Next Green Wave Holdings Inc. (OTCMKTS: NXGWF) Releases Q2 2021 Results and Offers Updates On Facility Construction

Tshepong Victim Empowerment Centre celebrates ORANGE DAY

Tshepong Victim Empowerment Centre commemorates ORANGE DAY every month on the 25th of each month.. As the bright and optimistic colour for the UNITE Campaign, ORANGE represents a future free from violence against women and Girls.

Four in court for alleged Public Works tender collusion

The Special Investigating Unit (SIU) says the arrest of four people linked to alleged tender fraud in the Department of Public Works and Infrastructure is a continuation of the corruption busting unit’s efforts to recover money stolen from the public purse.The Special Investigating Unit (SIU) says the arrest of four people linked to alleged tender fraud in the Department of Public Works and Infrastructure is a continuation of the corruption busting unit’s efforts to recover money stolen from the public purse.

Two suspected cable thieves arrested while on their way to Zimbabwe

Jo'burg Metro Police Department JMPD and SAPS officers in the JHB and CBD have arrested two suspects who were in possession of stolen cables in Johannesburg Central Business District.

Several dignitaries wish people Happy Africa Day 2022

The African Union Commission celebrates "Africa Day" on May 25 each year to acknowledge its successes and to promote the progress that Africa has made under a specific theme while reflecting upon the common challenges that the Continent faces in a global environment. 

Next Green Wave Holdings Inc. (OTCMKTS: NXGWF) announced its Q2 financial results and offered corporate updates.

Next Green Wave offers updates on Facility B construction

The company confirmed that it had received a building permit from the City of Coalinga. Additionally, the company announced that it had finalized Civil Work for the 62,000 sq. ft. indoor premium cannabis cultivation facility, and a certificate of Occupancy is expected in Q4 2022. Although construction of the project has been going well, the process could face a 3-6 months delay because of supply chain disruptions, especially for steel, which has impacted pricing and availability of critical construction materials.

Also, the company has confirmed that it will hold a shareholder call on September 2, 2021, at 3:30 PM PST. Next Green Wave will hold its annual general meeting on November 5, 2021. The company will publish an information circular to its shareholders in October 2021 and expects to file a definitive proxy statement, including a meeting proposal for the AGM on SEDAR in October.

Next Green Wave expects a new revenue type in Q3

In Q2, the company announced revenue of $3.572 million and adjusted EBITDA of $924,000. For the third quarter, the company expected revenue of $4.534 million and adjusted EBITDA of $1.67 million. The Q3 revenue will include a new revenue type called “Distro Revenue” that involves the purchase and sale of third-party flower. Q2 revenue dropped because of market shifts in derivatives at wholesale and retail levels. In addition, the company adjusted the bra product mix.

CEO Michael Jennings said, “Due to the necessary adjustments made to our branded product menu, we have seen a strong rebound to both the top and bottom line in Q3 2021. By increasing per plant yields, reducing turnaround time between cycles, improving operational efficiencies and continually adding better performing genetics through our pheno hunts we have made up significant ground replacing any lost derivative revenue in less than one fiscal quarter.”

Tshepong Victim Empowerment Centre celebrates ORANGE DAY

Tshepong Victim Empowerment Centre commemorates ORANGE DAY every month on the 25th of each month.. As the bright and optimistic colour for the UNITE Campaign, ORANGE represents a future free from violence against women and Girls.

Four in court for alleged Public Works tender collusion

The Special Investigating Unit (SIU) says the arrest of four people linked to alleged tender fraud in the Department of Public Works and Infrastructure is a continuation of the corruption busting unit’s efforts to recover money stolen from the public purse.The Special Investigating Unit (SIU) says the arrest of four people linked to alleged tender fraud in the Department of Public Works and Infrastructure is a continuation of the corruption busting unit’s efforts to recover money stolen from the public purse.

Two suspected cable thieves arrested while on their way to Zimbabwe

Jo'burg Metro Police Department JMPD and SAPS officers in the JHB and CBD have arrested two suspects who were in possession of stolen cables in Johannesburg Central Business District.

Several dignitaries wish people Happy Africa Day 2022

The African Union Commission celebrates "Africa Day" on May 25 each year to acknowledge its successes and to promote the progress that Africa has made under a specific theme while reflecting upon the common challenges that the Continent faces in a global environment. 

Pastor Luthando Matodlana found guilty of raping 22-Year-Old man

One South African pastor, Luthando Matodlana of God, is Love Ministry in Motherwell, Gqeberha, South Africa, has been found guilty of raping a 22-year-old man.

Mec Lekwene inspects Robert Mangaliso Sobunke hospital – Food Service Unit

Today, the Northern Cape Health MEC, Mr Maruping Lekwene, conducted an oversight visit to Robert Mangaliso Sobukwe hospital in Kimberley.

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