Hi Guys,
Hi Bridget21, always great to see you post. I will try to make
some points and answer projected 2-3 years for NGW.
Remember these are just my thoughts about NGW and their business.
I do not have any access to any information other than that
is made know to the general public. I am using my over 50 years
of successful business experience as a business owner and
manager to make these reasonable projections.
Ok, so NGW stated today that the Facility B, C of O will happen
by March 2022. So the first harvest from facility B will begin
in the third quarter of 2022. And from a sales dollar amount for
2022 sales could easily reach a pace of $40,000,000 per year by
the first quarter of 2023. And full capacity of Facility B sales
would be hitting the financial reports by the 2rd quarter of
2023. The sales would/could easily be at least $60,000,000 per
year rate US dollars by the mid of 2023. By the 1st quarter of
2022 NGW will announce formal plans to build Facility C. And
construction would begin by the 3rd quarter of 2022. In addition
NGW will have enough
cash flow to finance this additional build of Facility C with
their growing positive cash flow each quarter. In addition
NGW will likely partner/buy additional grow capacity within
California. By the end of 2023 NGW sales run rate will be well
over $100,000,000 per year, and very likely much more.
Using a 6 x multiple market cap to sales 6 x $100,000,000 =
$600,000,000. With 200,000,000 shares outstanding yields a
share price of $600,000,000/200,000,000 share = $3.00.
But this could easily be much more by then if and when
Cannabis legalization occurs. Upper end could be $6-9.00 U.S. $$
Buying more as funds become available.
GLTA
