Short Term Pain for Long Term Gain? "Due to the necessary adjustments made to our branded product menu, we have seen a strong rebound to both the top and bottom line in Q3 2021. By increasing per plant yields, reducing turnaround time between cycles, improving operational efficiencies and continually adding better performing genetics through our pheno hunts we have made up significant ground replacing any lost derivative revenue in less than one fiscal quarter.
"As such, we are very excited about the testing results coming out of our Facility right now, and when combined with the increasing quarter over quarter yield, I am very excited about the revenue and brand growth potential this brings to Next Green Wave in the short and long term. We currently have six unique strains testing consistently above 30% THC and we anticipate our entire menu consisting of strains above 30% THC in early 2022.
"Additionally, we are actively pursuing the acquisition of retail locations in key markets throughout the state to fulfill NGW's mission of becoming a top 5 integrated premium producer, brand and retailer in the California market. This is just the beginning!"