Hi Guys,
Prickly, it seems to me that NGW needs to continue to deliver
on their business plan.
Most of us know the important milestone of business objectives
that have been set by the management of NGW.
The are listed for some of us newbees.
1. Build their next Cannabis flower facility
2. Continue to expand the product of NGW branded packaged items
i.e rolls vapes, gummies. etc
3. Continue to expand retail distribution through COOKIES,
and other distributors.
The outside factors include the Congress voting to allow
banking for Cannabis companies, and also the decriminalization
of Cannabis.
In my opinion as each of these above business objectives are met
and or Congress passes improve legal status to Cannabis growing
companies, NGW will be given its upside valuations.
Oh, another point in my analysis I only used conservative annual
sales run rate of $20,000,000 per year.
Most of us do expect that that will move easily into $24,000,000
run rate of sales per year. And yes the share price target would
be much higher. For me a $2.00 USD share target by year end 2021
is a likely goal.
Buying more as funds become available.
GLTA
