Next Green Wave

Seed to Consumer Premium Cannabis Products

This profile is part of a paid investor education campaign.*

Overview

Next Green Wave (CSE:NGW) is a vertically integrated seed to consumer producer and reseller of cannabis products and is building a world-class business and innovating a premium portfolio of brands in California.  Led by a multiple Cannabis Cup winner for producing seeds and hybrids, and a team of seasoned executives, NGW strives to distinguish itself to be a dominant provider for cannabis products and services.

In January 2018, Proposition 64 became effective which allowed for adults aged 21 years or older to possess and use marijuana for recreational purposes.  The impact of legalizing marijuana in the 5th largest economy in the world will have a tremendous impact for legal cannabis businesses operating in the state for years to follow.  In 2017, marijuana sales in California were estimated at $2.76 billion and the forecast is expected to more than double to $6.3 billion by 2021 according to Statista1.  NGW will be well positioned to take advantage of the growth of a fragmented cannabis industry that is moving from the grey market to the legal market.

NGW is well-positioned to participate in the tremendous growth in the cannabis sector.  As of August 2018, NGW has raised over CAD$ 21M through investments from Canada, USA, Europe, and Australia, to fund the development of the company.  The investment has aided NGW in the acquisition of cannabis zoned development land; phase one construction; equipment and building acquisitions; branding and marketing; as well as potential corporate expansion.

1 https://www.statista.com/statistics/797947/us-california-cannabis-sales-value-forecast/

Company Highlights

  • Fully integrated seed to consumer business model in California
  • Conditional Use Permits (CUP) for medical and recreational cannabis operations which consist of permits for the following:  Nursery, Cultivation, Extraction, Distribution
    CAD$ 21M raised in 2018
  • Acquired more than 15 acres of development land and building; up to 350,000 sqft of potential floorspace for cannabis operations
  • Phase one construction (35,000 sqft indoor facility) commenced and expected completion Q4 2018
  • Cannabis industry experts and seasoned corporate management team
  • Multiple M&A activities underway
  • Proprietary intellectual property and operating procedures
  • Leveraging industry relationships
  • Canadian Securities Exchange (CSE) listing in October 2018: (NGW: CSE)

Click here to view the Next Green Wave Corporate Presentation

NGW has secured multiple CUP’s for both recreational and medicinal cannabis operations in Coalinga, CA, which are fully compliant with the Medical Marijuana Regulation and Safety Act (MMRSA) new state regulatory framework.  NGW has acquired permits for:  a nursery; cultivation; volatile and non-volatile extraction; and distribution. The granting of all the permits listed is uncommon and will vary from municipality to municipality.  Together, these permits will be advantageous to NGW as it will allow for production and seamless distribution throughout California to fulfill the seed-to-consumer experience.

NGW’s management team is headed by Mike Jennings who has been working in the cannabis industry for 20 years. He is the co-founder of the highly acclaimed Loud Seeds breeding and cultivation company. Loud Seeds has won the High Time Cannabis Cup five years in a row and has been named one of the top 40 seed banks of all time by High Times magazine. On top of this, Jennings has extensive experience within the cannabis industry, which provides NGW with access to multiple commercial and retail channels to sell and distribute its products. Showing their investment in the company, management also notably holds 45 percent of the company’s shares.

NGW Business Model

As of August 2018, NGW has raised over $21 million dollars. The company plans to use this financing for the construction of Facility A, including the purchase and installation of equipment and utilities; the retrofit of Facility C; and the acquisition of Facility D. The company will also use the funds to finalize the supply chain of seed-to-sale and to ensure it complies with existing CUPs and California’s legal framework as well as for the execution of brand and marketing strategies.

NGW has been granted CUPs for;

1.     Nursery

a.     NGW has a library of award-winning seeds and clones to utilize. The company is focused on developing new strains and in acquiring exclusive premium seed varieties from other seed banks.

b.     The nursery will be capable of cultivating hybrid strains and be a supplier of clones, seeds, and seedlings to retail and wholesale markets.

2.     Cultivation

a.     Producing premium, pesticide-free cannabis flower

b.     NGW aims to be an industry leader with its state-of-the-art fertigation, integrated pest management and cultivation techniques.

