Next Green Wave to license Intrexon’s Botticelli
Momentum Public Relations
Press Release: January 15, 2019
Next Green Wave Holdings Inc. (CSE: NGW) (OTCQB: NXGWF) (“Next Green Wave“) and Intrexon Corporation (NASDAQ: XON) (“Intrexon”) are pleased to announce they have entered into a strategic licensing agreement to utilize Intrexon’s Botticelli™ next generation plant propagation platform to enable rapid production of Next Green Wave’s proprietary cannabis cultivars for the California market. The collaborative work conducted at Next Green Wave’s facilities will also accelerate its vision of becoming a world-class nursery.
The collaboration between the companies will be two-staged:
- An optimization phase in which Intrexon will calibrate Intrexon’s Botticelli™ technology to Next Green Wave’s specific cannabis cultivars and;
- A production phase in which Next Green Wave may utilize the technology in: (i) the production of cannabis plantlets for its downstream products and (ii) the sale of plantlets to third party producers in California. Intrexon will be entitled to royalties on Next Green Wave’s own plantlet usage and the parties will share equally the revenues from third party sales.
Intrexon’s 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. In the U.S. market, legal cannabis revenue is projected to exceed $23 billion by 2022, with California representing around a third of that market. Current cannabis cultivation is predominantly dependent on clonal propagation, which creates barriers to meeting product demand and is not sustainable due to risk of disease susceptibility.
“We believe Intrexon’s next-gen tissue culture approach will enable high volume propagation of cannabis varietals, ensuring product integrity and consistent performance to offer to our customers,” commented Mike Jennings, Chief Operations Officer and Head of Research and Innovation of Next Green Wave. “As the cannabis industry continues to mature, we will continue to bring cutting edge partnerships into our Company to ensure we are pushing the innovation envelope amongst our peers. In my many years as a breeder and grower, I have not seen advances with as much potential to be disruptive to plantlet production as the Botticelli™ technology and am looking forward to realizing its potential in collaboration with the talented Intrexon team.”
“We are pleased to be working with Next Green Wave, a leading cannabis provider with over 20 years’ experience in the industry, as our first partner in the cannabis field employing our cutting-edge Botticelli™ plant propagation platform to help meet the growing demand for high quality cannabis products for California consumers,” said Sekhar Boddupalli, PhD, President of Intrexon’s Ag Biotech Division. “Mike’s award-winning achievements in advancing the cannabis industry and his position at the helm of company with some of the most respected breeders and growers in the field make Next Green Wave an ideal collaborator on this program. Their focus on state-of-the art cultivation to provide premium products at low cost is well matched with Intrexon’s approach to sustainable plant production.”
Next Green Wave initially will deploy the Botticelli™platform within its Coalinga facility for the California market and will be responsible for maintaining appropriate licensure at the facility.
On behalf of the Board,
Leigh Hughes
CEO and Executive Chairman, Next Green Wave Holdings Inc.
For the full video interview please select the image below:
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https://www.youtube.com/watch?v=cQJYtqZRywE
For Infographic please select the image below:
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About Next Green Wave
Next Green Wave is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California, the world’s largest cannabis market. Led by award-winning cannabis industry veteran, Michael Jennings, who is an industry innovator specializing in developing premium cannabis seeds and plants and known throughout the cannabis culture in the state. Next Green Waves’ central operations are in Coalinga which is centered between two major markets of San Francisco and Los Angeles and has been awarded permits for nursery, cultivation, extraction, and distribution. The Company has acquired over 15 acres of cannabis-zoned development land and has nearly completed the construction of its first facility cannabis-zoned development land and has nearly completed the construction of its first facility. Next Green Wave is fully funded having raised over CAD $21M, to bring the company into revenue in 2019. To find out more visit us at www.nextgreenwave.com or follow us on Twitter at @nextgreenwave, on Instagram, and LinkedIn.
About Intrexon Corporation
Intrexon Corporation (NASDAQ: XON) is Powering the Bioindustrial Revolution with Better DNA™ to create biologically-based products that improve the quality of life and the health of the planet. Intrexon’s integrated technology suite provides its partners across diverse markets with industrial-scale design and development of complex biological systems delivering unprecedented control, quality, function, and performance of living cells. We call our synthetic biology approach Better DNA®, and we invite you to discover more at www.dna.com or follow us on Twitter at @Intrexon, on Facebook, and LinkedIn.
