Next Green Wave Acquires for $27 Million 100% of California-Based Consumer Products Goods & Extraction Leader, SD Cannabis
March 12 2019 - 3:10PM
Next Green Wave Holdings Inc. (CSE: NGW) (OTCQB:
NXGWF) (“
Next Green Wave” or the
“Company”), is pleased to announce that it,
together with its US subsidiary Crossgate Capital US Holdings Corp.
have signed a definitive agreement (the
“Agreement”) dated March 11, 2019 to acquire 100%
of California-based SDC Ventures, LLC (
“SDC”) (the
“Transaction”)
. SDC is a premium
cannabis consumer products goods, manufacturing and extraction
leader, having 8 leading cannabis brands with 45 CBD and THC
products that have a combined global social influencer reach of
over 25 million people and with 100+ million YouTube views.
SDC (WEARESDC) is a team of brand building,
cannabis consumer product goods, manufacturing and extraction
professionals, that have decades of experience in cannabis in
California. SDC has a growing network of retail and online sales
channels including 700 Zumiez stores which compliments Next Green
Wave’s current distribution opportunities.
“The SDC team shares our vision and provides
expertise that is synergistic to that of Next Green Wave – to be
the number 1 cannabis consumer products goods company in
California,” stated Leigh Hughes, CEO of Next Green Wave. “Not only
does this acquisition give us an array of premium brands associated
with key world-renowned influencers to penetrate global markets, it
also gives us increased distribution with revenues from sales,
along with direct to consumer reach, relationships and specialty
extraction methods. Having the opportunity to market through
strategic brand partners to millions of validated and loyal
followers is a big deal when marketing consumer products.”
BRANDS PARTNER LICENSES & PRODUCTS
ACQUIRED
SDC’s selection of exclusive licensing
relationships are defined by their connection to a core loyal
global audience, their reach across digital/social platforms and
their ability to partner on product development and marketing. With
the Brand Partners below, over 45 CBD and THC products have been
acquired that cater to the entire cannabis user market, including
pets, in California and other parts of the world. (Carey Hart, Loki
the Dog, King Louie, Sketchy Tank, Junkyard LA, Toy Machine
Skateboard, SD Cannabis, OSS, Thorn Str. Beer)
"We are excited to join forces with Next Green
Wave, which is arguably one of the leading cannabis innovators in
California,” said Ryan Lange, SDC co-founder. “This
transaction will allow the SDC team to capitalize on its decades of
cannabis expertise in California and to rapidly expand
our brands, distribution channels and manufacturing expertise
across the state and into international markets. Next Green Wave
brings world-class leadership and coupled with our common values as
innovators, we believe by joining forces we can accelerate our
proposition to become a serious cannabis consumer product goods
company.”
ABOUT NEXT GREEN WAVE
Next Green Wave (NGW) is a vertically integrated
seed-to-consumer premium medicinal and recreational cannabis
company operating in California - the world’s largest cannabis
market. NGW has acquired licenses for its nursery/breeding,
cultivation, extraction, and distribution operations covering both
medical and recreational cannabis production and services.
Construction of phase one of the indoor facility (35,000 ft²) has
been completed and is now moving into production of premium
cannabis products. NGW will push the innovation envelope and will
develop premium brands that can be distributed across the globe.
NGW has a library of more than 120 genetic cannabis strains which
include several cannabis cup award winning genetics. The
company has acquired over 15 acres of cannabis-zoned development
land in Coalinga, California, providing future growth. To
find out more visit us at www.nextgreenwave.com or follow us on
Twitter at @nextgreenwave, on Instagram, and LinkedIn.
ABOUT SD CANNABIS
SD Cannabis (SDC) specializes in developing
extraction and manufacturing methods that focus on maintaining the
quality and natural benefits of cannabis. Through its use of the
most sophisticated equipment available, the team takes a scientific
approach to capturing all of the active available cannabinoids in
the plant and then integrates those ingredients into products
without adding other artificial or dangerous fillers. In addition,
SDC’s leadership team brings decades of experience in developing,
launching and marketing brands across the landscape of culture,
art, music, action sports, and fashion with a core understanding of
how to leverage the power of today’s influencers to drive consumer
demand and product innovation. To find out more, visit us at
www.wearesdc.com and on Instagram.
For Full Release Please Download The Link:
https://cdn2.hubspot.net/hubfs/4963091/NG_NR_SDC_News_Release.pdf
On behalf of the Board, Leigh
Hughes CEO and Executive Chairman, Next Green Wave
Holdings Inc.
For more details on this release please click on the
following video
interview: https://youtu.be/MemRxjNnpEU
DISCLAIMER
For more information regarding Next
Green Wave, contact:Caroline Klukowski VP Corp.
DevelopmentTel: +1 (778) 589-2848 IR@nextgreenwave.com
An image accompanying this announcement is
available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/d54c7174-1a31-438c-a3cc-7f62891ec8a2
A video accompanying this announcement is
available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/ffd2dda0-f698-4c69-b0eb-c80cc11e8f8c
Next Green Wave (CSE:NGW)
Historical Stock Chart
From Nov 2024 to Dec 2024
Next Green Wave (CSE:NGW)
Historical Stock Chart
From Dec 2023 to Dec 2024