VANCOUVER, B.C. — September 12, 2019 — Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) ("Next Green Wave", "NGW" or the "Company") is pleased to announce that it has partnered with the iconic "No Jumper" brand and host "adam 22" to roll out its latest premium exotic flower strains.
The products will be featured on a monthly basis through No Jumper's Podcast with 45 million viewers per stream and Next Green Wave's brand house SDC. The flower will be available at leading Los Angeles and San Diego dispensaries, including March and Ash within two weeks.
With over 45 million views per stream, No Jumper has become an influential hub to launch upcoming musicians, artists and acts on its weekly celebrity-spot podcast show. No Jumper clothing and merchandise are currently sold at their Melrose store in Hollywood and Zumiez clothing stores nationwide.
This strategic partnership will enable Next Green Wave to gain access to major cultural events such as music festivals and leverage its many influencer and celebrity social channels that directly reach the Company's target consumer demographic.
We are really thrilled about the collaboration with No Jumper as it demonstrates we are ready to permeate major consumer markets and are delivering premium craft product that is being sought out for its quality and value, which is currently lacking in the legal market in California.-Michael Jennings, CEO.
"Recently we did a test pop-up shop and meet and greet with Adam 22 in Chicago and to our surprise over 1000 people attended, some even slept in line overnight to be first inside. That is when we knew this brand has a real reach and a powerful voice of influence." – Ryan Lange, CMO
In addition, the Company would like to announce that it has completed a Non-Brokered financing of 2,000,000 units (the "Units") at a price of $0.25 per Unit for gross proceeds of $500,000 (the "Financing"). Each unit will be comprised of one common share of Next Green Wave (a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder there of to acquire one Share at a price of $0.35 for a period of 24 month, subject to an acceleration provision whereby in the event that at any time after the expiry of the statutory hold period, the Shares trade at $0.50 or higher on the Canadian Securities Exchange for a period of 10 consecutive days, the Company shall have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise the acceleration right.
There were no finders' fees incurred in connection with the Financing.
The Company intends to use the proceeds from the Financing to accelerate inventory purchase requirements and marketing initiatives for our SDC products, brands, and operations.
Adam John Grandmaison, better known as adam22, is an American podcast host, internet personality, and record executive. He is best known for being the creator and host of pop culture and hip hop-oriented podcast No Jumper. No Jumper has grown into a Mega Brand that started in a small BMX stop on Melrose Ave next to the famed BAIT store. That is where they started interviewing professional athletes and music celebrities for their podcast that quickly grew to over a million followers on Instagram. The team is well known for breaking new Hip Hop acts and introducing major artists on their channel.
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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, a Colombian cannabis operator with over 8,000 access points of sale.
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