Trademarks
Intrexon, Botticelli, Powering the Bioindustrial Revolution with Better DNA, and Better DNA are trademarks of Intrexon and/or its affiliates. Other names may be trademarks of their respective owners.
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.
Intrexon Safe Harbor Statement
Some of the statements made in this press release are forward-looking statements. These forward-looking statements are based upon our current expectations and projections about future events and generally relate to our plans, objectives and expectations for the development of our business. Although management believes that the plans and objectives reflected in or suggested by these forward-looking statements are reasonable, all forward-looking statements involve risks and uncertainties and actual future results may be materially different from the plans, objectives and expectations expressed in this press release.
###
For more information regarding Next Green Wave, contact:
Caroline Klukowski
VP Corp. Development
Tel: +1 (778) 589-2848
IR@nextgreenwave.com
For more information regarding Intrexon Corporation, contact:
Investor Contact:
Steven Harasym
Vice President, Investor Relations
Tel: +1 (214) 721-0607
investors@dna.com
Corporate Contact:
Marie Rossi, PhD
Vice President, Communications
Tel: +1 (301) 556-9850
publicrelations@dna.com
- Published in Business, Marijuana, Medical Marijuana, News Home, Next Green Wave
Next Green Wave Completes Construction of its Advanced Cannabis Production Facility in California
Momentum Public Relations
Press Release: January 14, 2019
Next Green Wave Holdings Inc. (CSE: NGW) (OTCQB: NXGWF) (“Next Green Wave” or the “Company“), announces that it has completed all major structural construction on its first indoor cannabis production facility in Coalinga, California, and mobilized crews to connect all infrastructure to Pacific Gas and Electric’s (PG&E) power grid.
PG&E has commenced work to trench and install power cables from the local substation to connect to the facility. The installation is expected to be completed within a few weeks and will be subject to a final city inspection for the issuance of an occupancy permit. The permit is the final step to allow the Company to begin production.
Figure 1: NGW’s 35,000 sq. Ft Facility in Coalinga, California
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6127/42139_612206f944075933_002full.jpg
Further to Next Green Wave’s facility update, the Company is pleased to announce a management repositioning to forge the Company’s new Research and Innovation division and accelerate its premium cannabis products to the market.
The Board has appointed Mr. Leigh Hughes as the Chief Executive Officer in addition to his position as Executive Chairman. Mr. Michael Jennings will transition into the role of Chief Operations Officer and Head of Research and Innovation.
Mr. Jennings commented: “This is a vital time for the Company as we move into the production phase, I’m excited to step into this new role to advance our research and development and push the innovation envelope to establish Next Green Wave as world-class nursery.”
“This is a major advancement having Michael become the head of operations and lead our new research and innovation division in developing new cultivars to add to our genetic archive. I’m looking forward to taking ownership of this additional role and focus my efforts on our growth strategy and mergers and acquisition opportunities.” said Leigh Hughes, Executive Chairman and Chief Executive Officer.
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 and is nearing completion on its first proprietary engineered 35,000 ft² facility. 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
Executive Chairman, Next Green Wave Holdings Inc.
For more information regarding Next Green Wave or the contents of this news release, contact:
Caroline Klukowski
VP Corp. Development
Tel: +1 (778) 589-2848
IR@nextgreenwave.com
- Published in Business, Marijuana, Medical Marijuana, News Home, Next Green Wave
Next Green acquires 112 cannabis cultivars from CEO
Momentum Public Relations
Press Release: January 8, 2019
Next Green Wave Holdings Inc. (CSE: NGW) (OTCQB: NXGWF)(“Next Green Wave” or the “Company“), is pleased to announce that the Company’s Chief Executive Officer and director, Michael Jennings, has assigned 100% of his interests and benefits to a cannabis genetics inventory including 112 cultivars (the “Genetics Inventory“) to the Company’s wholly owned subsidiary, Crossgate Capital US Holdings Corp. (the “Acquisition“). Mr. Jennings was paid nominal consideration to effect the Acquisition*. The Company now has an additional 112 cultivars to add to its genetic nursery archive.
