Disclosing revenues 2 months after quarter end is a cop-outHere's how you do it.....
Next Green Wave Continues Increase in Both Profits and Revenues
Vancouver, British Columbia--(Newsfile Corp. - September 1, 2020) - Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) ("Next Green Wave", "NGW" or the "Company") is pleased to announce the following operational and financial milestones:
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In the months of July and August 2020, the Company operated with positive cash flow and achieved both positive Adjusted EBITDA** and positive Net Income (the "Milestones"). It has now achieved these Milestones for six consecutive months and it is the Company's expectation to achieve these Milestones on a go-forward basis*.
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In July 2020, the Company set a new internal monthly sales record of approx US$1.2 Million. In August 2020, sales totaled approx US$1.1 Million. The minor decrease in month to month sales is mainly due to third party packaging delays and the Company expects to return to July levels in September and Q4 2020. The total cash costs incurred to generate the July and August revenue was approx US$600k per month.