Vancouver, British Columbia–(Newsfile Corp. – May 23, 2019) – Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) ("Next Green Wave", "NGW" or the "Company") announces that it has applied for five annual licenses related to conducting commercial cultivation activities in California. These license applications are presently under review by the California Department of Food and Agriculture ("CDFA"). The Company held temporary licenses to cultivate based on the legislative scheme implemented in 2018 (providing for temporary licenses with annual license requirements to follow in 2019), which have since expired. The industry is currently facing a challenge due to the backlog and processing of these applications as temporary licenses expire.
A California legislative bill is currently underway to extend the temporary licenses so law-abiding companies aren't unduly penalized. According to the CDFA communications manager Rebecca Foree, "Businesses with a temporary license that have submitted an annual application are not an enforcement priority for CDFA." (source: Marijuana Business Daily, February 27, 2019)
Next Green Wave has its local licenses in place to conduct cultivation activities, and anticipates that the state licenses will be issued shortly. The Company's distribution license has been extended to July 25, 2019.
Launch of New Website and Rejuvenated Brand Identity
The Company pleased to announce that as an outcome of our corporate strategic plans and our newly defined brand strategy, we are officially launching a revitalized Next Green Wave brand, in support of our company's goal of becoming the #1 premium cannabis consumer goods company in California.
Included in this rollout is our new website which is now live at www.nextgreenwave.com. Within this site are details on our extensive brand portfolio, our 35,000 sq ft operational facility, our business model and a frequently updated news section. With a desire to elevate life's moments for our industry, stakeholders and consumers, we are looking beyond just the product to create a more personal lifestyle connection with our communities. You can catch the brand evolution and daily stories through our Twitter, Facebook and Instagram accounts @nextgreenwave
"We are excited for the months to come as we ramp up production and continue to roll-out quality products with SDC and our brand partners which have significant influence and subculture, giving NGW the largest voice in California," stated Leigh Hughes, CEO Next Green Wave.
We hope that you enjoy the improvements that we have made to the new website and welcome your feedback as we continue to position Next Green Wave as California's #1 Premium Cannabis Goods Supplier.
About Next Green Wave
Next Green Wave is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California. The Company's first state-of-the-art indoor facility (35,000 ft.2) is now entering production with future plans to expand the 15 acres of cannabis zoned land it is situated on. To find out more visit us at www.nextgreenwave.com or follow us on Twitter at @nextgreenwave, on Instagram, and LinkedIn.
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