Next Green Wave Fully Prepared For Exponential Growth In California Cannabis Market

Next Green Wave Holdings (CA: NGW – $0.60 & US: NXGWF – $0.45) is a fully integrated, seed-to-consumer, cannabis company that is licensed for medical and recreational cannabis operations in Coalinga, California. The Company has acquired four medical and recreational Conditional Use Permits (CUP’s) for cultivation, nursery, volatile and non-volatile extraction and distribution.

It is well positioned to capitalize on a massive opportunity after completing a $21 million raise. These proceeds allow the Company to acquire and complete three facilities, finalize the supply chain from seed-to-consumer, and execute its vision to be the world-class nursery and the number one consumer products goods cannabis company in California.

The Company has several catalysts for growth and is focused on quickly increasing market share in California. In addition, Next Green Wave is led by a management team with a proven track record of success that is able to execute and create value for shareholders.

Although many investors are closely monitoring the Canadian cannabis industry, we believe that the United States market is flying under the radar. Therefore, companies that focus on the U.S. cannabis market are undervalued compared with their Canadian peers. This creates a great opportunity for investors as the United States cannabis industry is in the early innings of a major growth cycle and markets like California represent massive opportunities.

Following a successful public listing, Next Green Wave offers an attractive value proposition for the following reasons:
• The Company is fully licensed to conduct business in California which is the largest cannabis market in the world;
• The Company is in the middle of a major expansion that will significantly increase production capacity;
• The Company entered into a partnership with leading biotech company Intrexon (NASDAQ: XON) to develop plantlets and a world-class nursery through tissue culturing; and
• The Company has acquired an award winning, premium world-class seed bank of cultivars, with international recognition.

We initiate coverage of Next Green Wave Holdings with a buy recommendation and a price target of $1.61, which is 168% above today’s stock price.

Smallcaps Recommendation: Buy	Price Target: $1.78	Latest Company Report (pdf)
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