Next Green Wave Holdings Inc. NXGWF

RE:RE:NGW Closes $2.75 Million Private Placement with CGOC

[Adanac]

This deal will make raising funds easier going forward as CGOC is not tied in more than ever. Cash is king right now for NGW so this is a strong strategic move. As well, an exerpted consistent with my views from the announcement is as follows:


Jamie Blundell, President and Chief Operating Officer of CGOC commented, "We have been strategic investors in Next Green Wave since June 2018 when they were still a private company and have continued to support their efforts through their go-public transaction in October 2018. They anticipate near-term revenue generation and at the low-end of their annual revenue expectations we believe their current valuation is extremely low especially compared to similar companies. We remain confident in their strategy as we see tremendous growth ahead and believe this is a perfect entry point for investors."