Next Green Wave Holdings Inc (NGW)

[BlueGreenPower]

Very interesting interview with Mike Jennings on Proactive.

Some company goals he mentioned were to increase capacity by maximizing output at the current facility. He mentions the time horizon to add more cultivation capacity at the Coalinga property is 24 to 28 months.

They are also looking for low cost existing infrastructure to build NGW's next stage of flower production to double or triple capacity over the next 12 months. Because of high demand for NGW products he believes it's prudent to capture that momentum, and get more production online as quickly as possible.

If they are currently looking for low cost cultivation facilities it's the perfect time to do it. There are currently a large number of cultivation facilities available for sale or lease from cash strapped growers unable to meet the financial demands of the new California cannabis regulations. This is a great opportunity for NGW to add grow partnerships and joint ventures as well.

NGW could be moving toward a CPG business model of curating, and distribution of premium flower from multiple sources. Mike says they are already selling everything they can grow so this would be a logical next step in their growth. Smart move :) imho glta

https://ca.proactiveinvestors.com/companies/news/923945/next-green-wave-releases-2nd-quarter-financial-numbers-recording-3-million-in-revenue-923945.html