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Next Green Wave Goes Beyond Projections, Launches Q3 2021 FS Vancouver, B.C. November 30, 2021 Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) (" Next Green Wave", "NGW" or the "Business"), a premium seed-to-shelf craft cannabis manufacturer, is delighted to reveal
Introduction Next Green Wave Holdings Inc. (CSE:NGW, OTCQX: NXGWF) is a vertically-integrated seed-to-consumer manufacturer and reseller of marijuana products. The business is constructing a premium portfolio of brands in California. Led by a numerous Cannabis Cup winner for producing seeds and hybrids, and a team of seasoned executives, Next Green Wave makes every effort to differentiate itself as a dominant cannabis services and products provider.
California is the fifth-largest economy in the world and provides legal cannabis business an unique opportunity. In 2017, marijuana sales in California were estimated at US$ 2. 76 billion and t is anticipated to more than double to US$ 6. 3 billion by 2021, according to Statista. Next This Website is well-positioned to take advantage of the growth of a fragmented cannabis market that is moving from the grey market to the legal market.
The investment has actually assisted Next Green Wave in the acquisition of cannabis-zoned advancement land, phase one construction, equipment and building acquisitions, branding and marketing along with potential business growth. Next Green Wave's Company Highlights Totally accredited for medical and leisure cannabis operations 100 percent owned, 15-acre cannabis-zoned property Approximately 350,000 square feet of functional capacity in the business's growing facility which commenced production in Q2 2019.
The company has obtained a license for nursery, growing, unstable and non-volatile extraction and distribution. Having multiple licenses in California is unusual and can differ from town to municipality. Together, the licenses permit Next Green Wave to supply its services from production to distribution throughout California to fulfill the seed-to-consumer experience.
Phase 1 of the arrangement started in Q1 2019 and consists of enhancing the Botticelli tissue culture technology to Next Green Wave-specific cannabis cultivars to reveal this platform offers economical marijuana plantlet production compared to standard cloning. The company completed the setup and activation of the R&D laboratory in September 2019.