The Company anticipates the Acquisition to enable it to further execute on its strategy to build a world-class nursery and to develop new cannabis hybrids with desired traits for the California market. The legalization of cannabis in California has added pressure on cultivators to produce new strain varieties for the fast-evolving market. Next Green Wave expects the Acquisition will help the Company adapt to growing demand trends and expedite its development of hybrids that meet premium standards.
“As a Company, our vision is to build a world-class nursery that pushes the innovation envelope in the cannabis industry,” stated Leigh Hughes, Executive Chairman. “We have one of the world’s most exceptional breeders and cultivators-Michael Jennings-who is determined to execute Next Green Waves’ vision to develop a distinguished nursery for the medical and adult-use cannabis market in California.”
In Q1, the Company plans to integrate its newly acquired cultivars from the Genetics Inventory into its breeding program. The Company anticipates that this will have a positive impact on the products it can then introduce into the California market in 2019.
*Note: The Acquisition does not constitute a related party transaction as that term is defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.
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 and is nearing completion on its first proprietary engineered 35,000 ft² facility.
On behalf of the Board,
Leigh Hughes
Executive Chairman, Next Green Wave Holdings Inc.
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).
- Published in hemp, Marijuana, Medical Marijuana, News Home, Next Green Wave
Next Green Wave Obtains All Licenses For Its Current Cannabis Operations in California
Momentum Public Relations
Press Release: January 4, 2019
Next Green Wave Holdings Inc. (CSE : NGW) (OTCQB: NXGWF) (“Next Green Wave” or the “Company“), is pleased to announce that is has obtained all necessary state and local licenses for its site A production facility in Coalinga, California. The newly issued licenses will allow Next Green Wave to carry out all its seed to sale operations in the state of California.
License Specifications:
- Indoor Cultivation – Adult Use (up to 15,000 ft²)
- Indoor Cultivation – Medical (up to 5,000 ft²)
- Nursery Adult
- Nursery Medical
- Distribution – Adult
- Distribution – Medical
- Volatile Extraction – includes non-volatile extraction, infusion and manufacturing
“With the completion of our 35,000 ft² premium indoor Facility A imminent, we have received all of the state licenses necessary to move into production in 2019. This is a major milestone to see us into full operation in 2019,” Stated Leigh Hughes, Executive Chairman.
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, the world’s largest cannabis market. 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. NGW is led by an experienced management team with a focus in international brand development. The Company currently owns over 15 acres of cannabis-zoned development land and is nearing completion on its first proprietary engineered 35,000 ft² facility.
On behalf of the Board,
Leigh Hughes
Executive Chairman, Next Green Wave Holdings Inc.
For information relating to Next Green Wave or the contents herein please contact Caroline Klukowski (VP Corp. Development) at 778.589.2848 or email IR@nextgreenwave.com
- Published in Business, Marijuana, News Home, Next Green Wave
Next Green Wave Announces Its U.S. Listing on OTCQB Under the Symbol NXGWF
Momentum Public Relations
Press Release: December 21, 2019
Next Green Wave (CSE: NGW) (OTCQB: NXGWF) (“NGW” or the “Company”), a Canadian based California operating cannabis company established to provide premium products and brands to both medicinal and adult use consumers in the California market, today announced it has qualified to trade on the OTCQB Venture Market. It also has the intention to seek The Depositary Trust Company (“DTC”) eligibility.
NGW stock will begin trading on the OTCQB, effective immediately, under the ticker symbol “NXGWF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
The OTCQB market is for established companies, both from the U.S. and other countries, that meet high financial standards, provide timely news and provide timely disclosure to investors.
“The team here at NGW is proud to qualify for a listing on the OTCQB marketplace, as it represents a significant milestone in the development of our Company. This signals to the markets that we are committed to creating the most value for NGW and its shareholders,” said Leigh Hughes, Executive Chairman, NGW. “This OTCQB listing increases our exposure and accessibility to the US markets, providing further liquidity for our shareholders, and enabling NGW to fulfill its mission of becoming a premium supplier of cannabis products to the California market and beyond.”
NGW was sponsored for OTCQB by McMillan LLP, a qualified third-party firm responsible for providing guidance on OTCQB requirements and recommending membership.
