGW's business plan. As they add flower grow capacity. NGW sales could easily grow 10X and become several hundred million dollars per year within the next 5 years. As NGW builds out and sets up their next grow capacity at the current location.


Sure the U.S. weed market will grow and will change in the future. In a couple of years as set up of New Jersey and New York add to legal weed sales.

For NGW legal weed sales nationally means only one thing my opinion. That is financing for NGW growth in flower capacity build out. The financing will become a lot easier for NGW.

This is the only, and very important outcome for NGW.

Buying more as funds become available.

GLTA
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.