News Update

September 12 | Chairman update

By September 12, 2018 One Comment

On behalf of the entire Next Green Wave (“NGW”) team, I would like to take this opportunity to thank you for subscribing to receive updates from our Company. We have advanced NGW to its exciting current state and we look forward to keeping you updated as we continue to establish a platform for unparalleled future growth.

Since the beginning of 2018, our Company has made considerable progress and I am extremely proud of what our team has accomplished. With your support, NGW now finds itself at the doorstep of an emerging, fast growing industry in the world’s largest cannabis market.

On the 9th of July, 2018, we submitted our prospectus to publicly list NGW on the Canadian Securities Exchange (“CSE”). We anticipate that NGW will being trading on the CSE in the fall of 2018, subject to final regulatory approval. You can access our prospectus at www.sedar.com under the parent company name Crossgate Capital Corporation (“Crossgate”). Immediately following our public listing on the CSE, we intend to take steps to become publicly listed for trading on the US OTC market.

Our story of growth and innovation is best shown through our most recent infographic.

Please click on the link below to see a timeline of our progress with key milestones achieved thus far.

Land Acquisition

Since January 2018, NGW has grown from a conceptual idea into a fully vertically integrated seed-to-sale, licensed medicinal and recreational cannabis company in the largest cannabis market in the world, California. We have increased our land position to over 15 acres of approved, cannabis-zoned development land within the municipality of Coalinga, CA, located between Los Angeles and San Francisco. We have also purchased a 3,240 square foot facility to house the production and manufacturing of cannabis oils, distillates, and manufactured products. This facility will also serve as the headquarters of our R&D lab that will focus on developing new genetics and hybrid seeds and plants.

Follow our progress on Instagram by adding @NextGreenWave

Acquired Conditional Use Permits (“CUP’s”)

1. Nursery
2. Cultivation
3. Volatile and Non-volatile extraction and infusion
4. Distribution

NGW holds the licenses necessary to be a fully vertically integrated seed-sale provider to the California cannabis market. We will independently access the market with in-house production and distribution, whether it is business-to-business or business-to-consumer. Our world-class genetic library from Loud Seeds coupled with over 30 years of experience in the California market positions NGW as one of the very few with first mover market advantage.

Capital Raised – Over C$21 Million

Since the beginning of 2018, NGW has raised more than CAD $21M. Funds have been raised from Australia, Canada, United States and Europe from a broad spectrum of investors including institutional investors, cannabis investment vehicles as well as retail investors. We are proud to announce that among our investor base is a strategic investment by Cannabis Growth Opportunity Corp (CGOC:CSE), a one-of-a-kind actively managed cannabis  investment vehicle with a focus on private businesses they believe are on track to be market leaders.

Construction Progress – Facility A

Phase 1 Construction: 35,000 sqft Indoor Facility – 50% Complete

Construction of Facility A commenced in April 2018 and is 50% complete. This location will be a state-of-the-art facility housing all phases of our integrated licensing matrix: nursery, cultivation, extraction and distribution. We expect completion of the facility in early-Q4 2018 and revenue to follow in late-Q4 2018/early-Q1 of 2019. I invite you to follow the progress of construction by following @NextGreenWave on Instagram.

Founder, CEO – Mike Jennings

Mike Jennings has built the brand “Loud Seeds” and has become one of the industry’s premiere growers of cannabis seeds and hybrids. He has won six High Times Cannabis Cup awards since 2012 and was inducted into the High Times Seed Bank Hall of Fame. Mike has produced some of the highest quality cannabis products creating a reputation in North America and extending internationally amongst his peers and connoisseurs. Mike’s industry knowledge and expertise will provide outstanding quality of products and brands produced by NGW and he will lead the transition of our Company from concept to market leader.

We appreciate your support as we embark on our journey to become a market leader in California in the Cannabis sector. Should you have any further questions, please email [email protected]

Sincerely,
Leigh Hughes
Executive Chairman
Next Green Wave

www.NextGreenWave.com 

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