VANCOUVER , Oct. 10, 2018 /CNW/ - Next Green Wave Holdings Inc. (CSE : NGW) ("Next Green Wave" or the "Company"), is pleased to announce that it has been approved for trading on the Canadian Securities...
Next Green Wave has acquired 15 acres of land zoned for cannabis production and manufacturing in Coalinga, California. The company’s first state-of-the-art facility on the property has been completed and is currently being hooked up to the power grid. A second facility for research and innovation is being retrofitted and expected to be ready for production in 2019. In addition to the existing structures, the company has the ability to add a 250,000 sq ft greenhouse to it’s land parcel increasing its capacity to 350,000 sq ft.
Next Green Wave has been awarded licenses for indoor cultivation, nursery, manufacturing and extraction, and distribution, making it a completely vertically integrated operation from seed to consumer.
With the state of California having commenced recreational sales on January 1st, 2018, it is poised to become the largest cannabis market in North America. Next Green Wave is well positioned to become a key producer in a market that is expected to grow to US$6.5B in sales by 2020.