Effective today, NGW will commence its cultivation program and receive its first plantlets to accommodate a perpetual harvest cycle.
Leigh Hughes, chief executive of Next Green Wave Holdings Inc (CSE:NGW) (OTCMKTS:NXGWF), speaks to Proactive London as they officially got the nod to produce in California.
”Operations begin today for us which is a fantastic achievement for our company”.
‘We go into activating facility A …plants go into the ground today, we go straight into operations, everything our shareholders have invested into our company for begins today being a licensed producer so this is a huge milestone for our company”.
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Next Green Wave (CSE:NGW) (OTCMKTS:NXGWF), has been established to produce and supply cannabis products throughout the State of California.
Next Green Wave has acquired 15 acres of land zoned for cannabis production and manufacturing in Coalinga, California. The company’s first state-of-the-art facility on the property has been completed and is now fully operational. A second facility for research and innovation is being retrofitted and expected to be ready for production in Q2 of 2019. In addition to the existing facilities, the company has the ability to add a further 250,000 sq ft greenhouse to its land parcel increasing its capacity to 350,000 sq ft.
Next Green Wave has been awarded licenses for indoor cultivation, nursery, manufacturing and extraction, and distribution, making it a completely vertically integrated operation from seed to consumer.
With the state of California having commenced recreational sales on January 1st, 2018, it is poised to become the largest cannabis market in North America. Next Green Wave is well positioned to become a key producer in a market that is expected to grow to US$6.5B in sales by 2020.
Company Website nextgreenwave.com
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