Next Green Wave Launching Exclusive Line of Products with Influential Illustrator and Artist Junkyard
Momentum Public Relations
Press Release: July 3, 2019
Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) (“Next Green Wave”, “NGW” or the “Company”) is pleased to announce it is launching its next exclusive cannabis product line with influential illustrator and artist Junkyard, through its subsidiary SDC Ventures LLC. The launch is part of the Company’s strategic plan to secure distribution and introduce its brands and products to the California market as it enters into revenue.
Junkyard is a well-known illustrator and street artist with an established social and digital reach of enthusiasts who follow his artwork throughout California and the United States. The first product to launch will be an oil extraction with limited release collectable packaging designed by the artist himself. Additional apparel releases and live painting appearances catering to craft cannabis culture will be announced throughout Southern California this summer.
For full product details and roll-out dates please visit: https://wearesdc.com/junkyard/
Junkyard Artwork
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Next Green Wave CEO and Executive Director, Leigh Hughes stated: “We’re thrilled to be working with Junkyard and believe his loyal fanbase and individual brand will add further strong impetus to our growth and give us wider access potential to a niche consumer looking for distinguished and quality-based cannabis products.”
“We launched the Junkyard Cannabis brand with NGW and SDC as an extension of what is already happening in our fanbase. As a large portion of our fanbase are cannabis fans and consumers, it was a natural next step. Our team is excited to finally launch a premium brand with NGW and SDC. We have been looking for a partner that has the same aesthetic and attention to detail in their craft. It has been a fantastic process working alongside their team. Look out soon for products in California legal dispensaries.” Commented Junkyard.
For full interview on the product release please view the video below:
Cannot view this video? Visit:
https://www.youtube.com/watch?v=3JgXOcREpzI
About Junkyard
Junkyard is an illustrator and street artist who was born and raised in South Africa now splitting his time between Chicago and LA. Known for some of his larger than life black and white murals and clothing, he has teamed up with some of the biggest brands in the game including Disney. His Instagram account took off after he installed a mural at Threadless HQ in Chicago and began to sell T-Shirts to fans. No one knows what he looks like, which adds to the mystery behind the brand and brings focus to the art he produces. His distinct style and passion for craft high end concentrates will fill a gap in the market.
About Next Green Wave
NGW is a California based full-service premium cannabis company in the medical and recreational market. The Company’s first state-of-the-art facility (35,000 ft.2) is in production and expansions on the 15 acres cannabis zoned land it is situated on are underway. NGW has a seed library of over 120 strains which include multiple award-winning genetics and cultivars. Recent acquisition of SDC and affiliates will provide NGW with significant exposure and distribution points throughout California. The investment in OMG3 will provide NGW further access to distribution throughout Colombia. To find out more visit us at www.nextgreenwave.com or follow us on Twitter, Instagram, or LinkedIn.
On behalf of the board,
Leigh Hughes,
CEO and Executive Chairman
Next Green Wave Holdings Inc.
For more information regarding Next Green Wave, contact:
Caroline Klukowski
VP Corp. Development
Tel: +1 (778) 589-2848
IR@nextgreenwave.com
- Published in Next Green Wave
Next Green Wave Closes $2.75 Million Private Placement with CGOC
Momentum Public Relations
Press Release: June 27, 2019
Next Green Wave Holdings Inc. (CSE: NGW) (OTCQB: NXGWF) (“Next Green Wave”, “NGW” or the “Company”) announces that it has closed a non-brokered $2.75 million financing (the “Financing”) at a price of $0.25 per common share, and in exchange will issue a total of 11 million shares of NGW to the Cannabis Growth Opportunity Corporation (“CGOC“). In addition, the company will subscribe to a private placement to acquire $1.25 million common shares of CGOC at a price of $1.72 per share. The Financing will incur no finder’s fees and replaces its most recent offering announced on June 19, 2019.
Both companies respectively, have entered into a voting and resale agreement to hold their shares until February 1, 2020, as well as vote in favour of management on any issues requiring a shareholder vote.
The proceeds will be used to advance the Company’s strategic partner alliances in California and provide working capital to accelerate its operations.
