Hi Guys,
Sam thanks for your detail thoughts.
However I still remain at my projection as previously stated.
Easily should/will be at $1.00 per share by release of the first
quarter earnings 2021 report.
Also remember that NGW has gross margins at or near 65%. And they
are profitable!!!
In addition they are cash flow positive, and adding to their cash
balance sheet every month. Financing their expansion in Cannabis
flower growth using in house profits.
Ok, yes that money is already spent in 2021 to build their new
facility. But they have the money to finance with in house
profits. And will/can keep improving margins and monthly sales
dollars as they further convert from bulk sales for package
goods, either under their own name or for COOKIES. And for me
it is ok to invest in companies that are growing and you have
a strong knowledge base that 2022 will be even a larger growth
year. Ok, too early to know the exact timing but by mid 2022
their new facility will be in full production. And yielding
Cannabis flower and other products that should/will easily
move NGW annual sales to over $50,000,000 per year. And easily
producing enough profit allow for the in house self financing
of their next expansion. Either another on sight grow facility
or the purchase of addition capacity and partner with others
in their industry.
Sam, your short sighted position just does not work for me.
and yes adding to my position as funds become available.
I have not sold one share of my somewhat large position.
GLTA
