In afternoon trading, Next Green Wave were up 2.1% at C$0.245 in Toronto, and ahead 2.2% at US$0.19 in New York.
In a statement on Thursday, the Vancouver-based company said that all 14 flower rooms at the company’s California facility are stocked with plants, and six of them are in the flowering stage.
The cannabis company told investors that it expects to become fully operational this month.
Multiple rooms will be ready for harvest in 2019, Next Green Wave said in a statement. The next yield is expected shortly and will be ready for sale and distribution through the company’s SDC Branding House and partner brands including Loki the Wolf Dog, Carey Hart, King Louis and Sketchy Tank.
The company also announced that founder Mike Jennings has been appointed interim CEO along with his current role as COO.
Jennings said that the successful harvest was a “turning point” for the cannabis company.
“The NGW team has worked steadfast to get the facility built, operating and into revenue, and bring our premium products and brands to market as quickly as possible, kickstarting the beginning of our evolution,” Jennings said in the statement.
“We are appreciative of our supportive stakeholders and we look forward to a strong future - one in which we are confident will be rewarding."
The company also appointed Matt Jewell as its CFO and SDC’s cofounder Ryan Lange to the CMO role. In addition, Paul Chow, Glen Harder and Mike Jennings have been appointed to the company's audit committee, while Monita Farris has been appointed as corporate secretary.
-- Updates share price --
Contact Angela at [email protected]
Follow her on Twitter @AHarmantas