March 22, 2019
Jamie Blundell, President & COO is pleased to provide the following update on Next Green Wave, one of CGOC’s public holdings:
Next Green Wave Holdings Inc. (“Next Green Wave”), announced that is has begun the optimization phase of the strategic licensing agreement with Intrexon Corporation (NASDAQ: XON) (“Intrexon”) 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.
As part of the first phase of the project, Next Green Wave will optimize Intrexon’s Botticelli™ technology to Next Green Wave’s specific cannabis cultivars. The Botticelli™ platform is an advanced tissue culture technology designed to enable efficient propagation of plants while maintaining genetic purity and product performance. It offers potential for a more sustainable, scalable, and more economical solution than conventional cloning approaches with cannabis.
Next Green Wave also provided upcoming key milestones in 2019, which include:
- Next Green Wave will work to achieve the following;
- Utilize Next Green Wave’s hemp CBD strains as a proxy to optimize standard operating procedure (SOP)
- Complete tissue culture lab build out and become operational at Next Green Wave’s 3,240 sq. ft Site C facility.
- Optimize Botticelli™ SOP to Next Green Wave THC cultivars ready for scale-up production and commercialization.
To read the full release click here.
For further information please contact Cannabis Growth Opportunity Corporation:
|Website: www.cgocorp.com||Investor Relations Email: email@example.com|
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