Proactive Investors - Run By Investors For Investors

Next Green Wave announces management changes and completion of construction at California cannabis facility

Executive Chairman Leigh Hughes will take on the additional role of CEO and replace Michael Jennings, who takes on the role of chief operations officer and head of research and innovation
Coalinga cannabis production facility
Next Green Wave has completed construction on its first indoor cannabis production facility in Coalinga, California

Next Green Wave Holdings Inc (CSE:NGW) (OTCQB:NXGWF) announced Monday that its executive chairman, Leigh Hughes, will take on the additional role of CEO as part of management changes announced at the California-focused cannabis company.

Hughes replaces Michael Jennings, who will take on the role of chief operations officer and head of research and innovation.

READ: Next Green Wave shares soar as it obtains all licenses for current cannabis facility in California

"This is a major advancement having Michael become the head of operations and lead our new research and innovation division in developing new cultivars to add to our genetic archive. I'm looking forward to taking ownership of this additional role and will focus my efforts on our growth strategy and mergers and acquisition opportunities," said Hughes in a statement.

Investors applauded the move, sending Next Green Wave shares up by 9.6% to C$0.57 in Monday’s morning trading session on the OTC Markets.

News of the management switch came as Next Green Wave announced that it a step closer to production thanks to the completion of all major construction on its first indoor cannabis production facility in Coalinga, California.

Pacific Gas and Electric (NYSE:PCG) has begun work to trench and install power cables from the local substation to connect to the Coalinga facility. The installation is set to be completed within a few weeks and will be subject to a final City inspection for the issuance of an occupancy permit.

Securing this permit is the final step required to allow Next Green Wave to begin production.

Contact Ellen Kelleher at [email protected]

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full NGW profile View Profile

Next Green Wave Timeline

Related Articles

cannabis extract
January 16 2019
The Kelowna, BC-based cannabis company specializes in the research, development, production, and testing of high-quality cannabis extracts and oils
A visual representation of a drug candidate working in a dog
January 28 2019
The company has reaffirmed its upcoming milestones as it confirmed December quarter achievements.
cannabis
August 28 2018
Tidal Royalty provides capital to help grow licenced US cannabis firms in exchange for receiving a percentage of future top-line revenues.
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use