Next Green Wave Holdings Inc. (C:NGW)
Business Focus: Alternative Medicine
| Sector: Healthcare | Industry: Pharmaceuticals |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | Suite 300 - 1055 West Hastings Street VANCOUVER BC V6E 2E9 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Michael Jennings Interim Chief Executive Officer, Chief Operating Officer, Head of Research and Innovation, Director | Matt Jewell Chief Financial Officer | Ryan Lange Chief Marketing Officer | Monita Farris Corporate Secretary |
| Business Overview |
| Next Green Wave Holdings Inc is a Canada-based vertically integrated seed-to-consumer medicinal and recreational cannabis company. The Company's central operations are in Coalinga which is centered between San Francisco and Los Angeles, California, the United States and has permits for nursery, cultivation, extraction, and distribution. The Company produces, processes, distributes and sells cannabis and cannabinoid infused products in the State of California, the United States. Next Green Wave Holdings Inc has over 15 acres of cannabis-zoned development land. The Company's direct subsidiary is Crossgate Capital US Holdings Corp and its indirect subsidiaries are NGW Holdings, LLC and Next Green Wave, LLC |
| Financial Overview |
| For the fiscal year ended 31 December 2019, Next Green Wave Holdings Inc revenues increased from $0K to $286K. Net loss increased from $3.1M to $16.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Salaries and management fees increase from $302K to $722K (expense), General office increase from $81K to $483K (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $22.20M as of Dec 31, 2019 |
| Annual revenue (TTM): | $0.40M as of Dec 31, 2019 |
| EBITDA (TTM): | -$7.16M as of Dec 31, 2019 |
| Net annual income (TTM): | -$22.66M as of Dec 31, 2019 |
| Free cash flow (TTM): | -$11.18M as of Dec 31, 2019 |
| Net Debt Last Fiscal Year: | $3.28M as of Dec 31, 2019 |
| Shares outstanding: | 164,670,189 as of Dec 31, 2019 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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