VGW Bounce Back Test @ $4.20Looks like a good back test after an all time high today. VGW is travelling in an ever narrowing channel. It could break up or down. The will announce EU GMP certification soon which should give it a lift.
VGW
VGW Pushes to Upper ChannelLooks 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= $1.23/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.
VGW setting up into EarningsExpected earnings date is April 30th, though it could be announced earlier. The flag on the 15min could either be setting up to go higher of return to the trend in preparation for earnings.
I can see this stock going much higher. If compared to the current share price of LABS, I think it should be somewhere around $9.
LABS capacity 150T/a
Market cap: 507M
Cap/Capacity: 3.38M/T
SP: 5.24
VGW capacity: 240T/a
Market cap: 288M
Cap/Capacity: 1.2M/T
SP: 3.46
If based purely on current capacity, VGW should be $9.74 if it is valued equally to LABS.
Increased bull volume for RTI RTI gapped up on news of it obtaining a standard processing license, then dipped down, almost closing the gap until follow up news broke that RTI is now operational and starts to generate revenue. She broke clear of the $1 level, though she may of course consolidate below it again. Increased bull volume, however, tells me investors are aware of RTI's potential in the near term.
For those that think Valens is the play, in my opinion Valens WAS the play. Radient has disruptive extraction technology, living up to the expectations of big demand. What takes hours at Valens, takes only minutes at Radient, and the extracts are more potent. Hard to say what's next, but RTI is a clear long play, and once it starts to present deals and earnings, we'll see her up there in the $3 to $5 range.
Did you know that RTI will be extracting for Aurora? Did you know that Radient has enough extraction capacity to process about 10 times Aurora's full production capacity?
I see enormous upside for Radient.
I bought the dip. Did you?
