VGW Pushes to Upper Channel
Looks like two main channels that VGW is running in. Possible back test tomorrow to $4.25. If it stays on target, I'm looking at a price target of $5 by May 10th.
Revenue increased to $2,220,200 for the first quarter of 2019 compared with nil in the same period in fiscal 2018.
1,796,000 grams of dried cannabis and hemp biomass was processed in the first quarter of 2019.
2.22M/1.8M= 11.23/GRAM
Profit was 38%
Current capacity is 240,000kg. If they complete all output, the revenue will be around 295M. This gives projected annual revenues of 112M. Market Cap is 433M.
Revenue increased to $2,220,200 for the first quarter of 2019 compared with nil in the same period in fiscal 2018.
1,796,000 grams of dried cannabis and hemp biomass was processed in the first quarter of 2019.
2.22M/1.8M= 11.23/GRAM
Profit was 38%
Current capacity is 240,000kg. If they complete all output, the revenue will be around 295M. This gives projected annual revenues of 112M. Market Cap is 433M.
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