VANCOUVER, /CNW/ - 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.
- 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 California market.
For more information please visit: www.nextgreenwave.com
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.
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.
SOURCE Next Green Wave Holdings Inc.