Next Green Wave Holdings Inc (CSE:NGW) (OTCMKTS: NXGWF) announced Friday that it is processing its third cannabis harvest that will be sold as premium whole flower product for consumption through its partner brands at select dispensaries throughout California.
The cannabis has consistently passed strict category three testing (CAT3) and meets all premium standards for the California market, the company said in a statement.
Next Green Wave said it is continuing to build out its distribution strategy to deliver value to top tier dispensaries through its growing brands and products.
Similar to a pharmaceutical distribution model, this will allow the company to bypass third-party distributors, improve operational efficiency and deliver direct to the retailer.
Next Green Wave also said that Columbia Care dispensaries have now been added to its growing network.
"In less than 6 months since opening our flagship facility, we have completed three harvests of premium quality, high THC cannabis, as well as fully scaled the entire space,” said CEO Mike Jennings.
“As such, the facility is now in a perpetual harvest cycle in which roughly 14% of the flowering space is being processed every 10-14 days. At the same time, we are fortunate to have recently sourced and hired key additional talent to support and facilitate our expanding operations. We are now cultivating at full capacity and our employees will continue to play a significant role as we expand our market share by supplying the highest quality cannabis products to market in a timely fashion.”
The company owns and operates a 35,000 square-foot state-of-the-art cultivation facility in Coalinga, California.
Next Green Wave, based in Vancouver, has a collection of high-profile partnerships with street artists, social media influencers and athletes to market its cannabis brands throughout the US.
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