About Next Green Wave
Next Green Wave is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California, the world’s largest cannabis market. Led by award-winning cannabis industry veteran, Michael Jennings, who is an industry innovator specializing in developing premium cannabis seeds and plants and known throughout the cannabis culture in the state. NGW central operations are in Coalinga which is centered between two major markets of San Francisco and Los Angeles and has been awarded permits for nursery, cultivation, extraction, and distribution. The Company has acquired over 15 acres of cannabis-zoned development land and has nearly completed the construction of its first 32,000 sq Ft. facility. NGW is fully funded having raised over CAD $21M, to bring the company into revenue in 2019.
About OTC Markets Group Inc.
OTC Markets Group Inc. operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
On behalf of the board,
Leigh Hughes,
Executive Chairman
To view the video pertaining to this announcement please follow the link:
https://www.youtube.com/watch?v=lyYk1SYIClI&feature=youtu.be
For the latest company update please see the link below:
https://info.nextgreenwave.com/corporate-update_december2018?utm_campaign=NGW%20Updates&utm_content=81568201&utm_medium=social&utm_source=twitter&hss_channel=tw-1035516140661829633
For information relating to Next Green Wave or the contents herein please contact Caroline Klukowski (VP Corp. Development) at 778.589.2848 or email IR@nextgreenwave.com
- Published in Marijuana, News Home, Next Green Wave
Next Green Wave Cannabis Production Facility Nears Completion and Completes Successful Job Fair
Momentum Public Relations
Press Release: October 31, 2018
Next Green Wave Holdings Inc. (CSE :NGW) (“Next Green Wave” or the “Company“), is pleased to provide an update on the advancement of its cannabis production facility, located in the community of Coalinga, California. The first phase of construction on the USD $8M state-of-the-art indoor facility is now 90% complete.
The 35,000 sq.ft. automated facility is equipped with proprietary fertigation, operational and security systems. The building will also encompass 18 positive pressured, climate-controlled rooms to accommodate the full cycle cannabis growth.
Key Facility Features
- Nursery: 6,500 sq.ft. space to accommodate seed and seedling production, cloning and creating premium hybrids
- Cultivation: 14,000 sq.ft. flowering space comprised of 18 grow rooms producing various premium strains of cannabis flower
- Post Harvest: Trimming, drying and curing areas
- Distribution: Transportation, sales, packaging
Cannot view this video? Visit:
Video: Interview with Mike Jennings + Facility Overview
In anticipation of commercial operations, Next Green Wave also held a well-attended job fair with the support of the local community and Coalinga Mayor, Nathan Vosburg. The Company is currently recruiting for 25+ positions for qualified gardeners, trimmers, security personnel, and administrative staff. (For full details on the fair please visit: CoalingPress_NGW_NewsArticle)
“We are laying a strong foundation for the company and our stakeholders, it has only been two weeks since NGW was publicly listed, and we are hitting all our benchmarks completing the groundwork and facility so that we can get into revenue as quickly as possible,” commented Executive Chairman Leigh Hughes. “We’re also taking proactive steps to strengthen our workforce and taking the opportunity to invest in the community in which we will be operating.”
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, the world’s largest cannabis market. Led by award-winning cannabis industry veteran, Michael Jennings, who is an industry innovator specializing in developing premium cannabis seeds and plants and known throughout the cannabis culture in the state. NGW central operations are in Coalinga which is centered between two major markets of San Francisco and Los Angeles and has been awarded permits for nursery, cultivation, extraction, and distribution. The Company has acquired over 15 acres of cannabis-zoned development land and has nearly completed the construction of its first facility cannabis-zoned development land and has nearly completed the construction of its first facility. NGW is fully funded having raised over CAD $21M, to bring the company into revenue in 2019.
On behalf of the Board,
Leigh Hughes
Executive Chairman, Next Green Wave Holdings Inc.
For information on Next Green Wave please visit www.nextgreenwave.com/investors. For copies of news releases and all company materials please refer to SEDAR (www.sedar.com). For all investor relations information, please refer to www.nextgreenwave.com/investors or contact IR@nextgreenwave.com or +1 778-589-5054.
