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Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) ("Next Green Wave", "NGW" or the "Company") is pleased to confirm it has signed a 2 year supply and production agreement (the "Agreement") with COOKIES. COOKIES is one of the most well-respected, top-selling and premiere cannabis brands in California and throughout the world. COOKIES has 26 total retail stores in operation which includes; 17 retail stores in California, 6 retail stores across the U.S., and 3 international stores (in Barcelona and Tel Aviv). In 2021, COOKIES expects to double the current total open store count across the U.S. and internationally.
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The partnership will commence immediately and aligns both companies core goals to produce, package and distribute premium cannabis products to California connoisseurs.
The key terms of the two-year Agreement are:
- COOKIES will sell Next Green Wave branded products in the COOKIES retail locations across California.
- Next Green Wave will cultivate exclusive COOKIES genetics to be packaged and sold under the Cookies brand name.
- It has also been agreed that contingent upon the completion of Next Green Wave's new cultivation facility, expected in Q4 2021 (see press release HERE), a portion of the new production will be allocated to the COOKIES brand.
"Noticing and identifying talent in the cultivation space is something we focus on a lot, especially with a new menu bred by myself. We wanted to align and build a long-term partnership with someone we know will both produce some of the best flower in the State of California, and also keep those strains exclusive; which is why a deal like this is ideal for COOKIES. Next Green Wave is performing very, very well, and I can't wait to put these new strains in their hand." - Berner, Founder and CEO of COOKIES
"As we expand our production capacity and brand presence, it's vital we continue working with key retail and brand partners, and with COOKIES we have found both. We look forward to working with the entire COOKIES team to produce, brand and supply the best cannabis products in California, now and for years to come. " - Michael Jennings CEO Next Green Wave
Michael Jennings
Chief Executive Officer, Director
Next Green Wave Holdings Inc.
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About Next Green Wave
Next Green Wave is a fully integrated premium seed to shelf craft cannabis producer offering products through its in-house brand portfolio and wholesale flower for other large cannabis manufacturers. The Company owns and operates a 35,000 sf indoor facility in Coalinga, CA which is home to our nursery, cultivation, distribution, and future extraction business. NGW has an exclusive seed library consisting of 120 cannabis strains and hybrids including award-winning cultivars and is producing high quality tissue culture plantlets through its proprietary cloning technology with bio-tech leader Precigen. Marketing, product design and formulation are produced in-house. Please follow along with us at www.nextgreenwave.com or on Twitter, Instagram, or LinkedIn.
For more information regarding Next Green Wave please contact:
Ryan Lange
CMO
Tel: +1 (604) 684.6844
IR@nextgreenwave.com
MEDIA CONTACT for COOKIES:
Kim Barron, Director of Integrated Marketing for COOKIES
About COOKIES
COOKIES, founded in 2008 by Berner (the prolific Bay Area rapper and entrepreneur) and his partner Jai (a Bay Area breeder and cultivator) is more than a premiere cannabis company; it is an authentic lifestyle brand with passionate fans all over the world. The company went mainstream in 2011 and has grown its business through the combination of globally recognized premium genetics, popular culture resonance, and social media influence. COOKIES is constantly engaged in new breeding projects to launch differentiated brands and has quickly built a grassroots cult following while remaining loyal to its brand promise: authenticity and genetics innovation.
Today, COOKIES is one of the most well-respected and top-selling cannabis brands in California and throughout the world. The company and its product are recognized globally and offer a stable of over 85 cannabis varieties and product lines including indoor and sungrown flower, pre-rolls, gel caps, and vape carts. COOKIES' seed-to-sale business allows for complete quality control at every step-from cultivation and production to customers' end retail experience. With a deep commitment to restorative justice and progressive drug policy, COOKIES actively works to enrich communities disproportionately impacted by the War on Drugs through advocacy work and social equity initiatives.
Neither Canadian Securities Exchange (the "CSE") nor its Regulation Services Providers (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Next Green Wave Forward Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements" and such forward-looking statements and forward-looking information represent only NGW's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of NGW's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts" "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein may include, but are not limited to, the Company's expectations for long-term (YE 2020 and YE 2021) revenue and adjusted EBITDA profitability, the ability of the Company to successfully achieve business objectives (including completion of construction and increasing production capacity), and expectations for other economic, business, and/or competitive factors. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects NGW's current beliefs and is based on information currently available to NGW and on assumptions NGW believes are reasonable.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking information. Such risks, uncertainties and other factors include, among others: dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing state, local or other licenses and any inability to obtain all necessary governmental approvals licenses and permits to complete construction of its proposed facilities in a timely manner; engaging in activities which currently are illegal under US federal law and the uncertainty of existing protection from U.S. federal or other prosecution; regulatory or political change such as changes in applicable laws and regulations, including U.S. state-law legalization, particularly in California, due to inconsistent public opinion, perception of the medical-use and adult-use marijuana industry, bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth; NGW's limited operating history and lack of historical profits; reliance on management; NGW's requirements for additional financing, and the effect of capital market conditions and other factors on capital availability, competition, including from more established or better financed competitors; the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers; and risks and delays resulting from the COVID-19 pandemic. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although NGW has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. NGW has no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/71410
