ASHBURN, Va., Sept. 8, 2015 /PRNewswire/ -- Next Generation Management Corporation (OTC: NGMC) is pleased to announce that its medical marijuana cultivation facility in Oregon is nearing completion.
"We had some delays with construction and the delivery of equipment. Also we brought on a grower with an excellent track record of success in producing high quality plants," said Darryl Reed CEO of NGMC. "We are on track to begin production within the next couple of weeks."
"We researched medical marijuana opportunities in a number of states and made an effort to become involved in California. We are now convinced that Oregon is the best state to do business in and we are now 100 percent focused on succeeding in Oregon," Mr. Reed said. "We formed the wholly-owned subsidiary Nextgen Holdings, LLC to maximize our cannabis assets in Oregon."
("Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.)
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Paul Knopick
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