Hi Guys,
Craig, I am still processing this very, very good and most important news for NGW.
Mr. Jennings and NGW found a way to partner with a major retail sales outlet for high quality Cannabis throughout California, U.S. and international.
COOKIES, stated that they will be expanding in 2021 to double their current total open stores across the U.S. and internationally.
With certainty the expansion for the next year only in California will make business sense for NGW. But with the current political changes coming a lot of things could change within the next two years in the Cannabis space.
But for me NGW has found a direct path to increase sales in late 2021 and 2022. This terrific business deal will move up the expansion plans for flower growth within the NGW location. And I would not be surprised to see a detail announcement about the next planned flower growth facility announced by the 3rd quarter of 2021.
As far as sales for 2021 are concerned NGW I remain even more bullish for the sales growth. I see sales moving by the 2nd quarter of 2021 into at least $2,500,000 per month. Or a run rate of at least $30,000,000 per year. And the stock share price should be easily trading at new all time highs.
If we use price to sales of 3 x at $30,000,000 = $90,000,000/170,000,000 = $.53 USD.
And 2022 sales should easily move toward $75-90,000,000.
With the share price trading at between $1.25 - 1.50.
This in my somewhat informed opinion and mine alone, with no other reason except the pure intellectual joy!!!
Buying more as funds become available.
GLTA
