Hi Guys,
For sure NGW is undervalued relative to other Cannabis growing
companies.
Reason being that they are a micro, micro, cap company. No one
from Wall Street has NGW on their radar. In addition NGW has not
spent any of their inhouse marketing money to pay for an analysis
review and publication of the business and price forecast for
NGW. Other companies of their market cap size spend money in
this areas to create buying interest in their stock and move
the stock price higher. But this is not on the business radar
for NGW. And I am ok with this, since slow and steady wins for me.
The valuations are at least 25% undervalued in market cap to
sales analysis, relative to other Cannabis growing companies in
their industry. The details of which I have present several times.
And for me there should be a valuation increase with the next
quarterly release of financial for the year end report. And an
addition an valuation increase showing the first quarters sales
and profit number which those of us who have followed NGW feel
that we should also see a nice increase.
The above and the near term news of Coalinga town and building
department approval should easily move the price to new highs.
For me I am thinking that at least $1.00 USD per share should be
a reasonable first move. And then upwards from there as business
partnerships and other sales milestones become a reality.
And yes, I do agree that the $2.00-$2.50 USD share price will
be seen by the first quarter of 2022.
Buying more as funds become available.
GLTA