- Published in Business, Marijuana, Medical Marijuana, News Home, Next Green Wave
Next Green Wave Holdings Inc. announces proposed acquisition of Loud Seeds – a High Times Hall of Fame inductee
Momentum Public Relations
Press Release: October 16, 2018
Next Green Wave Holdings Inc. (CSE : NGW) (“Next Green Wave” or the “Company“), is pleased to announce that it has entered into a letter of intent (“LOI“) whereby the Company intends to acquire 100% of Loud Seeds, LLC (“Loud Seeds”) along with the Loud Seeds brand and all of its related assets (the “Transaction“). As consideration for the Transaction, Next Green Wave intends to distribute $2,000,000 in common shares of the Company to the shareholders of Loud Seeds. Completion of the Transaction is subject to the satisfaction of a number of conditions, including completion of due diligence by the Company, obtaining all required regulatory approvals.
Michael Jennings, CEO and Director of NGW, is a principle in Loud Seeds. The Transaction is therefore a related party transaction and will be subject to the requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Transaction was approved by all the independent directors.
Loud Seeds is a multiple cannabis cup winner for its seeds and clones, has flourished as innovators in developing premium quality cannabis products to meet the dynamic consumer demands. The principles over the past 20 years have developed a vast collection of award-winning strains and has been inducted into the High Times Hall of Fame and the Top 40 Seed Banks of all time.
KEY HIGHLIGHTS
- Loud Seeds brings an extensive catalogue of cannabis genetics into Next Green Wave accelerating its nursery and cultivation ability
- Loud Seeds is a six-time High Times Cannabis Cup winner
- Loud Seeds has been inducted into the High Times Hall of Fame and listed in the Top 40 Seed Banks of all time
James Load (Principle / Founder) of Loud Seeds: “We are excited to bring our extensive portfolio into Next Green Wave, who’s vision and innovative nursery and cultivation style will see our Loud Seeds genetic library go to the next level. Next Green Wave’s cannabis platform is exceptional and their vision to be a dominate force in California and other jurisdictions is exciting for Loud Seeds.”
Leigh Hughes, Executive Chairman of Next Green Wave:“Being able to bring one of the best seed banks in the world into our nursery continues to differentiate Next Green Wave from other cultivators. “We are excited to join an award-winning genetics portfolio with world-class breeding skills as the construction of our first facility nears completion and begins cultivation.”
ABOUT LOUD SEEDS, LLC
Loud Seeds was founded by Kenneth James Koskiniemi (aka: James Loud) and Michael Jennings (aka: Mike Seeds) who have been growing and breeding premium cannabis for over 20 years with a focus on organic growing. Over that time, Loud Seeds has developed a vast collection of cannabis strains and worked with some of the finest cultivators in the United States and Europe on innovative growing techniques and breeding projects.
Loud Seeds has been inducted into the High Times Hall of Fame and listed in the Top 40 Seed Banks of all time. Being covered in the press by The Million Dollar Grow Room, America’s Next Pot Kings and the Top Ten Strains of the Year, the Loud Seeds brand is one of the more recognized seed brands in California. Loud Seeds have breeding methods that have been developed for over 20 years and are specialists in creating, launching and marketing new strains based on consumer demand. Loud Seeds has also built a strong distribution list in California along with relationships with many other well-known cultivators and breeding partners.
ABOUT NEXT GREEN WAVE HOLDINGS INC.
Headquartered in Western Canada, Next Green Wave is a vertically integrated premium medicinal and recreational cannabis company operating in California, one of the world’s largest cannabis markets. Led by award-winning cannabis industry veteran Michael Jennings and an industry innovator specializing in premium cannabis products. The Company has plans to build four facilities centrally located on 15.5 acres of land in Coalinga, California allowing for state-wide reach across the lucrative California market.
For information on Next Green Wave please visit www.nextgreenwave.com/investors. For copies of news releases and all company materials please refer to SEDAR (www.sedar.com). For all investor relations information, please refer to www.nextgreenwave.com/investors or contact IR@nextgreenwave.com or +1 778-589-5054.
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.
- Published in Business, Marijuana, Medical Marijuana, News Home, Next Green Wave
Next Green Wave Holdings Inc. Commences Trading as “NGW”
Momentum Public Relations
Press Release: October 10, 2018
Next Green Wave Holdings Inc. (CSE : NGW) (“Next Green Wave” or the “Company“), is pleased to announce that it has been approved for trading on the Canadian Securities Exchange (CSE) at the opening of the market on Wednesday, October 10, 2018 under the stock symbol “NGW“.
