Next Green Wave Holdings Inc. NXGWF

Next Green Wave Holdings Inc through its wholly-owned subsidiaries, is a cannabis cultivator and producer. The firm is licensed for medical and recreational marijuana cultivation and production in the State of California. The company's facilities are used for cannabis cultivation as well as the processing, production, and packaging of dry flowers, cannabis oils, and concentrate. Its brand portfolio includes Junkyard, Sketchy Tank, King Louie, and others. Geographically, the company generates its revenue from the United States.

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Next Green Wave Holdings Inc. > Explanation for sell -off

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Comment by PeterMacd2on Jun 25, 2019 5:58pm

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RE:Explanation for sell -off

I don't think it's just dilution, if there were buyers out there for NGW I doubt we'd be down this much. There's no buying interest because NGW has not yet proven that they can deliver the promised production. Yes yes, I know all about the promises and potential. But the fact is NGW's trading volume in the last month, relative to the industry average has been absymal. According to an Oxford Club analyst, NGW number of shares trading is down over 50% compard to its 100 day moving average. By comparison the industry as a whole is down only about 15%. Share prices don't stay the same or go up if trading volume is very weak like it is for NGW (and many others). Weak volume equals falling prices.

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