Vancouver, British Columbia–(Newsfile Corp. – February 1, 2021) – Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) is pleased to announce the following January 2021 updates:
FINANCIAL HIGHLIGHTS
The Company’s Adjusted EBITDA* was approximately US$1,000,000 for January 2021, on revenues of approximately US$1,600,000. This after already recording approximately US$1,000,000 Adjusted EBITDA* in both October 2020 and November 2020, click HERE for the press release.
For a summary of our Q4 2020 results, click HERE
EXPANSION UPDATE
The construction timeline for the Company’s next premium indoor cultivation facility (“Facility B”) is on schedule. NGW expects engineering and architectural designs to be complete by the end of Q1 2021, construction to commence in Q2 2021 and that it will obtain a certificate of occupancy in Q4 2021.
For more information click HERE
NGW x COOKIES
NGW is pleased to confirm it has signed a 2 year supply and production agreement with COOKIES. COOKIES is one of the most well-respected, top-selling and premiere cannabis brands in California and throughout the world.
Read more about it HERE
NGW NAMED TO OTCQX BEST 50
On Jan 28, 2021, the Company was named to the 2021 OTCQX® Best 50, a ranking of top performing companies, across all industries, traded on the OTCQX Best Market in 2020. Next Green Wave was ranked 41st overall and 4th among all public cannabis companies. Of the cannabis companies that made the list, Next Green Wave is the only cannabis company with a market cap of less than 500 million.
For the full press release, click HERE.
“We continue to be excited by the reception of, and demand for, our products throughout the California market, which was mostly unaffected by the State of California’s stay-at-home orders. This consistent demand is a true testament to not only the demand for our products, but the community of recurring customers NGW has garnered and continues to grow. As we commence our build of the much larger Facility B in Q2 2021, we are excited to be able to service more of the rapidly growing demand for our products and expand our reach into new markets across California, the largest addressable market in the United States. We expect to continue to do all this while maintaining our industry-leading profit margins.”
– Michael Jennings CEO Next Green Wave
Michael Jennings
Chief Executive Officer, Director
Next Green Wave Holdings Inc.
