Next Green Wave Obtains All Licenses For The Current Cannabis Operations in California

Next Green Wave Obtains All Licenses For The Present Cannabis Operations in California

Next Green Wave Holdings Inc. (CSE: NGW) (OTCQB: NXGWF), is pleased to announce that is has obtained all necessary state and local licenses for its site A production centre in Coalinga, California. The newly issued licenses will allow Next Green Wave to execute all its seed to purchase operations in the state of California.

  • Indoor Cultivation – Mature Use (around 15,000 feet ²-RRB-
  • Indoor Cultivation – Medical (around 5,000 feet ²-RRB-
  • Nursery Adult
  • Nursery Medical
  • Distribution – Mature
  • Distribution – clinical
  • Volatile Extraction – includes non-volatile extraction, infusion and manufacturing

“With the conclusion of our 35,000 feet ² premium indoor Facility A impending, we’ve received all of the state licenses required to move into production in 2019. This is a major milestone to see us into full operation in 2019,” Stated Leigh Hughes, Executive Chairman.

Next Green Wave is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California, the world’s biggest cannabis market. The Company’s central operations are from the city of Coalinga which is situated between two major markets of San Francisco and Los Angeles and has been given licenses for toddlers, cultivation, extraction, and distribution. NGW is led by an experienced management team with a focus in global brand development. The Company now owns over 15 acres of cannabis-zoned development land and is nearing completion on its first proprietary engineered 35,000 feet ² centre.

On behalf of the Board,

Executive Chairman, Next Green Wave Holdings Inc..

For information relating to Next Green Wave or the contents herein please contact Caroline Klukowski (VP Corp.. Development) in 778.589.2848 or email IR@nextgreenwave.com

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of applicable securities laws. All statements that aren’t historical facts, including without limitation, statements regarding future estimates, plans, programs, predictions, projections, objectives, assumptions, expectations or beliefs of future performance, are”forward-looking statements.” Forward-looking statements can be identified by the use of phrases such as”plans”,”anticipates” or”does not expect”,”is expected”,”estimates”,”intends”,”anticipates” or”does not expect”, or”believes”, or variations of such words and phrases or statements that certain actions, events or results”may”,”could”,”could”,”might” or”will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, among others, the risk factors contained in the preliminary prospectus, including without limit dependence on obtaining and maintaining regulatory approvals, such as obtaining and renewing state, local or other permits and any inability to obtain all necessary governmental approvals permits and permits to finish construction of its proposed facilities in a timely manner; participating in actions which currently are illegal under US federal law and the uncertainty of current protection from U.S. federal or other prosecution; political or regulatory change such as changes in applicable laws and regulations, such as U.S. state-law legalization, particularly in California, due to inconsistent public opinion, perception of the medical-use and adult-use marijuana industry, bureaucratic delays or inefficiencies or some other reasons; some other factors or improvements which may hinder market growth; NGW’s limited operating history and lack of historical gains; reliance on management; NGW’s requirements for additional funding, and the impact of capital market conditions and other variables on capital availability; competition, including from more recognized or better funded competitors; and the requirement to secure and maintain corporate alliances and partnerships, such as with customers and suppliers. Readers are encouraged to the review the section titled”Risk Factors” in NGW’s preliminary prospectus. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Though NGW has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. NGW no obligation to update any forward-looking announcement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.

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Released at Fri, 04 Jan 2019 13:32:29 +0000

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