For information on Next Green Wave please visit www.nextgreenwave.com. For copies of news releases and all company materials please refer to SEDAR (www.sedar.com). For all investor relations information, please refer to www.nextgreenwave.com/investors or contact IR@nextgreenwave.com or +1 778-589-5054.
KEY HIGHLIGHTS
- Fully licensed “seed-sale model” to produce and distribute cannabis products for both medicinal and recreational use in the State of California;
- 15 acres of approved cannabis zoned land with capacity to grow up to 350,000 sqft of premium quality product;
- First major facility of 35,000 sqft becomes fully operational in late Q4 with expected revenues in early Q1;
- Led by six-time award-winning cannabis cup winner and industry veteran Mike Jennings, an Industry innovator specializing in premium cannabis products;
- Raised over CAD $21M used to acquire, design and build state-of-the-art facilities as well as accelerate the seed-sale model in California;
Leigh Hughes, Executive Chairman of Next Green Wave, stated: “We are excited to bring this unique opportunity to our investors who have recognized the upside of investing in Next Green Wave which is breaking into the very large and highly lucrative Californian market. State of California, where recreational cannabis was legalized just this year, is the largest cannabis market in the world and is expected to grow exponentially in the coming years. We are bringing decades of California cannabis experience, the world-class nursery and cultivation skills of our CEO Mike Jennings and a vertically integrated premium operation which positions Next Green Wave to become a key producer in this market. We look forward to sharing more exciting and ground-breaking news to the industry in the coming months.”
Please click here to watch an interview with Mr. Hughes
ABOUT NEXT GREEN WAVE HOLDINGS INC.
Headquartered in Western Canada, Next Green (formerly Crossgate Capital Corp.) is a vertically integrated premium medicinal and recreational cannabis company operating in the State of California, the world’s largest cannabis market. Led by award-winning cannabis industry veteran Mike Jennings, an Industry innovator specializing in premium cannabis products. With 15.5 acres and plans for four facilities centrally located in Coalinga, California – allowing for state-wide reach across the lucrative Californiamarket.
For more information please visit: www.nextgreenwave.com
- Published in Business, Life Sciences, Medical Marijuana, News Home, Next Green Wave
Aurora CEO Cam Battley, “Make No Mistake, This Is Going To Become A Large Global Industry, Bigger Than Global Brewing.”
Going Global: Nav Dhaliwal, Supreme Cannabis CEO, Predicts A Global Marijuana Market Worth $180-200 Billion in Ten Years For Medical Marijuana Alone
Aurora CEO Cam Battley, “Make No Mistake, This Is Going To Become A Large Global Industry, Bigger Than Global Brewing.”
Australian Interests Invest in Next Green Wave
Momentum Public Relations
Blog: October 9 2018
If you thought that marijuana was strictly a Canadian game, it’s time to look again. An October 3, 2018 story by Rupert Neate covering the Cannabis Invest conference in the British newspaper The Guardian shows just how quickly the marijuana industry is maturing. It is now as much about globalization as about California or Canada.
Cannabis Invest was a one day conference held in the Mayfair Hotel ballroom in London on October 2, 2018. On October 3, 2018, the conference, designed to provide access and networking opportunities between marijuana industry senior executives and professional investors was held in Geneva. London and Geneva are two of the most important financial capitals of the world.
Once again the Canadian legalization of recreational marijuana on October 17, 2018 was seen as a transformational catalyst as Canada becomes the first G20 country to legalize recreational consumption.
With that given, it comes as no surprise that the majority of companies presenting were Canadian and according to the conference organizers, represented a combined $30 billion in market capitalization, or nearly two thirds of the global marijuana industry. According to The Guardian, some of the UK’s biggest banks and pension funds were in attendance.
Nav Dhaliwal, the CEO of Supreme Cannabis was quoted as saying: “Cannabis is an emerging global market and our thesis is that we are at the beginning of a global rollout. We estimate that the market will be worth $180-$200 billion a year over the next decade just for medical use and cannabis will expand beyond medical use. From pharmaceutical companies to alcohol and tobacco, cannabis is a threat to all those industries.”
