Toronto, ON – Cannabis Growth Opportunity Corporation (“CGOC”, or the “Company”) (CSE: CGOC), a cannabis focused investment corporation with both public and private cannabis holdings, announces that Next Green Wave Holdings Inc. (“Next Green Wave”), one of its private holdings that recently went public (CSE:NGW), announced that first phase of construction on the US$8M state-of-the-art indoor facility (located in the community of Coalinga, California), is now 90% complete.
The 35,000 sq.ft. automated facility is equipped with proprietary fertigation, operational and security systems. The building will also encompass 18 positive pressured, climate-controlled rooms to accommodate full cycle cannabis growth.
Key Facility Features include: Nursery (6,500 sq.ft. space to accommodate seed and seedling production, cloning and creating premium hybrids); Cultivation (14,000 sq.ft. flowering space comprised of 18 grow rooms producing various premium strains of cannabis flower); Post Harvest (Trimming, drying and curing areas); and Distribution (Transportation, sales and packaging).
In anticipation of commercial operations, Next Green Wave also held a well-attended job fair with the support of the local community and Coalinga Mayor, Nathan Vosburg. The Company is currently recruiting for 25+ positions for qualified gardeners, trimmers, security personnel, and administrative staff.
About Next Green Wave
Next Green Wave is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California, the world’s largest cannabis market. Led by award-winning cannabis industry veteran, Michael Jennings, who is an industry innovator specializing in developing premium cannabis seeds and plants and known throughout the cannabis culture in the state. NGW central operations are in Coalinga which is centered between two major markets of San Francisco and Los Angeles and has been awarded permits for nursery, cultivation, extraction, and distribution. The Company has acquired over 15 acres of cannabis-zoned development land and has nearly completed the construction of its first facility cannabis-zoned development land and has nearly completed the construction of its first facility. NGW is fully funded having raised over CAD $21M, to bring the company into revenue in 2019.
For more information visit www.nextgreenwave.com/investors
CGOC is an investment corporation that offers unique global exposure to the emerging global cannabis sector. CGOC’s main objective is to provide shareholders long-term total return through its actively managed portfolio of securities, both public and private, operating in, or that derive a portion of their revenue or earnings from products or services related to the cannabis industry.
For further information please contact:
Cannabis Growth Opportunity Corporation