3.     Extraction

a.     This CUP allows NGW to manufacture both volatile and nonvolatile cannabis products.

b.     The Company is also permitted to produce and infuse THC and CBD into finished products, such as edibles, topical products, and vaporizers.

c.     The company will be capable of processing their own inventory as well as third party biomass into oils, waxes, shatter, terpenes, distillates and finished products.

4.     Distribution

a.     Transportation and distribution capabilities makes NGW one of a few companies with a CUP for distribution. This allows them to sell products to licensed retail stores and allows them to act as an intermediary for products from other companies that require distribution.

Facility Construction Projects

Facility A (Under Construction)

Facility A is currently under construction with completion expected by the end of 2018. The facility is 35,000 sqft and will be used as an indoor growing operation as well as NGW’s operational headquarters in California.

Facility B

Construction of this facility is expected to commence in the first half of 2019. This facility will cover up to 50,000 sqft and will accommodate expansion of the nursery, cultivation and distribution as Facility A reaches capacity.

Facility C

A 3,240-sqft nursery, extraction and distribution operation under joint venture with an NYSE-listed bio-tech company. This facility will also accommodate research and development of new cannabis strain technology.

Facility D

A proposed 250,000 sqft mixed-light, deprivation greenhouse for which NGW is currently developing a site plan.

Management

Mike Jennings — CEO & Director

Mike Jennings is a Californian native from the Central Valley that has been working in the cannabis industry for 20 years. Aside from focusing on multiple large scale cultivation projects, he has specialized in owning and operating dispensaries and medical offices specializing in cannabis.

Jennings is the co-founder of Loud Seeds, a multiple High Times Cannabis Cup winning cannabis breeding and cultivation company. He has been involved in cannabis cultivation, breeding and marketing for more than 15 years and has established multiple brands in both the United States and Europe. The development of these brands and their position in the industry has enabled Jennings to develop close business relationships with the leading cannabis seed breeders, distributors and collectors providing unparalleled access to cannabis genetics.

The company, Loud Seeds, has been named one of the top 40 seed banks of all time by High Times magazine and has been inducted into the Seed Bank Hall of Fame by High Times magazine. Loud Seeds has also appeared in multiple articles and features in High Times magazine, including The Million Dollar Grow Room, America’s Next Pot Kings and Top Ten Strains of the Year.

Leigh Hughes, B.Comm — Executive Chairman & Director

Leigh Hughes is an integrated marketing communication and innovations professional with more than 15 years experience, owning his own firm that had clients across global markets. He has been nominated twice for Young Australian of the Year and was a nominee and winner of Western Australia’s 40 under 40 business award in 2012, as recognized by the industry and his peers.

Hughes has held board level positions for multiple companies and has success and experience in venture capital services and the commercialization of private and public companies across the globe, in North America, Australia and the Asia Pacific region. He is PMI certified and has a Bachelor of Commerce degree from Curtin University.

Paul Chow — Co-Founder & Director

For over 18 years, Paul has provided business-advisory services for both public and private companies. He has founder, acted as a senior officer and director, and provided strategic planning for various companies in the cannabis, mining, oil & gas and technology sectors during his career. Mr Chow’s experience working with the Canadian equities market will provide great assistance to the IPO and the business development of Next Green Wave.

David Wilson, CPA-CMA — Director

David Wilson is a senior financial executive with over 25 years experience as a strategic advisor focused on facilitating opportunities and solving problems. His career has covered all aspects of corporate finance, including mergers and acquisitions, public and private financing of equity and debt, and corporate governance both in the US and Canada, with an emphasis on liquor distribution, technology, electronics manufacturing, international agriculture and consumer goods industries.

Matthew Jewell, CPA-CA — VP Finance

Matthew has spent the last several years assisting companies in emerging industries scale and grow from a financial reporting, treasury, HR, legal and operational perspective. Before joining NGW, Matt was involved with numerous technology companies in various sizes and in international locations including California. Matt spent the first several years of career at KPMG where he gathered his base knowledge of financial reporting, tax, compliance, process and control implementation.

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