Jamie Blundell, President and Chief Operating Officer of CGOC commented, “We have been strategic investors in Next Green Wave since June 2018 when they were still a private company and have continued to support their efforts through their go-public transaction in October 2018. They anticipate near-term revenue generation and at the low-end of their annual revenue expectations we believe their current valuation is extremely low especially compared to similar companies. We remain confident in their strategy as we see tremendous growth ahead and believe this is a perfect entry point for investors.”
Next Green Wave CEO and Executive Director, Leigh Hughes stated: “Due to comparative weakness in the cannabis sector while markets adjust and earnings expectations naturally become heightened, we have chosen to collaborate with a strong industry partner who shares our vision and will assist us to move towards revenue at the earliest possible opportunity – our near-term focus is on production, product roll-outs and sales – we believe that the Company can achieve this milestone without further financing. ”
About Next Green Wave
NGW is a California-based vertically integrated medicinal and recreational premium cannabis company. The Company’s first state-of-the-art facility (35,000 ft.2) is in production, with further plans to develop the 15 acres of cannabis zoned land it is situated on. NGW has a seed library of over 120 strains which include award-winning genetics and cultivars. Recent acquisition of SDC Ventures LLC and its brand partners will provide NGW with significant exposure and distribution points throughout California. The investment in OMG3 will also provide NGW further access to distribution through Colombia. To find out more visit www.nextgreenwave.com or follow us on Twitter, Instagram, or LinkedIn.
About CGOC
CGOC is an investment corporation that offers unique global exposure to the emerging global cannabis sector. CGOC’s main objective is to provide shareholders long-term total return through its actively managed portfolio of securities, both public and private, operating in, or that derive a portion of their revenue or earnings from products or services related to the cannabis industry.
On behalf of the board,
Leigh Hughes,
CEO and Executive Chairman
Next Green Wave Holdings Inc.
For more information regarding Next Green Wave, contact:
Caroline Klukowski
VP Corp. Development
Tel: +1 (778) 589-2848
IR@nextgreenwave.com
- Published in Cannabis, Marijuana, News Home, Next Green Wave
Next Green launches new THC products with King Louie
Momentum Public Relations
Press Releases: June 18th, 2019
Next Green Wave Holdings Inc. is celebrating its next brand rollout with influential Chicago hip-hop star King Louie. Through an exclusive partnership with SD Cannabis, King Louie will be launching premium flower THC products and concentrates throughout his new ‘Life of Louie’ album world-tour and appearances at selected dispensaries throughout Southern California.*
Next Green Wave CEO, Leigh Hughes commented, “We’re thrilled to be collaborating on this product launch with King Louie, he is a trailblazer in the hip-hop industry and influential ambassador of cannabis culture in America. Together, we have the opportunity to shape the norms and perceptions surrounding cannabis culture and will offer consumers an elevated experience through the quality and delivery of our extracted oils and exclusive flower products.”To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6127/45687_7be4754fd44dda5e_001full.jpg
“It’s a lifestyle for us, so it’s gonna be the best or nothing at all. We wanted to bring that same standard, along with something different to the market for everyone to enjoy.” Stated King Louie.
*For specific product release and tour dates please visit https://wearesdc.com/kinglouie/.For full video interview on this release please select the image below: Cannot view this video? Visit:https://www.youtube.com/watch?v=bisBoBQix8Q&feature=youtu.be
About King Louie
Chicago born. California made. King Louie is a Grammy nominated hip hop artist that was cited by Spin magazine for making Chicago the biggest hip-hop scene in 2012. He’s regularly working in collaboration and touring with artists like Kanye and Chance The Rapper. King Louie is releasing the biggest album of his career in 2019 with major collaborations.
About Next Green Wave
Next Green Wave is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California. The Company’s first state-of-the-art indoor facility (35,000 ft.2) is in production with future plans to expand the 15 acres of cannabis zoned land it is situated on. NGW has acquired a seed library of over 120 strains which include several award-winning genetics and cultivars. Recent acquisition of SDC Ventures will complement NGW’s branded products and accelerate the company to revenue through SDC’ existing partnerships and labels. The investment in 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.
- Published in Cannabis, Marijuana, News Home, Next Green Wave
Next Green Wave Welcomes New Director
Momentum Public Relations
Press Release: June 4th, 2019
Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) (“Next Green Wave”, “NGW” or the “Company”) The Board of Directors are pleased to announce the appointment of Glen Harder to the Next Green Wave directorate.
Glen Harder is a corporate finance and securities lawyer, actively practicing and headquartered in Vancouver, BC. He has over 30 years of experience advising and assisting venture and emerging companies with global operations which conduct business in many different sectors of the economy. Along with years of transactional, strategic and negotiating expertise, Glen will offer legal guidance, corporate governance assistance and strategic advice to our board.
Glen also serves as an independent board and board committee member for other public companies which are listed on CSE and TSXV.
We welcome Glen to the Next Green Wave team and look forward to his participation in our exciting future.
“Glen’s years of experience working with public companies in varying capacities will complement our Boards skill set and make us stronger in the areas of compliance, governance and corporate finance. We would like to welcome Glen to the team,” stated Leigh Hughes, CEO and Executive Chairman.
About Next Green Wave
Next Green Wave is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California. The Company’s first state-of-the-art indoor facility (35,000 ft.2) is now entering production with future plans to expand the 15 acres of cannabis zoned land it is situated on. NGW has acquired a seed library of over 120 strains which include several award-winning genetics and cultivars. Recent acquisition of SDC Ventures will complement NGW’s branded products and accelerate the company to revenue through SDC’s existing partnerships and labels. The investment in 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.
On behalf of the board,
Leigh Hughes,
CEO and Executive Chairman
Next Green Wave Holdings Inc.
- Published in Cannabis, Marijuana, News Home, Next Green Wave
Next Green Wave Provides Corporate Update
Momentum Public Relations
Press Release: May 31, 2019
Next Green Wave Holdings Inc. (CSE: NGW) (OTCQB: NXGWF) (“Next Green Wave”, “NGW” or the “Company”) The CEO and Executive Chairman of NGW, Leigh Hughes is pleased to provide an update on the progress of The Company’s operations.
As a young public company, we continue to demonstrate the energy, drive and passion of a “start-up” that is influenced by our strong values and long-term vision. With the groundwork now in place, we anticipate 2019 to be a significant year as we begin to generate revenue, launch products, and continue to serve a larger role in the California premium cannabis space -both as an authorized producer and distributor of major brands and labels.
We are part of a fast-growing and highly competitive industry and need to stay ahead of the curve to provide customers with a superior experience and product. As such, we are continually evaluating our priorities and best practices to seize opportunities and overcome the challenges that arise in this new marketspace.
How do we build a resilient brand and product portfolio? How do we tune out the noise and prepare for the long term? We believe that having the systems in place to adopt and innovate quickly differentiate us from the rest and enable us to serve clients, inspire employees and deliver value to shareholders.
“Next Green Wave’s mission is to unlock the full potential of the cannabis plant, in ways that cater to all industries and individuals around the world.”
Over the next three years, Next Green Wave will strive to become a top tier cannabis brand in California through our infrastructure, acquisitions and the targets we have set in the premium recreational segment. In March we accelerated our value proposition through the acquisition of SD Cannabis (“SDC”) and will now direct our efforts to build out a world-class nursery in collaboration with Intrexon.
In this update, we share the highlights of our performance, our notable achievements since going public in October of 2018 and our aspirations for the year to come.
In closing, the Board remains diligent and is also confident it has the right business model and the right objectives for successful execution, drive growth and to create stakeholder value. With that, we have the opportunity to shape the future of our emerging industry and to unlock the full potential of the cannabis plant.
Commencement of Cannabis Production at Facility A
In late April, we began our breeding program to build up our nursery stock to populate our 14 grow rooms over the next couple months. When we reach our optimal production schedule, the garden crew will harvest two grow rooms every 10-14 days ensuring a constant supply to our vendors. The full cycle from seedling to sale is anticipated to take about four months. Revenue from the cultivation process is expected to take place in Q3.
In early April 2019, our HR department hosted a 2-day offsite on-boarding that focused on company alignment and culture building with the entire Facility A team and officials from the City of Coalinga. Their participation energized and encouraged the team to be not only valuable employees, but valuable members of the community at large.
In early May 2019, we implemented our automated Track and Trace Compliance System (“Trellis”). This involved the Trellis Executive Team to be on-site and oversee a successful on-boarding and implementation with our COO, VP Finance, Compliance Officer and Gardener’s.
We are on track for the full retrofit and activation of our 3,240 square foot Facility C in late Q2, which will be used for our non-volatile extraction activities. Facility C will also be used for research and development and we are excited about the prospect of working with other partners to bring new cultivars and product lines to the cannabis space through this facility. We have received all conditional use permits related to Facility C and submitted our application license for both volatile and non-volatile extraction activities with the State of California (California Department of Public Health) in Early May.
Our 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 sq. ft Facility A. We have now integrated SDC’s extraction and manufacturing expertise into our facilities and are currently fitting out Facility C which will house the company’s extraction business.
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;
Carey Hart
View on Instagram ( 969k Followers )
Loki the Wolf Dog
View on Instagram ( 2 Million Followers )
King Louie
View on Instagram ( 383k Followers )
Sketchy Tank
View on Instagram ( 235k Followers )
Junkyard LA
View on Instagram ( 85.7k Followers )
Toy Machine Skateboard Co
View on Instagram ( 628k Followers )
SD Cannabis
View on Brand House Instagram
View Product on Instagram
NoJumper OSS
View NoJumper on Instagram (1.3 Million Followers )
View Adam 22 on Instagram ( 1.5 Million Followers )
Thorn St. Beer
View on Instagram ( 28.4k Followers )
In March, we successfully launched the Loki Naturals product range through its online store www.lokinaturals.com Our initial test run of Love Biscuits and Tinctures were sold by advertising across Loki’s social media platforms. The engagement and sales response was strong, and we are optimistic on the consumer acceptance of all 8 brand partners and 45 product lines all hitting the shelves and online platforms over the next few months.
Building a World-Class Nursery with Intrexon
The implementation of Intrexon’s next generation (non-GMO) tissue culture platform, Botticelli™ began in Q1 and as part of the first phase of the project, the companies will calibrate this technology specifically to Next Green Wave’s cannabis cultivars toward rapid and sustainable cannabis plantlet production.
The Botticelli™ platform is an advanced tissue culture technology designed to enable efficient propagation of plants while maintaining genetic purity and product performance. When applied to cannabis, Botticelli™ offers potential for a sustainable, scalable, and more economical solution than conventional clones.
Intrexon
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The objective of this optimization phase will be to demonstrate that Botticelli™ will allow for cost effective cannabis plantlet production compared to the traditional cloning applications in today’s market.
This will offer the cannabis market several advantages:
• Rapid multiplication of proprietary lines in smaller areas;
•Reduction or potential elimination of mother rooms;
• Substantially decreased cutting load on the mother plants ensuring genetic purity and product performance;
• Reduced phytosanitary risk and superior product performance;
• A more integrated production system and shorter time to vegetation room; ex., reduction or elimination for vegetative acclimatization step; and
• Capital efficiencies.
In 2019, Next Green Wave and Intrexon will work together to achieve the following key project deliverables:
- Quarter 1: Utilize Next Green Wave’s hemp CBD strains as a proxy to optimize standard operating procedure at Intrexon’s Davis, California facility.
- Quarter 2: Intrexon to complete tissue culture lab build out at Next Green Wave’s 3,240 sq. ft Facility “Site C”.
- Quarter 3: Intrexon becomes operational at Next Green Wave’s 3,240 sq. ft Facility “Site C”. Tissue culture lab ready and operational.
- Quarter 4: Optimization of Botticelli™ SOP to 10 Next Green Wave THC cultivars ready for scale-up production and commercialization in 2020.
International Expansion Through Brand Licensing Opportunities
As the global cannabis landscape continues 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. Our investment and strategic partnership with Organic Medical Growth (“OMG”) which will see our distribution channel expand by over 7,000 pharmacies in Colombia through a brand licensing agreement with OMG.
OMG
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To ensure that OMG goes to market with a premium product, we will be providing expertise and services to ensure that OMG’s nursery, cultivation and extraction techniques are of the highest standard. These services have begun, and we expect that in 2019, a range of our brands will be selling into Colombia and on a path to generating revenues. In May, we recently did our first site visit to OMG’s facilities.
OMG is expecting to go public in Canada in late 2019 with Next Green Wave having a 10% equity ownership post its first initial public offering financing round and the option to purchase up to another 5% of the company post its first initial public offering financing round.
Financed to Accelerate Rapid Growth
This week we announced a close on a $6M convertible note offering which provides two $3M tranches. The 2nd tranche will be delivered at the sole discretion of Next Green Wave without any obligation to give the financial flexibility to execute our growth strategy while continuing to maintain and protect shareholder value. Proceeds of the Offering will be used for the acceleration and rollout of Next Green Waves’ brands and products throughout California in 2019.
Shareholder Value through Revenue
Now that we have become a licensed cannabis producer in California and commenced the integration of the SD Cannabis acquisition (“SDC”), we anticipate strong output, and more importantly, synergies from our Cultivation Facility (“Site A”) and our Extraction Facility (“Site C”).
The monthly output is expected to be 650 to 750 lb’s per month of premium flower from Facility A and 110 to 120 kg’s per month of extracted oil from Facility C.
Our SDC brand partnerships and products are expected to sell approximately 30,000 units per month with full market activation in 2019.
Next Green Wave’s Rejuvenated Brand & New Website Launch
We recently announced the launch of our rejuvenated company brand and visual identity. With a focus on innovative and open lines of communication with our stakeholders, we have also launched an entirely new website that provides a far more in-depth look at our brand portfolio, facilities, partners and our overall business. www.nextgreenwave.com
With a desire to elevate life’s moments for our industry, stakeholders and consumers, we are looking beyond just the product to create a more personal lifestyle connection with our communities. You can also catch the action in real time through our Twitter, Facebook and Instagram accounts@nextgreenwave.
The Opportunity Ahead in 2019
Next Green Wave continues to remain focused to ensure that we meet our key milestones and expectations of all stakeholders in 2019. In line with our strategic plan, in 2019 we will also be focused on delivering in the following key areas;
• Activating our nursery business to develop world-class hybrid cannabis strains for direct retail and wholesale;
• Achieving full operation capabilities of our flagship 35,000 sq. ft Facility “Site A”;
• Activation of our extraction facility in late Q2 to begin producing oils, tinctures, and extracts for custom vaporizer products;
• Securing our distribution network into California through our SD Cannabis brand acquisition and the roll out of 8 more brands and 43 products with influential branding partners;
• Obtaining access into international markets through investments in licensed cultivators and distributors such as OMG;
• Establishing research and innovation amenities and procedures for continued product and branding development.
The Company also wishes to announce that David Wilson has resigned as a Director of the Company. The Company thanks Mr. Wilson for his dedication and commitment and wishes him well in his future endeavours.
About Next Green Wave
Next Green Wave is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California. The Company’s first state-of-the-art indoor facility (35,000 ft.2) is now entering production with future plans to expand the 15 acres of cannabis zoned land it is situated on. NGW has acquired a seed library of over 120 strains which include several award-winning genetics and cultivars. Recent acquisition of SDC Ventures will complement NGW’s branded products and accelerate the company to revenue through SDC’ existing partnerships and labels. The investment in 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.
On behalf of the board,
Leigh Hughes,
CEO and Executive Chairman
Next Green Wave Holdings Inc.
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, including closing of Tranche 1 and Tranche 2 of the Notes; 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 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
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45194
- Published in Cannabis, Marijuana, News Home, Next Green Wave
Next Green Wave Announces Application for Annual California State Cultivation Licenses
Momentum Public Relations
Press Releases: May 23rd, 2019
Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) (“Next Green Wave”, “NGW” or the “Company”) announces that it has applied for five annual licenses related to conducting commercial cultivation activities in California. These license applications are presently under review by the California Department of Food and Agriculture (“CDFA”). The Company held temporary licenses to cultivate based on the legislative scheme implemented in 2018 (providing for temporary licenses with annual license requirements to follow in 2019), which have since expired. The industry is currently facing a challenge due to the backlog and processing of these applications as temporary licenses expire.
A California legislative bill is currently underway to extend the temporary licenses so law-abiding companies aren’t unduly penalized. According to the CDFA communications manager Rebecca Foree, “Businesses with a temporary license that have submitted an annual application are not an enforcement priority for CDFA.” (source: Marijuana Business Daily, February 27, 2019)
Next Green Wave has its local licenses in place to conduct cultivation activities, and anticipates that the state licenses will be issued shortly. The Company’s distribution license has been extended to July 25, 2019.
Launch of New Website and Rejuvenated Brand Identity
The Company pleased to announce that as an outcome of our corporate strategic plans and our newly defined brand strategy, we are officially launching a revitalized Next Green Wave brand, in support of our company’s goal of becoming the #1 premium cannabis consumer goods company in California.
Included in this rollout is our new website which is now live at www.nextgreenwave.com. Within this site are details on our extensive brand portfolio, our 35,000 sq ft operational facility, our business model and a frequently updated news section. With a desire to elevate life’s moments for our industry, stakeholders and consumers, we are looking beyond just the product to create a more personal lifestyle connection with our communities. You can catch the brand evolution and daily stories through our Twitter, Facebook and Instagram accounts @nextgreenwave
“We are excited for the months to come as we ramp up production and continue to roll-out quality products with SDC and our brand partners which have significant influence and subculture, giving NGW the largest voice in California,” stated Leigh Hughes, CEO Next Green Wave.
We hope that you enjoy the improvements that we have made to the new website and welcome your feedback as we continue to position Next Green Wave as California’s #1 Premium Cannabis Goods Supplier.
About Next Green Wave
Next Green Wave is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California. The Company’s first state-of-the-art indoor facility (35,000 ft.2) is now entering production with future plans to expand the 15 acres of cannabis zoned land it is situated on. To find out more visit us at www.nextgreenwave.com or follow us on Twitter at @nextgreenwave, on Instagram, and LinkedIn.
On behalf of the board,
Leigh Hughes,
CEO and Executive Chairman
Next Green Wave Holdings Inc.
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. 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
- Published in Cannabis, Marijuana, News Home, Next Green Wave
Globe says Next Green Wave CEO scoops fallen shares
Momentum Public Relations
In The News: May 13, 2019
The Globe and Mail reports in its Saturday, May 11, edition that California-focused cannabis firm Next Green Wave Holdings (46.5 cents) began trading on the Canadian Securities Exchange in October, 2018. The Globe’s guest columnist Ted Dixon writes in the Who Is Buying and Selling column that year-to-date, the stock is up about 40 per cent, but it is off its March 13 high of 78 cents. Chief executive officer and chairman Leigh Hughes has made his money doing mining deals in Australia, but now he is also turning his attention and wallet to this cannabis stock. Over the past 90 days, Mr. Hughes and another director have spent a combined $279,668 buying shares in the public market.
- Published in Cannabis, Marijuana, News Home, Next Green Wave
Next Green Wave Begins Cannabis Production
Momentum Public Relations
Press Release: April 18, 2019
Next Green Wave Holdings Inc. (CSE: NGW) (OTCQB: NXGWF) (“Next Green Wave”, “NGW” or the “Company”), is excited to announce that it has obtained an Occupancy Permit for its first advanced indoor production facility from the City of Coalinga. The Company is now authorized as a licensed producer and is immediately advancing with its cannabis production by moving in over 10,000 plantlets to activate its growth cycle.
Effective today, NGW will commence its cultivation program and receive its first plantlets to accommodate a perpetual harvest cycle comprised of approx. 50 yields per year. Each growth to point-of-sale cycle is expected to last four months. The building has been equipped with 14 climate-controlled flowering rooms which are expected to produce an average of 9,150 pounds of cannabis flower annually.
The raw material and biomass grown from NGW’s facility will be used for extraction for downstream consumer products such as oils, waxes, tinctures and extracts for custom vaporizer products associated with the company’s WEARESDC partner brands and other licensed cultivators in the wholesale supply-chain.
Leigh Hughes, CEO of Next Green Wave commented: “Beginning the production cycle is a critical milestone for us and a clear testament of our efforts. We completed all our due-diligence to ensure our supply-chain and facility protect the quality and integrity of our product and safety of our staff. We are poised for growth and ready to show our stakeholders and consumers that we are ready to amass a considerable stake of California’s premium cannabis market.”
About Next Green Wave
Next Green Wave is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California. The company’s first state-of-the-art indoor facility (35,000 ft.2) is now entering production with future plans to expand the 15 acres of cannabis zoned land it is situated on. NGW has acquired a seed library of over 120 strains which include several award-winning genetics and cultivars. Recent acquisition of SDC Ventures will complement NGW’s branded products and accelerate the company to revenue through SDC’ existing partnerships and labels. The investment in 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.
On behalf of the board,
Leigh Hughes,
CEO and Executive Chairman
Next Green Wave Holdings Inc.
For full video interview on this release please click this link:
https://www.youtube.com/watch?v=mOcJx-JWeVs
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
- Published in Cannabis, Marijuana, News Home, Next Green Wave
Next Green Wave Announces Final Payment to Facility Construction Company
Momentum Public Relations
Press Release: April 12, 2019
Next Green Wave Holdings Inc. (CSE: NGW) (OTCQB: NXGWF) (“Next Green Wave”, “NGW” or the “Company”) announces the issuance of common shares in lieu of cash, in the capital of Next Green Wave (the “Shares” and each, a “Share“) as a final payment to the general contractor for mutually agreed upon completion milestones pertaining to the construction of NGW’s production facility.
Debt Settlement
The Company entered into a debt settlement agreement dated April 11, 2019 (the “Debt Settlement Agreement“) with an arm’s length California-based construction company (the “Contractor“) that was contracted by the Company’s wholly-owned subsidiary, Next Green Wave, LLC (“NGW LLC“), to build the Facility (the “Project“). Pursuant to the Debt Settlement Agreement, the Contractor agreed to accept Shares for past services provided to NGW LLC totaling US$773,800, by the issuance of a total of 1,884,317 Shares at a deemed price of CAD$0.55 per Share (the “Payment Shares“). Management of Next Green Wave determined it was best to satisfy this outstanding indebtedness by the issuance of Shares to preserve its cash for operations.
The Payment Shares are subject to a hold period of four (4) months and a day from the date of issuance.
The Payment Shares are subject to a contractual escrow and are to be released and transferred to the Contractor in accordance with, among other things, the following release schedule:
- 942,158 Payment Shares on the date the parties conduct a preliminary inspection of the Facility to identify any material deficiencies in the Facility (the “Deficiencies“); and
- 942,159 Payment Shares on a date that is no more than 91 days following the date the Contractor corrects all Deficiencies and subject to the Company issuing a final written acceptance to the Contractor acknowledging the Contractor’s satisfactory completion of the Project.
The Company is relying on exemptions from the prospectus requirements found in section 2.14 of National Instrument 45-106 – Prospectus Exemptions and applicable securities laws to issue the Payment Shares to the Contractor. The Payment Shares are subject to Canadian regulatory resale restrictions and have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws. In addition, the Payment Shares are “restricted securities” as defined under Rule 144(a)(3) of the U.S. Securities Act and will contain the appropriate restrictive legend as required under Rule 904 of Regulation S of the U.S. Securities Act or such other applicable exemption thereunder, and under other applicable state securities laws.
ABOUT NEXT GREEN WAVE HOLDINGS INC.
Next Green Wave is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California, one of the world’s largest cannabis markets. The Company’s central operations are in the city of Coalinga which is located between two major markets of San Francisco and Los Angeles and has been awarded licenses for nursery, cultivation, extraction, and distribution. Next Green Wave is led by an experienced management team with a focus on international brand development. The Company currently owns over 15 acres of cannabis-zoned development land.
