Next Green Wave's Vision to be Number 1 in Cannabis Consumer
Product Goods In California
Vancouver, British Columbia -- March 18, 2019 -- InvestorsHub
NewsWire -- Next Green Wave
Holdings Inc. (CSE: NGW) (OTCQB: NXGWF)
("Next Green Wave",
"NGW" or the
"Company"), is pleased to
announce an update to its consumer products good strategy since
announcing its 100% acquisition of California-based SD Ventures, LLC ("SDC") on March 12, 2019. Next Green
Wave's acquisition of SDC and recent investment in Organic Medical Growth ("OMG") now
accelerates its path to revenues and the execution of its
distribution and product development strategy throughout
California.
Vision to be Number 1 in Cannabis
Consumer Product Goods in California
Next Green Wave is now focused on integrating SDC's 8 brands, 45
THC and CBD products, extraction and manufacturing team while
calibrating its recently completed 35,000 sqft Facility A. With
Pacific Gas & Electric now only weeks away from completion,
Next Green Wave will bring its newly appointed Head of Extraction
and Head of Manufaturing into its Facility A to integrate the
appropriate standard operating procedures necessary to immediately
fulfill the product demand from its distribution channels once
Facility A has been granted final occupancy approval.
In the coming months, our Brand Partners product lines will be
introduced into the California and online direct-to-consumer market
in the United States. With a combined social media reach of over 25
million across the globe, these Brand Partners include;
"This is a very exciting but important time for Next Green Wave as
we now enter the execution phase of our wider strategy of being a
premium producer of high quality downstream products into the
California market," stated Leigh Hughes, CEO of Next Green Wave.
"Our recent acquisition of SDC fast tracks our vision to be a
powerhouse in consumer products goods in cannabis, and the whole
combined team is focused on activating operations, generating
revenue through sale of our first products, and establishing our
distribution network.."
Geographic Expansion Through Brand
Licensing Opportunities
As the global cannabis landscape continues to expand in 2019, Next
Green Wave will take advantage of specific international markets
that will allow our brands and products to be licensed through
other respectable international partners. The closing of our
investment and strategic partnership with Organic Medical Growth
will see our distribution channel expand by over 7,000 pharmacies
in Colombia through a brand licensing agreement with OMG.
To ensure that OMG enters the market with premium products, Next
Green Wave will provide our expertise and services to ensure that
OMG's nursery, cultivation and extraction techniques are of the
highest standard. NGW has begun providing advisory services to work
in parallel with the OMG team in preparation for the development of
OMG's integrated operations. In 2019, NGW will provide a range of
products to be sold through the OMG distribution channels.
On behalf of the
Board,
Leigh Hughes
CEO and Executive Chairman, Next
Green Wave Holdings Inc.
About Next Green Wave
Next Green Wave is a vertically integrated seed-to-consumer premium
medicinal and recreational cannabis company operating in
California. Construction of the company's first state of the art
indoor facility (35,000sf) is complete and nearing production with
future plans for expansion on its remaining 15 acres of cannabis
zoned land. NGW has acquired a seed library of over 120 strains
which includes several award winning genetics. Recently acquired
SDC Ventures and its 8 brands and 45 products which will accelerate
NGW to revenue in 2019 and compliment NGW's branded products. The
partnership with OMG will provide NGW access to distribution
through the licensing of our brands through Colombia. To find out
more visit us at www.nextgreenwave.com or follow us on Twitter
at @nextgreenwave, on Instagram, and LinkedIn.
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."
Forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "is expected",
"estimates", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements
that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved. Such
forward-looking statements involve 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 statements. Such risks and uncertainties include,
among others, the risk factors included in the preliminary
prospectus, including without limitation 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; and the need
to secure and maintain corporate alliances and partnerships,
including with customers and suppliers. Readers are encouraged to
the review the section titled "Risk Factors" in NGW's preliminary
prospectus. 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 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.
###
For more information regarding
Next Green Wave, contact:
Caroline Klukowski
VP Corp. Development
Tel: +1 (778) 589-2848
IR@nextgreenwave.com
Next Green Wave (CSE:NGW)
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부터 11월(11) 2024 으로 12월(12) 2024
Next Green Wave (CSE:NGW)
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부터 12월(12) 2023 으로 12월(12) 2024
