Company Profiles

CSE:NGW

Next Green Wave

Seed to Consumer Premium Cannabis Products

NGW:CC
CSE:NGW

Overview

Next Green Wave Holdings Inc. (CSE:NGW,OTCQX:NXGWF) is a vertically-integrated seed-to-consumer producer and reseller of cannabis products. The company is building 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, Next Green Wave strives to distinguish itself as a dominant cannabis products and services provider.

In January 2018, Proposition 64 came into effect, allowing adults aged 21 years or older in California to possess and use cannabis for recreational purposes. California is the fifth-largest economy in the world and provides legal cannabis companies a unique opportunity. In 2017, cannabis sales in California were estimated at US$2.76 billion and t is expected to more than double to US$6.3 billion by 2021, according to Statista. Next Green Wave is well-positioned to take advantage of the growth of a fragmented cannabis industry that is moving from the grey market to the legal market.

As of August 2018, Next Green Wave has raised nearly C$27 million through investments from Canada, the US, Europe and Australia to fund the development of the company. The investment has aided Next Green Wave in the acquisition of cannabis-zoned development land, phase one construction, equipment and building acquisitions, branding and marketing as well as potential corporate expansion.

Next Green Wave’s Company Highlights

  • Fully licensed for medicinal and recreational cannabis operations
  • 100 percent owned, 15-acre cannabis-zoned property
  • Up to 350,000 square feet of operational capacity in the company’s cultivation facility which commenced production in Q2 2019.
  • Premium product: award-winning seeds and plants
  • Currently holds over 120 cultivars in its genetic archive
  • Agreement with Colombian medical cannabis company, OMG3
  • Launching products through newly acquired major California brand developer SDC
  • Signed agreement with global biotech company Intrexon
  • Building out research and innovation facility, licensed for nursery and extraction
  • Internationally experienced management team with a focus on brand development
  • Sale of sauce cartridges in California launched in September 2020
  • US$100,000 in revenue from sauce cartridge sales in first 30 days
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