Next Green Wave Announces DTC Eligibility
Vancouver, British Columbia — February 07, 2019 — Next Green Wave Holdings Inc. (CSE:NGW) (OTCQB:NXGWF) (“Next Green Wave” or the “Company“), a Canadian based California operating cannabis company established to provide premium products and brands to both medicinal and adult use consumers, confirms that its OTCQB listed common shares under the symbol NXGWF are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”) in the United States.
The DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered “DTC eligible.” This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements. Being DTC eligible is expected to greatly simplify the process of trading and transferring the Company’s common shares on the OTCQB.
As a direct result of NGW’s DTC eligibility, the Company is now accessible to all US investors and institutions and allows the Company’s trading in the capital markets to be strengthened. NGW have a significant and constantly expanding following out of the US and enhancing our exposure for further investment is exciting.
stated Leigh Hughes, CEO of Next Green Wave.
Next Green Wave is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California, one of the world’s largest cannabis markets. The Company’s central operations are in the city of Coalinga which is located between two major markets of San Francisco and Los Angeles and has been awarded licenses for nursery, cultivation, extraction, and distribution. Next Green Wave is led by an experienced management team with a focus on international brand development. The Company currently owns over 15 acres of cannabis-zoned development land and is nearing completion on its first proprietary engineered 35,000 ft² facility. To find out more visit us at www.nextgreenwave.com or follow us on Twitter at: @nextgreenwave, on Instagram, and LinkedIn.
On behalf of the Board,
CEO and Executive Chairman, Next Green Wave Holdings Inc.
For more information regarding Next Green Wave or the contents of this news release, contact:
VP Corp. Development
Tel: +1 (778) 589-2848
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Providers (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
This News Release contains forward-looking information relating to the Company’s growth and corporate strategy, and other statements that are not historical facts. Forward-looking information relates to management’s future outlook and anticipated events or results, and may include statements or information regarding general market conditions; industry conditions; government regulation; unanticipated operating events of performance; the availability of capital on acceptable terms; stock market volatility; the Company’s ability to implement its business strategy, including the development of a world class nursery and new cannabis hybrids; the Company’s ability to source new business opportunities, including its ability produce and introduce new cannabis products into the California market in 2019; and the future plans or prospects of the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward‐looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
Readers are cautioned not to place undue reliance on these forward-looking statements, which should not be construed as exhaustive and speak only as of the date of this News Release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.