Aurora CEO Cam Battley was quoted as saying: “Make no mistake, this is going to become a large global industry, bigger than global brewing and I’ll tell you why. Beer has no legitimate medical applications no matter what we tell ourselves on a Friday evening. There’s money to be made and a lot of it. This is going to be big, you’ll look back on this as a turning point in your investment.
London and Geneva aren’t the only international financial capitals hosting marijuana conferences and seminars for investors eager to catch a piece of the burgeoning global marijuana industry.
On November 1, 2018 CannaTech, a marijuana investor’s symposium will be held at the Hotel W in Hong Kong. While the Chinese will initially invest in Canadian marijuana companies it is also thought that once China allows the use of medical marijuana that the Chinese will start their own marijuana industry. Marijuana is a traditional element in traditional Chinese medicine.
Several Canadian marijuana companies have interests in Australia, where medical marijuana was legalized in 2016 and domestic production was harvested during 2018. Among them are Aurora (ACB), Canopy Growth (WEED), MYM Nutraceuticals (MYM), Aphria (APH) and CannTrust Holdings (TRST). The land down under is often seen as the next best prospect for legalized recreational cannabis.
Given the increasingly global approach to the industry it shouldn’t surprise anyone that Australian money is investing in the North American marijuana industry. You might even call it a vote of confidence.
That confidence can be seen in Next Green Wave, a California-based marijuana company that is set to take the market by storm when it launches on the Canadian Stock Exchange as ticker NGW on October 10, 2018.
During the Spring and Summer of 2018 Next Green Wave raised $21 million and according to The Australian, 80% of that money came from Australian institutional investors.
Next Green Wave is an exceptional and in some ways unique start-up. To begin with, while the company is headquartered in Vancouver its operations are located in Coalinga California. Coalinga is in the middle of California and it is a central distribution hub.
In his interview with The Australian Next Green Wave Executive Chairman Leigh Hughes described California as being the largest and best marijuana market in the world.
The market for marijuana in California is huge. New Frontier Data predicts that it will grow 16% annually, going from US$10.82 billion in 2018, to US$16.02 billion in 2020 and reaching US$ 24.07 billion in 2025.
In contrast, the Canadian marijuana market has been predicted by New Frontier Data to hit $8.6 billion in 2018, rising to $9.2 billion by 2025.
Leigh Hughes went on to say in The Australian that within three months of its market listing Next Green Wave was likely to announce a global expansion. Factors which make the company unique include the possession of four conditional use permits for medical and recreational marijuana permits for cultivation, nursery, volatile and non-volatile extraction and distribution.
According to Hughes no other company has the same number of permits and it reflects Next Green Waves B2B business model. The company expects to start seeing revenues from flower sales early in the first quarter of 2019. However as revenues start to flow Next Green Wave intends to capitalize on its intellectual property.
That intellectual property is largely in the hands of CEO Mike Jennings, a marijuana industry rock star. In the past he co-founded Loud Seeds and has won the High Times Cannabis Cup six times. In 2014 Loud Seeds was inducted into the High Times Seed Bank Hall of Fame. High Times, is a magazine that was founded in 1974 and is regarded as the bible for both the marijuana connoisseur and the marijuana cultivator.
Jennings has many connections in the California marijuana industry and with California marijuana dispensaries. Once the nascent California industry is up and running Next Green Wave will start offering distribution and branding services to other marijuana companies that meet its quality requirements. It will also be opening its seed bank up for prospective growers and refining CBDs for therapeutic applications.
It is these kinds of IP that Hughes is talking about when he talks about access to the Next Green Wave Blueprint and global expansion in The Australian: “it accelerates so many things, such as how to build your facility, how to get from seed to shelf and product development.”
As for the future, Hughes is convinced it will be bountiful: “I recently had brokers and high-net individuals in Australia who missed out on funding rounds asking how they can buy on market. I’ve never had that before and it will not surprise me if post-listing there are more Australian investors who buy in.”
This blog is written for informational and educational purposes only. It should not be construed as investment advice.
- Published in Blog, Marijuana, Next Green Wave
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- Published in Business, Life Sciences, Medical Marijuana, News Home, Next Green Wave