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Re: Bridget21 post# 10130

Tuesday, 12/01/2020 10:35:51 AM

Tuesday, December 01, 2020 10:35:51 AM

Post# of 14223
Hi Guys,

My thoughts about the current status of NGW.

So, so quarterly report, but much better news with the immediate release of sales and gross profit for November.

They stated that they only established full capacity growth in the 3rd quarter of 2020. Also NGW only started to add in house extraction product within the last couple of weeks.

Sales should now continue to grow nicely each month. With the addition of NGW branded products. And also expanding their retail sales outlet locations.

We will get a lot more information on the next management update stated as scheduled for December 11,2020.

In the next few weeks NGW will trade within its current technical trading range of $.25-.$.29. There is no currently announced business reason for any further movement up or down. Although the new "Weed" laws being considered shortly might give NGW a leg up.

For me the recent news of changes in the Board of Directors is to be expected at this point. These men have done their job. NGW will receive new Directors upon its next leg of financing, that will be used for the expansion of the flower growing capacity within their current location.

Sure they will have some dilution of shares for this financing. But hopefully they hold off for a couple of months to establish more of a cash cushion for their total business. The company valuations should increase nicely during the year of 2021. But please remember that a new grow facility is a 15 months project at least, until any revenue is seen from that facility. More like a 2022 story. Which is ok by me.

Slightly positive for me at this point. But nothing really has changed for their business. And this in my opinion is why the stock has not added more valuation at this point in their growth.

GLTA

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