Hi Guys,
Happy 4th of July to all of "youz".
Some of my recent thoughts and quantifications about NGW
Future sales and possible share price valuations.
Easily understood as the NGW has only begun to enter
the massive California Cannabis market. They only announced
selling into 70 retail Cannabis outlets. While there exists
over 700 legal Cannabis outlet in California as of 2020.
Facility A 35,000 square feet, producing at $20,000,000/yr.
Facility B 62,000 square feet, should produce at 62,000/35,000 =
1.77 x 20,000,000 = $35,000,000/yr.
Total sales capable Facility A plus Facility B = $55,000,000/yr.
Facility D projected at 250,000 sq feet.
Facility A plus Facility B = 35,000 plus 62,000 sq feet. =
92,000 sq feet. yielding sales capacity of $55,000,000/ry
Therefore 250,000 sq ft. /92,000 sq ft. = 2.71
Thereby $55,000,000 sales per year times x 2.71 = $149,000,000
Total projected sales per year $55,000,000 + $149,000,000 =
$204,000,000 sales per year.
Lets use a 6 time multiplier market cap to sales 6 x $204,000,000
$1,224,000,000.
And lets say that 2-3 years shares outstanding would be at
250,000,000 shares
In summary share price would easily be projected to be
$1,224,000,000/225,000,000 = $5.44
And likely much more if and when any positive news about
Cannabis legalization becomes a reality.
Yes my 2-3 year projection, and you all heard it here first
$5.50 by year end 2023!!
Buying more as funds become available.
GLTA
