Hi Guys,
And yes, NGW stock is trading down to very low levels.
But, good things will come to those who wait.
The up coming start up of the NGW retail Cannabis sales operation
with take NGW to a new higher level in sales and profits.
NGW has stated that they grow over 9500 pound of Cannabis per year
within their current facility.
Also stated that NGW recently has improved its yield 15%.
Retail sales of Cannabis in California is ranging from $3000-4500
So lets use $3000 per pound.
And let us use 9500 pounds per year x $3000/pound selling price.
So 9500lbs. x $3000= $28,500,000 per year.
That's right guys see you all next year at sales moving toward
$30,000,000 per year for NGW.
And this does not include any addition flower growing addition from
the new facility. Due to come on line in the second quarter 2023.
So, for me I am not selling any of my shares.
I will add as funds become available.
And I will sit back watching the Cannabis market in California keep
growing. And while all this is happening NGW share price will be
a significant improvement in it price per share.
Valuations at sales of $30,000,000 per year will be much, much higher
than today sale price. Oh,
another important point. How much profit will NGW make per year
with sales of $30,000,000. For sure enough to fund its next level of
expansion.
The growing California Cannabis market will continue to provide
the sales and profit growth for many years ahead.
Buying more as funds become available.
GLTA
