Hi Guys,
Good post Sam 1992!!
On another topic. CEO do we need one now or not??? Big question but for me a very clear answer.
For me Mr Jennings and the BOD have clearly presented their business objectives for the next 16 months.
That is in summary.
1. Continue to expand the NGW branded products distribution throughout California. That is increase the sales of Rolls, Vapes, Lotion, and gummy bears.
2. Start up and expand the in house use of and sale of the NGW clone seedlings using the Boticelli cloning method.
3. Startup the in house extraction capability using the NGW unique no chemical extraction process. And promote products with this no chemical proess in their creation.
4. Design, Engineer, and build the next 50,000 square foot Cannabis grow facility.
5. Begin to yield Cannabis flower and trim from the new 50,000 square foot Cannabis facility. Sell more Cannabis jarred flower and extracted product from the added Cannabis capacity of new facility.
These are major business goals for NGW. They are stated by the company and are specific in their nature. They are operational and no not need a CEO to deliver their results. Mr. Jennings and the NGW team have shown that they are fully capable of carrying out the day to day operations of their existing business. And Ryan Lange and the sales group has shown that they know how to service and sell to the California distribution market for Cannabis product.
So this takes NGW into the second half of 2022. The final Cannabis flower grow facility D build out schedule is announce and likely in the build out stage. At this time for me it would make business sense to add a CEO with much Cannabis market knowledge that would/should/could be able to take NGW into the next level of their growth. This person would have Cannabis business knowledge and market experience needed at this point for NGW. And the correct person would/should/could be able to take NGW to the next level. Expand further in the California Cannabis market, either by NGW retail stores or more products placement in existing retail market combination of both. And also begin business plans to take NGW to their next growth market outside California. Wherever that might make sense at that time.
This would be my call using my many years of business experience. And if I was on the BOD.
Buying more as funds become available.
GLTA
