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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.


OTCQX:NXGWF - Post by User

Post by ashcakeon Jun 25, 2019 1:35pm
124 Views
Post# 29861200

Explanation for sell -off

Explanation for sell -offA seemingly endless series of dilutive down rounds since SDC acquisition...
Shares were issued to the constructtion company in lieu of cash for work at higher implied value likley adding presssure as that company tries to sell and recover its costs  
Wait and see for success of first crop... est time ot harvest August / Sept
Confusion over SDC assets / revenues applyinmg to NGW. Question if this was a good purchase?
No idea if their brand ambassador approach will translate into sales and brand loyalty among consumers
Lack of promotion...I wouldn't expect we'll see any until first crop is getting processed and branded products rolled out
Insiders have sold through 3rd party derivative and no recent buying at all at these "bargain prices"

Until the new crop is ready, new promotion starts and insiders are buying again we're not moving up.

I'd try and find a production partner in California that has cash and is looking to expand and merge...move forward   
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