InvestorsHub Logo
Followers 4
Posts 574
Boards Moderated 0
Alias Born 06/09/2016

Re: Bridget21 post# 13793

Wednesday, 11/10/2021 1:22:42 PM

Wednesday, November 10, 2021 1:22:42 PM

Post# of 14223
Hi Guys,

It has been a while. I am still holding all of my shares.

Here is some of my positive thoughts with consideration of the most

recent NGW news release for their new product of NGW branded Sauce cart

2.0.

So we knew 2 quarters ago that NGW was selling into almost 80 retail

Cannabis location.

And lets say ( for easy math) that they have increased this store

sales point to 100 locations.

And lets figure that conservatively that a Cannabis store will sell

about 50 Sauce carts of NGW product per week. ( about 7 per day)

NGW stated that they have sold over 2000 NGW sauce carts in their

first week of product retails sales.

High quality Cannabis sauce carts retail price between $40-$50.

So lets use $40.00 retail selling price.

And lets estimate that NGW gets $18.00 per NGW wholesale selling price.

So here is the math for addition sales dollars and high profit from

NGW branded sauce carts.

100 stores x 50 NGW sauce carts per week x 52 weeks = 260,000 per year.

And therefore $18.00/ unit x 260,000 = $4,680,000 per year.

https://www.leafly.com/news/industry/californias-marijuana-business-outlook-2020

Oh, yes there were 600 retail California Cannabis location in 2020.

With a projection for 300 more stores opening in 2021.

So lets say that NGW sells their product into 25% of the retail location

within the next year.

So 250 stores x 50 NGW sauce carts per week x 52 weeks x $18 =

$11,700,000 per year.

So yes I continue to stay with my positions.

And buying more as funds become available.



Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.