Vancouver, British Columbia--(Newsfile Corp. - 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.comor follow us on Twitter at @nextgreenwave, on Instagram, and LinkedIn.
On behalf of the board,
CEO and Executive Chairman
Next Green Wave Holdings Inc.