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

Next Green Wave Holdings Inc.

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Post by retiredcfon Aug 24, 2021 1:47pm

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Post# 33755398

Just Found This

From 29 June. GLTA

Q: After NGW’s last qtr and recent news announcement, does the company now look compelling for the space? I know it is small and doesn’t seem to get much praise or coverage but it appears to have superior per share financial performance and profitability unlike other companies in the sector.

It is small at $144M but certainly has not been ignored, with a 114% gain this year and much bigger gains over 52-weeks. 12 month sales are $19M, it is profitable and has positive cash flow. Insiders own 49% which is good but does impact trading liquidity. It has no analyst coverage which also makes it less attractive to some investors (not us). Recent news has been good and it continues work on a new facility. It is not one we know intimately but it 'reads' well and is priced well.

So said 5iResearch (who it should be noted are not big fans of the MJ sector).