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Be the first with the news that moves the market- Next Green Wave (NGW) has repaid the last of its outstanding debt
- Its only remaining liabilities are trade payables, outstanding tax payments and accrued liabilities
- As of September 30, 2021, the liabilities total less than US$1M
- Next Green has been operating with positive cash flow for 19 consecutive months
- Next Green Wave Holdings Inc. (NGW) is up 2.33 per cent, trading at C$0.44 at 2:26 pm ET
Next Green Wave Holdings Inc. (NGW) a premium seed-to-shelf craft cannabis producer has repaid the last of its outstanding debt.
The only remaining liabilities on its balance sheet are trade payables, outstanding tax payments and accrued liabilities. As of September 30, 2021, the liabilities total less than US$1M and Next Green’s current cash balance, plus accounts receivable, exceed $6M.
Next Green has now been operating with positive cash flow for 19 consecutive months and will be pre-releasing its Q3 2021 results on October 13, 2021.
Next Green Wave is an integrated premium seed-to-shelf craft cannabis producer offering products through its in-house brand portfolio.
It owns and operates a 35,000 sq. ft. indoor facility in Coalinga, CA, which is home to its nursery, cultivation, distribution, and future packaging business.
Next Green Wave Holdings Inc. (NGW) is up 2.33 per cent, trading at C$0.44 at 2:26 pm ET.
