Hi Guys,
It has been a while since I have posted. But really not much to review
that has not already been stated.
Oh, yes, the fact that I have not sold any shares of my NGW holdings.
And in fact added to my position over the past several weeks.
NGW continues to get very, very little attention by the investment
community.
Daily trade count continues to be well 500,000 shares on a 10 day
average.
However NGW is very much under valued at the current share selling price
of about $.37 USD.
Reason being of NGW price to sales currently trading at 3.4 times.
See the money loosing companies with much higher valuations
ACB 6.00 p/s
CGC 10.8 p/s
CURLF 7.4 p/s
TLRY 9.1 p/s
So there you have it guys. For me it might take 1,2,3, or 4 quarters
but NGW story is still going strong. With a new plan for retail,
future expansion of product offerings. And in addition the new grow
facility coming on line with product in the 2nd quarter of 2023,
At some point this perception of NGW valuation will change.
And for one I have placed my bet on this. And I look forward to
the growth story to continue.
Yes, buying more as funds become available!!
