Next Green Wave
Next Green Wave
- ISIN: CA65343L1022
- Land: .
Nachricht vom 27.06.2019 | 10:33
Next Green Wave Closes $2.75 Million Private Placement with CGOC
DGAP-News: Next Green Wave / Key word(s): Miscellaneous
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2019) - Next Green Wave Holdings Inc. (CSE: NGW) (OTCQB: NXGWF) ("Next Green Wave", "NGW" or the "Company") announces that it has closed a non-brokered $2.75 million financing (the "Financing") at a price of $0.25 per common share, and in exchange will issue a total of 11 million shares of NGW to the Cannabis Growth Opportunity Corporation ("CGOC"). In addition, the company will subscribe to a private placement to acquire $1.25 million common shares of CGOC at a price of $1.72 per share. The Financing will incur no finder's fees and replaces its most recent offering announced on June 19, 2019.
Both companies respectively, have entered into a voting and resale agreement to hold their shares until February 1, 2020, as well as vote in favour of management on any issues requiring a shareholder vote.
The proceeds will be used to advance the Company's strategic partner alliances in California and provide working capital to accelerate its operations.
Jamie Blundell, President and Chief Operating Officer of CGOC commented, "We have been strategic investors in Next Green Wave since June 2018 when they were still a private company and have continued to support their efforts through their go-public transaction in October 2018. They anticipate near-term revenue generation and at the low-end of their annual revenue expectations we believe their current valuation is extremely low especially compared to similar companies. We remain confident in their strategy as we see tremendous growth ahead and believe this is a perfect entry point for investors."
Next Green Wave CEO and Executive Director, Leigh Hughes stated: "Due to comparative weakness in the cannabis sector while markets adjust and earnings expectations naturally become heightened, we have chosen to collaborate with a strong industry partner who shares our vision and will assist us to move towards revenue at the earliest possible opportunity - our near-term focus is on production, product roll-outs and sales - we believe that the Company can achieve this milestone without further financing. "
About Next Green Wave
NGW is a California-based vertically integrated medicinal and recreational premium cannabis company. The Company's first state-of-the-art facility (35,000 ft.2) is in production, with further plans to develop the 15 acres of cannabis zoned land it is situated on. NGW has a seed library of over 120 strains which include award-winning genetics and cultivars. Recent acquisition of SDC Ventures LLC and its brand partners will provide NGW with significant exposure and distribution points throughout California. The investment in OMG3 will also provide NGW further access to distribution through Colombia. To find out more visit www.nextgreenwave.com or follow us on Twitter, Instagram, or LinkedIn.
CGOC is an investment corporation that offers unique global exposure to the emerging global cannabis sector. CGOC's main objective is to provide shareholders long-term total return through its actively managed portfolio of securities, both public and private, operating in, or that derive a portion of their revenue or earnings from products or services related to the cannabis industry.
On behalf of the board,
For more information regarding Next Green Wave, contact:
Next Green Wave Forward Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements." Forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, among others, dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing state, local or other licenses and any inability to obtain all necessary governmental approvals licenses and permits to complete construction of its proposed facilities in a timely manner; engaging in activities which currently are illegal under US federal law and the uncertainty of existing protection from U.S. federal or other prosecution; regulatory or political change such as changes in applicable laws and regulations, including U.S. state-law legalization, particularly in California, due to inconsistent public opinion, perception of the medical-use and adult-use marijuana industry, bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth; NGW's limited operating history and lack of historical profits; reliance on management; NGW's requirements for additional financing, and the effect of capital market conditions and other factors on capital availability, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers. Readers are encouraged to the review the section titled "Risk Factors" in NGW's prospectus. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although NGW has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. NGW no obligation to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45941
Click on, or paste the following link into your web browser,to view the associated documents http://www.newsfilecorp.com/release/45941
|Company:||Next Green Wave|
|EQS News ID:||832079|
|End of News||DGAP News Service|
Anleihe im Fokus
Ekosem-Agrar AG Anleihe: Jetzt noch bis zum 26. Juli 2019 zeichnen oder umtauschen!
Emissionsvolumen der 5-jährigen Anleihe bis zu 100 Mio. Euro, Zeichnungsfrist vom 28.06.- 26.07.2019 (voraussichtlich)
- WKN/ ISIN: A2YNR0 / DE000A2YNR0
- Stückelung: 1.000 Euro
- Kupon: 7,50 Prozent p.a.
- Laufzeit: 5 Jahre
- Rückzahlung: 1. August 2024 (Call Option ab 1. August 2021)
- Zinszahlung: Jährlich, jeweils am 1. August
Interview im Fokus
„Schnelleres Wachstum mit Wasserstoff“
Mit dem Einstieg in die Wasserstoff-Technologie erschließt sich SFC Energy ein besonders dynamisches Segment. „Mittelfristig ist das Marktvolumen für Wasserstoff-Brennstoffzellen noch größer als im Direkt-Methanol-Bereich. Zivile Massenanwendungen könnten sich dabei zu einem echten Wachstumsbooster entwickeln“, ist CEO Dr. Peter Podesser überzeugt. Im Financial.de-Interview spricht der SFC-Vorstandschef u. a. über die aktuelle Euphorie für Brennstoffzellen-Aktien, die geplante Kapitalmaßnahme und das mittelfristige Umsatzziel von 100 Mio. Euro.
Studie GBC Best of m:access I.2019: Weiter im Aufwind und mit starker Outperformance
Das Qualitätssegment m:access hat sich in den letzten Jahren fulminant entwickelt und ist auch 2018 weiter gewachsen. Zuletzt umfasste der m:access einen Rekordwert von 60 Unternehmen unterschiedlichster Branchen mit einer Gesamtmarktkapitalisierung von rund EUR 12 Mrd. Der von GBC berechnete m:access Index hat im Betrachtungszeitraum eine starke Outperformance gezeigt. Auch für die neue Top 15 Best-Of-Auswahl sind die Analysten wieder sehr positiv gestimmt. Die Studie steht kostenlos zum Download zur Verfügung.
Der AKTIONÄR News
23. Juli 08:41 Evotec-Aktie: War’s das schon wieder?
23. Juli 08:29 TUI: Nur die AfD meckert
23. Juli 08:28 Nordex: Aktie unter Druck – wann gelingt die Trendwende?
23. Juli 08:20 DAX: Diese Marke steht jetzt im Fokus
23. Juli 07:45 Microsoft: Eine Milliarde für den wichtigsten Kurstreiber
News im Fokus
Continental AG: Änderung der Prognose für das Geschäftsjahr 2019 und vorläufige Eckdaten für das zweite Quartal des Geschäftsjahres 2019
22. Juli 2019, 20:39
Webcast H1 2019 Earnings Call
13. August 2019
Original-Research: Adler Modemärkte AG (von Sphene Capital GmbH): Buy
23. Juli 2019