Hi Guys,
Gross quarter sales continue to grow with Q4 2020 at $4,693,973
growing to Q1 2021 sales at $4,844,300 both USD..
Ok, so we did get the news that some of us were waiting for.
NGW continues to grow in sales per month. And in addition they
continue to grow their EBITA with the first quarter 2021 stated
by the company at over 58%. Where by the 4th quarter 2020 was
stated at about 50%.
In addition within the news release NGW stated that they only
obtained full production of Cannabis in the Q4 of 2020.
Therefore for me sales should continue to grow for the next
several quarter as NGW converts their bulk flower sales into
NGW packaged consumer products.
This is the reason for the EBITA growing to 58%.
Also that the Q1 2021 financial statements will be available and
be published by 5/31/2021.
For me share count traded is much higher today and the share
price is moving up nicely. Looking for NGW share price to
break long term support resistance of $.67 this week. And
then continue to move in the higher into its prior trading range.
And the expansion of flower growing facility continues to be
on the previously state schedule with C of O due by the first
quarter of 2022. And that current total grow capacity of flower
for NGW is at 7200 lbs per year. And that the total Cannabis
grow capacity once the new facility is in full production will
be at 20,000 lbs. of Cannabis per year.
So there you have it Guys, NGW continues to deliver on their
stated goals. And yes the company is a microcap trading under
the radar, without much or any public presence. But within a
couple of quarter as NGW continues to put up continue sales and
margin growth investors will begin to really notice how under
valued that NGW remains.
The California Cannabis market is just growing and NGW will
continue to sell out all that they can produce.
Next year at this time NGW will be in production on the way to
growing 20,000 lbs. of Cannabis per years.
And the stock price will take care of itself. See every one
at over $1.50 per share by the end of 2nd quarter 2022. Since
7200 lbs per year currently yield NGW sales of $20,000,000 per
year.
Thereby 20,000 lbs per year sales are at $20,000,000 x 2.77 yields
sales of $55,400,000 per year rate by the end of 2022.
Also at the sales rate of $55,000,000 NGW will be easily able
to continue to build out their Cannabis grow capacity with
the in company profits paying for it in total. And also have
financial resources to further expand as other opportunities
within the Cannabis business become available.
Buying more as funds become available.
GLTA
