Next Green Wave (fka NXGWF)

[Harpo1]

Hi Guys,

I copied and pasted a news release from October 11,2019. See below for details of the public news release.

NGW posted that it has in process its third harvest. And that NGW is producing a harvest every 10-14 days. Twice a month as an estimate. And that all of its rooms are in full production.

So in fact we did have 3 months of full production, And at 9000 pounds per year forecast by the company, that should yield 750 x 3 months = 2250 pounds of weed. At current market using $2500 per pound = $5,625,000. My forecast is at $4,000,000 for estimating purposes.

Question that remains how much of this production has been sold and invoiced within the last quarter of 2019 billing cycle.

But what is important to me is that we continue to produce product at a rate of at least 2 crop yields per month. And in fact this production rate has been confirmed by Caroline on a phone conversation with her this week.

It might take an extra quarter to reach the financial statements.
But the fact remains that with this production rate, and the current price of indoor high quality weed that the cash flow problems for NGW with shortly be a thing of the past.









Harvest On Schedule, Product Entering Additional Dispensaries

Vancouver, British Columbia--(Newsfile Corp. - October 11, 2019) - Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) ("Next Green Wave", "NGW" or the "Company") is pleased to announce that it is processing its third cannabis harvest that will be sold for consumption as premium whole flower product, through its partner brands at selected dispensaries throughout California. The cannabis grown by NGW has consistently passed strict category three testing (CAT3) and meets all premium standards for the California market.


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SDC cannabis products now available at Columbia Care

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Next Green Wave is continuing to build out its distribution strategy to deliver value to top tier dispensaries through its growing brands and products. Similar to a pharmaceutical distribution model, this will allow the company to bypass third party distributors, improve operational efficiency and deliver direct to the retailer. We are proud to announce that Columbia Care dispensaries have now been added to our growing network.




"In less than 6 months since opening our flagship facility, we have completed three harvests of premium quality, high THC cannabis, as well as fully scaled the entire space. As such, the facility is now in a perpetual harvest cycle in which roughly 14% of the flowering space is being processed every 10-14 days. At the same time, we are fortunate to have recently sourced and hired key additional talent to support and facilitate our expanding operations. We are now cultivating at full capacity and our employees will continue to play a significant role as we expand our market share by supplying the highest quality cannabis products to market in a timely fashion," stated CEO Mike Jennings.






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One of fourteen 1,300 sq ft growing rooms, two rooms will be harvested every 10-14 days

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NGW is a fully integrated premium cannabis producer with 8 legacy brands and over 45 products marketed through its WEARESDC brand house. Based in Coalinga, California the company owns and operates a 35,000 sq ft state-of-the-art cultivation facility and is currently expanding extraction and other operations on its cannabis zoned campus. NGW has a seed library of over 120 cannabis strains which include multiple award-winning genetics and cultivars and is developing its nursery cloning operations with bio-tech leader Intrexon. To find out more visit us at www.nextgreenwave.com or follow us on Twitter, Instagram, or LinkedIn.

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