MGW's market cap is Questionable?????Look at this deal LAG, with less shares outstanding and way, way more revenue in one month than MGW has ever done.
Why is MGW trading at 40 cents??????
Laguna Blends' May sales at $1.61-million
2017-06-05 13:19 ET - News Release
Shares issued 95,188,964
LAG Close 2017-06-02 C$ 0.10
Mr. Marcos Agramont reports
LAGUNA BLENDS ANNOUNCES CORPORATE UPDATE AND APPOINTMENT OF DIRECTOR
Laguna Blends Inc. has released its unaudited consolidated sales figures for the month of May, 2017. The company recorded sales of $1,615,694 CAD for the 30-day period ended May 31, 2017. The sales were generated primarily from its wholly owned subsidiaries, including Isodiol International, acquired in the middle of the month. With the inclusion of Isodiol's internationally recognized market brand names, as well as recently developed direct sales channel, the Company is well poised to expand its market share.
"We believe we are at the beginning of some significant global operational highlights that will give us a solid foundation for customer engagement and retention, while accelerating Laguna's pace of innovation and competitive differentiation, for a foundation of strong profitability and revenue growth in 2017," said Laguna Blends' CEO, Marcos Agramont. "I am extremely optimistic about our Company's worldwide growth opportunities and long-term vision as a leader in the distribution of healthy cannabis based products."
Laguna will be attending the Cannabis World Congress and Business Expo in New York City June 14-16, 2017 and looks forward to substantive dialogue with distributors and institutional investors as it continues to develop its various sales channels and brand awareness. Additional information on this will be provided in the coming week.
The Company also announces the appointment of Aman Parmar to its Board of Directors. His corporate experience includes 12 years working with both public and private companies in the Health Care, Resource, Manufacturing and Real Estate sectors. Aman has extensive experience in the capital markets and has been involved in corporate restructurings and financings for both public and private companies. He obtained a Chartered Accountant designation in 2012 and holds a Bachelor of Technology in Accounting from the British Columbia Institute of Technology.
Mr. Parmar stated, "As we move forward and develop as an organization, I'm very excited to be a part of this immense opportunity. Laguna is positioned in becoming a global leader in the Cannabis industry in the very near future."
Laguna will be providing additional operational updates in the coming week.
About Laguna Blends Inc.
Laguna Blends is a market leader in the distribution of cannabis based products. Laguna's growth strategy includes acquiring and incubating companies that formulate and/or manufacture cannabis products. Laguna provides the highest quality products and experience for consumers, utilizing a proprietary nanotechnology in its consumable and topical skin care products. Laguna is currently seeking joint ventures and acquisitions to expand its portfolio and will aggressively continue its international expansion into Latin America, Asia and Europe throughout 2017.
We seek Safe Harbor.