Next Green Wave (fka NXGWF)

[Sam_1992]

Upcoming catalyst that I see:

1. The deals that NGW will supply for Cookies is supposed to be in Q4 of this year or Q1 of next years. That should help with a bit revenue increase. I won’t be a lot because our capacity is max out.

2. Hopefully the mid term election will move some needle on the MORE Act. But I never bet on government workers to finish anything. So this is a low probability for me.

3. I really do hope that supply chain price subside in Q1 of next year. This will be a huge factor if NGW will have to spend millions more on Facility B due to hyper inflation.

4. On time completion and revenue generation of Facility B by Q4 of next year.


My biggest risk about this company is MANAGEMENT. I have serious doubt in management right now, both in turn over and the fact that they are focus too much on the share price. And PR wise for each of the leader in NGW, none of them have good reputation and appeal that would attract whale. And the new director gives me hint that he push himself in. We DO NOT need two lawyers on a board unless you plan on screwing investor.

Maybe Mike Jenning is well known in WEED industry but NGW need a partner that can help them get cheap capital, not this 10% per year BS and options with exercise price next to nothing. You might as well call it money laundering. Who knows if the Debt issuer kickback any profit to these guys.

Okay outlook thought if you can wait till 2024 lol
All in all, I have trust issue in management.