On behalf of the Board,
Leigh Hughes
Executive Chairman
For information relating to Next Green Wave or the contents of this News Release please contact Caroline Klukowski (VP Corporate Development) at 778.589.2848 or IR@nextgreenwave.com, or refer to the Company’s documents that are filed electronically from time to time on SEDAR (www.sedar.com).
FORWARD-LOOKING STATEMENTS
This News Release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements, including, without limitation, statements relating to: (i) completion of the Project in accordance with the Debt Settlement Agreement and pursuant to the standards of the Company; (ii) quality and functionality of the Facility; (iii) Company’s growth and corporate strategy; (iv) general market and industry conditions; (v) government regulation; (vi) unanticipated operating events; and (vii) the future plans or prospects of the Company. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Any number of factors could cause actual results to differ materially from these forward‐looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct.
Neither the 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44063
- Published in Business, Cannabis, Marijuana, News Home, Next Green Wave
Next Green Wave Launches 2nd CBD Pet Product – Loki Naturals Tincture
Momentum Public Relations
Press Release: April 11, 2019
Next Green Wave Holdings Inc. (CSE: NGW) (OTCQB: NXGWF) (“Next Green Wave” or the “Company”), is pleased to announce that it is releasing its’ second pet product, Loki Naturals CBD Tincture with influential brand partner Loki the Wolfdog. This is the company’s second CBD and revenue generating product and is available for purchase through Loki’s website www.lokinaturals.comeffective today.
The whole flower CBD tincture contains a single origin cannabidiol formula grown in Colorado. The extract is free of GMO’s and contains many essential fatty acids vital to a dog’s healthy diet. The product contains a certificate analysis which can be viewed on the Loki Naturals website.
Loki Naturals Tincture
To view an enhanced version of this image please visit:
https://orders.newsfilecorp.com/files/6127/44036_118d9f35f4e2eba0_002full.jpg
Loki the Wolfdog
To view an enhanced version of this image please visit:
https://orders.newsfilecorp.com/files/6127/44036_loki_original.jpg
“We are proud to be releasing another quality product through the Loki brand as we continue to carve out the California cannabis market. This is a growing sophisticated industry and we are paving the way as we continue to roll-out and deliver premium products to our consumers,“ stated Leigh Hughes, CEO of Next Green Wave.
“It was important for us to have treats for treating occasions but also a tincture for more flexibility. The addition of the tincture helps with dogs that are using CBD as a daily part of their health plan, or for dogs that need a special dose. The best part is that it can even be mixed in with your pets food.” -Kelly Lund, Loki’s Dad
On behalf of the Board,
Leigh Hughes
CEO and Executive Chairman, Next Green Wave Holdings Inc.
About Loki The Wolfdog
The Instagram famous Loki Wolfdog (@loki) and Kelly Lund became inseparable in 2012, when Kelly brought the husky/wolf mix puppy home. Since then they have been traveling the world and telling their story to millions of people through social mediums and most recently through Kelly’s newly released book, Wild Together. Kelly has used his platform to bring awareness to key animal issues and also partnered with some of the world’s largest brands including Toyota, Huckberry, Mercedes Benz and many others. (https://instagram.com/loki)
Loki Instagram – https://www.instagram.com/loki/
Loki Facebook – https://www.facebook.com/lokithewolfdog/
Loki YouTube – https://www.youtube.com/results?search_query=loki+the+wolfdog
Loki Website – https://lokithewolfdog.com/
Loki Truck – https://www.instagram.com/gopherpaw/
Key videos: https://www.youtube.com/watch?v=6VyFosjei3Q&feature=youtu.be
Mercedes Benz – https://www.youtube.com/watch?v=arZVGwhfkoA
REI – https://www.youtube.com/watch?v=rSwCklhgGfA
Toyota – https://www.youtube.com/watch?v=vCUv39H-0qU
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 (35,000 ft.2) is now entering production with future plans to expand the 15 acres of cannabis zoned land it is situated on. NGW has acquired a seed library of over 120 strains which include several award-winning genetics and cultivars. Recent acquisition of SDC Ventures will complement NGW’s branded products and accelerate the company to revenue through SDC’ existing partnerships and labels. 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
- Published in Business, Cannabis, Marijuana, News Home, Next Green Wave