Next Green Wave Announces Financial Results, Provides Dispensary Update – Yahoo Finance   Recently updated !


Vancouver, British Columbia–(Newsfile Corp. – May 3, 2021) – Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) (“Next Green Wave”, “NGW” or the “Company”), a premium seed-to-shelf craft cannabis producer, is pleased to announce operational and financial updates:

Dispensary Updates

The Company now has placed multiple product lines in approximately 75 dispensaries throughout California, ranging from Sacramento to Palm Springs to San Diego. The dispensary count will continue to grow throughout the year and does not include the several COOKIES dispensaries, which are expected to have Company products later in 2021.

Financial Updates

The Company has released its audited financial statements for the 12 month period ending December 31, 2020 which can now be found on SEDAR.

The Q1 2021 financial statements will be released on or around May 31, 2021, however, key metrics for the last five quarters are reported below.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6127/82617_4e9062be541028ea_002full.jpg

Operational Updates

In April 2021, the Company secured all conditional use permits from the City of Coalinga (as previously announced on April 6, 2021) allowing it to move forward with obtaining the building permit for its 50,000 sq. ft. premium indoor cultivation facility (“Facility B”) that’s located adjacent to its current cultivation facility.

The updated construction timeline for Facility B is as follows:

Engineering and architectural designs fully complete in Q2 2021.

Building permits obtained in Q2 2021.

Construction commencing in Q3 2021.

Certificate of Occupancy obtained in Q1 2022.

“After a transformational 2020, our team’s focus for 2021 is threefold: expanding production capacity, continuing to improve operationally and hitting our financial targets. Our 50,000 square foot expansion project is on schedule, and when operational, will increase our total annual output to approximately 20,000 pounds of premium indoor flower. As previously stated, construction is set to begin in the next few months. Regarding operational improvements, as a multi-generational cultivator, I am

Read More Here...

Share on facebook
Share on twitter
Share on reddit
Share on pinterest
Share on email

Leave a comment

Your email address will not be published. Required fields are marked *