Proactive Investors - Run By Investors For Investors

Next Green Wave powers California cannabis facility in major step towards production

The cannabis company announced Pacific Gas & Electric has completed all electrical work and connected to the transformer at its 35,000-square foot facility
cannabis greenhouse
The completion of work means enables the 35,000-square foot indoor facility has immediate electricity access

Next Green Wave Holdings Inc (CSE:NGW) (OTCMKTS:NXGWF) announced it had achieved a major milestone at its California cannabis facility with the completion of electrical installation and connection to the power grid.

The completion of work means enables the 35,000-square foot indoor facility has immediate electricity access, as well as seven lots extending over 15 acres owned by the cannabis producer.

It will also allow the Vancouver-based company to expand its future cultivation footprint and increase property value, the company said in a statement.

READ: Next Green Wave rises as Instagram star Loki the Wolfdog tapped for CBD pet product

"We are now in the very final stage of being approved to begin cannabis production," Leigh Hughes, CEO of Next Green Wave said in a statement. "The construction of our facility has been underway for nearly one year and it is extremely rewarding to see this facility operational and ready to bring premium cannabis products into the California market in 2019.”

Final inspection to test the integrity of the electrical system of the building will take place during the second week of April. Upon receiving final approval from the local authorities, Next Green Wave will be positioned to begin operations under a state cultivation license.

Shares of Next Green Waveheld steady on Monday at C$0.60 in Canada and gained over 1% to US$0.45 in the US.

--Updates with share price--

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

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

Next Green Wave Timeline

Related Articles

cannabis facility
January 23 2019
The company is breaking into the large and lucrative market in the golden state
cannabis tablet
February 28 2019
The company fills a niche in the medicinal cannabis market, as it continues to push forward its suite of precision oral dose products
A cannabis facility
January 10 2019
The Vancouver-based medicinal cannabis grower’s Queensland facility will be the world's largest greenhouse cannabis operation, covering a 99-acre site
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