Next Green Wave (fka NXGWF)

[Cannabis Futures]

Next Green Wave Sauce Carts Sell Over 100k In Under 30 Days

Vancouver, B.C. — October 15, 2020 — Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) (“Next Green Wave”, “NGW” or the “Company”) the Company is pleased to announce that the first 30 days of sauce cartridge sales (the “Carts”) generated revenue of over US$100,000, at a gross margin of approximately 60%. Due to the success of the soft launch, the Company plans to rapidly expand distribution to all current retail partners, continuing NGW’s evolution from a flower producer to CPG company. Next Green Wave currently has the following branded products in the market: Indoor flower, pre-roll joints, dabbable extracts, the Carts.

The Carts are totally different than your standard “vape” or “sauce cart” ; this is a non-distilled sauce with COA’s coming back as high as 85% THC and 95% total cannabinoids. And because it is not distilled, each cartridge has the full spectrum of terpenes, cannabinoids and flavonoids enabling a true connoisseur grade entourage effect experience.

In other words, the Carts are:

Single source
Strain specific
Non-distilled
Non-refined
No additives
Indoor flower derived biomass
100% all natural
3rd party lab tested
The focus on ‘downstream’ products (all cannabis CPG’s other than flower) gives Next Green Wave the ability to continue growing revenue, cash flow and profit beyond the current constraints of our flower production limits. As a result, the Company can take market share in segments that do not require NGW production infrastructure, labor or resources.

The current strain specific varieties include:

Wedding Cake
Le Mans
GMO cookies
GMO Cherries
Grape pie cookies
Pineapple upside down cake
Slurricane
Lava cake
GG4
Og kush

Fatso bred by @reallycannarado, cultivated by Next Green Wave – now also available now as full spectrum sauce.
This menu of exotic strain varieties include some hard to find genetics that have come from our Pheno hunting and genetics sourcing. The flower strains used are top shelf and high demand, differentiating this sauce from the competition in the market.

Slurricane grown by Next Green Wave, now available in full spectrum sauce.
“The successful launch of our Next Green Wave Sauce Cart highlights our ability to create high margin top quality consumer product goods in the most sophisticated market, within a very competitive category. As such, we look for this product to be a significant driver of top line revenue and EBITDA moving forward.” – Mike Jennings CEO – Next Green Wave

Michael Jennings

Chief Executive Officer, Director
Next Green Wave Holdings Inc.

https://www.nextgreenwave.com/news-releases/next-green-wave-sauce-carts-sell-over-100k-in-under-30-days/