VANCOUVER, B.C. — August 8, 2019 — Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) ("Next Green Wave", "NGW" or the "Company") announces that it has accepted the resignation of Leigh Hughes as a senior officer and Board member. Mr. Hughes has been the Company's CEO and Executive Chairman since its early formation and assisted the Company with its structure, financing and facility construction. Mr. Hughes will continue his involvement with the Company as an advisor to the Company's Board, in order to facilitate an orderly transition to new leadership.
Mr. Hughes guided the Company through its key early phases and, played an important role in its transition from concept to its present status as a cultivator and soon to be distributor of premium branded cannabis products in California. The Company is now poised to enter the market with a strong portfolio of enticing cannabis brands.
The Board thanks Mr. Hughes for his contributions and wishes him well in his new endeavors.
"I took over as CEO in January 2019 to lead NGW through a difficult formative period. NGW is now in a strong position to continue its growth cycle. This rewarding period has left the Company in a strong position and due to health and personal priorities I have decided to move to an independent advisory role."
– Leigh Hughes, Former CEO and Executive Chairman of Next Green Wave
Mr. Hughes went on to say that "as a cannabis entrepreneur I am very excited about the imminent production and revenue phase of the Company and to see it now in a position to achieve its goal of becoming one of the major cannabis players in California."
About Next Green Wave
NGW is a fully integrated premium cannabis producer with 8 legacy brands and over 45 products through its subsidiary WEARESDC. Based in Coalinga, California the company owns and operates a state-of-the-art cultivation facility and is currently expanding operations on the cannabis zoned property it is situated on. NGW has a seed library of over 120 strains which include multiple award-winning genetics and cultivars and is developing its nursery cloning operations with bio-tech leader Intrexon. The company also has an investment in OMG to provide it with further access to distribution throughout Colombia.
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