January 16, 2019
Jamie Blundell, President & COO is pleased to provide the following update on Next Green Wave (CSE: NGW):
Next Green Wave (“NGW”) recently provided a number of updates regarding its business as noted below.
Construction of Advanced Cannabis Production Facility in California
NGW announced that it completed all major structural construction on its first indoor cannabis production facility in Coalinga, California, and has mobilized crews to connect all infrastructure to Pacific Gas and Electric’s (PG&E) power grid. PG&E has commenced work to trench and install power cables from the local substation to connect to the facility.
Management Repositioning to Spearhead Research & Innovation Division
The Board has appointed Mr. Leigh Hughes as the Chief Executive Officer in addition to his position as Executive Chairman. Mr. Michael Jennings will transition into the role of Chief Operations Officer to forge the Company’s new Research and Innovation division and accelerate its premium cannabis products to the market.
Licensing Agreement with Global Biotech Leader Intrexon
NGW entered into a strategic licensing agreement to utilize Intrexon’s Botticelli™ next generation plant propagation platform to enable rapid production of Next Green Wave’s proprietary cannabis cultivars for the California market. The collaborative work conducted at Next Green Wave’s facilities will also accelerate its vision of becoming a world-class nursery.
For further information please contact Cannabis Growth Opportunity Corporation:
|Investor Relations Email: firstname.lastname@example.org|
About Next Green Wave
Next Green Wave is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California, one of the world’s largest cannabis markets. The Company’s central operations are in the city of Coalinga which is located between two major markets of San Francisco and Los Angeles and has been awarded licenses for nursery, cultivation, extraction, and distribution. Next Green Wave is led by an experienced management team with a focus on international brand development. The Company currently owns over 15 acres of cannabis-zoned development land and is nearing completion on its first proprietary engineered 35,000 ft² facility.
For more information visit www.nextgreenwave.com/investors