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Next Green Wave: A Hidden Gem in the Cannabis Industry

Ryan Allway

January 28th, 2021

App, Exclusive, News, Top Story

 

The cannabis industry is projected to hit $30 billion in sales by 2023, according to Marijuana Business Daily, with California representing about 34% of U.S. sales. While there are many publicly traded companies in the space, there are only a handful that are growing and profitable with a truly experienced team both in the C-suite and on the ground.

Let’s take a look at why Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) represents an underappreciated opportunity in the space.

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Experience + Technology = High Quality ‘Craft’ Cannabis

Next Green Wave’s team has dedicated their lives to the cannabis plant and understand the meticulous care put in every single day is the difference between good and great. Unlike many of its competitors, the team hand trims and selects only the best buds to meet the demands of even the most experienced cannabis connoisseurs.

The team operates in a 100% owned and operated 35,000 sq. ft. multi-functional facility with 14 cultivation rooms, two nursery rooms, and a research and development lab. Located in California’s “Green Zone”, the facility is equipped with state-of-the-art water treatment, climate control, nutrient systems, and biosecurity technologies.

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In addition to its cultivation technology, the company’s experienced research and development team has built an exclusive genetic library of over 100 different strains. Many of these proprietary strains test over 30% THC with some as high as 40% total cannabinoids, which helps set its products apart from others on dispensary shelves.

The company has built a leading full-spectrum product line from these high-quality ingredients, including full-spectrum vapes, gummies and concentrates. With simple packaging that features QR-code based test results, the company aims to provide trustworthy products at the best possible price to consumers—and the best possible margin for shareholders.

Compelling Financial Results

Next Green Wave is one of a select few publicly traded cannabis companies that are profitable with a strong balance sheet. While many companies—particularly in Canada—accumulated high levels of debt building out a cultivation footprint, NGW has been very successful in containing its costs and building upon a strong foundation.

The company reported third quarter revenue of $3,582,416, operating income of $764,884 and net income of $402,007. On its balance sheet, the company posted $15,131,663 in shareholders’ equity with $2,266,690 in cash on hand and just $463,556 in current liabilities. These figures put the company in a strong financial position relative to its peers.

The company’s products are sold in prominent dispensaries throughout California, including San Diego, Los Angeles and Oakland, via wholesale partnerships with long-term purchase agreements, which help ensure revenue stability over time. Meanwhile, management is actively expanding efforts to move into higher margin segments of the market. 

For example, the company is nearing the completion of its extraction lab that will capture remaining revenue from trim or excess plant material and convert it into high-value extracted products, including hash rosin and full-spectrum oils. The company also plans on providing toll extraction services that could help incrementally grow revenue over time.

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Looking Ahead

Next Green Wave Holdings Inc. (CSE: NGW) (OTCQX: NXGWF) is an underappreciated opportunity in the cannabis industry. With growing revenue and profitability, the company has built a reputable brand and is just starting to reach full capacity. The company also has plans to expand into extraction and other areas to continue growing its revenue and margins.

For example, the company recently signed a two-year supply and production agreement with COOKIES, one of the most well-respected, top-selling and premiere cannabis brands in California and throughout the world. In addition to its 26 existing retail stores worldwide, the company plans to double its footprint in 2021, providing massive exposure for NGW products.

The company also recently made the OTCQX® Best 50, a ranking of top-performing companies across all industries trading on the OTCQX Best Market in 2020, at number 41 and one of just five cannabis companies that made the list.

For more information, visit the company’s website or download their investor presentation.

Disclaimer

The above article is sponsored content. CannabisFN.com and CFN Media, have been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: https://cannabisfn.com/legal-disclaimer/

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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