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
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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.