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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
Tel: N/A
Website: 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 nine months ended 30 September 2020, NextGreen Wave Holdings Inc revenues increased from $142K to$7.9M. Net income totaled $2.8M vs. loss of $5M. Revenuesreflect an increase in demand for the Company's productsand services due to favorable market conditions. Net Incomereflects Unrealized (gain) loss on investments increasefrom $346K (expense) to $955K (income), Investor relationsand communications decrease of 89% to $127K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $178.97M as of Sep 30, 2020
Annual revenue (TTM): $10.18M as of Sep 30, 2020
EBITDA (TTM): -$0.82M as of Sep 30, 2020
Net annual income (TTM): -$10.58M as of Sep 30, 2020
Free cash flow (TTM): -$0.51M as of Sep 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 180,194,283 as of Feb 5, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization