RE:RE:Is this life after death for MGW? With the issuance of the Hemp Seed Cultivation Licence, if they can start the Hemp Seed Cultivation program announced back on Oct 31, 2019, they could start producing 350 pounds of CBD enriched seeds every two months. At the average selling price of approximately US$3,500 a pound, that could generate US$1.225 Mil every two months (or US$7.35 Mil/year). This is a good starting point to then proceed with further plans such as expansion, additional marijuana products, acquisitions (of Woodmere Nursery), debt repayments and continued growth with multiple revenue streams and products.
Given the company’s history in implementing plans, there is some inherent risk, but that is present in all marijuana stocks. Given the potential of a VERY large market cap of this company in the future, and based on these prices today, I am willing to take a those odds and add to my holdings!