3 reasons to buy $nwgff
- CBD products
- High short interest
- The highest producer CBD products and South America
New Age Farm Inc (OTCMKTS:NWGFF) has been relatively underperforming its peers in the cannabis space over recent months. However, this may represent an important opportunity as the company begins to get its South American operations into high gear.
As a case in point. the company just announced that its wholly owned subsidiary, We Are Kured LLC, has sold through the entirety of the original shipment of their 500mg disposable vaporizer pens to its South American subsidiary. According to the release, “Additionally, Kured has successfully shipped its second batch to South America and expects that its subsidiary should move through the product shipment quickly.”
New Age Farm Inc (OTCMKTS:NWGFF) trumpets itself as an agricultural services company that offers turnkey growing infrastructure and services for the licensed growers and processors of luxury marijuana crops at its agri-campuses in Washington State. The company also, through its subsidiary, Kured, LLC,operates as an online CBD and lifestyle company. New Age Farm Inc. is headquartered in North Vancouver, Canada.
New Age Farm is an agricultural services company offering unique turnkey growing infrastructure and services for licensed growers and processors of luxury marijuana crops at its agri-campuses in Washington State. In November 2012, the Washington State Liquor and Cannabis Board passed Initiative 502 (“I-502”).
I-502 authorized the WSLCB to regulate and tax recreational marijuana products for persons over twenty-one years of age and thereby created a new industry for the growing, processing and selling of Washington State-regulated recreational marijuana products. New Age Farm provides innovative solutions for growers and processors in this burgeoning industry.
Kured is a wholly owned subsidiary of New Age Farm, acquired in December 2017. Kured is building an innovative online CBD and lifestyle company. Kured has partnered with best in class hemp cultivators, edible manufacturers, cutting edge product formulators to develop, market and distribute multiple lines of CBD products including, but not limited to, CBD vaporizer pens, topicals, gel capsules and more.
All of Kured’s products are 100% THC free and will be available for purchase internationally. THC, or tetrahydrocannabinol, is the primary active ingredient in cannabis.
Find the Kure
As we discussed earlier, NWGFF just announced that its wholly owned subsidiary, We Are Kured LLC, has sold through the entirety of the original shipment of their 500mg disposable vaporizer pens to its South American subsidiary.
NWGFF has had a rough past five days of trading action, with shares sinking something like -12% in that time. It will be interesting to see if this news can help to shift that tone. So far, it has obviously helped to some extent, but not enough to repair recent damage. Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -42%. As noted above, that may represent an interesting opportunity given the growth we are seeing from this name and its strong positioning in the frontier market south of the border.
Joshua Bartch, New Age Farm’s Chief Executive Officer, stated: “We are incredibly satisfied with the rate that the product is moving in Chile, our first territory in Latin America that we have been targeting. We have been receiving very positive feedback from the current customers in Chile and are looking forward to expanding our footprint elsewhere in Latin America. We are currently bolstering our infrastructure in the region to include a dedicated sales force as well as working on various other logistics to improve our profitability and efficiency overall.”
New Age Farm Inc (OTCMKTS:NWGFF) generated sales of $88K, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 1003.7% on the top line.
In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($433K against $1.7M, respectively). However, while we are seeing this high rate of growth, balance sheet issues may take a back seat.