February has only been around for a little over a week at this point, but we have already seen a large number of volatile swings throughout the cannabis market. Much of this, however, can be attributed to the very bullish month we saw in January correcting slightly, but are valuations on their way back up?
Well, for starters no news is good news and the cannabis industry is a big propagator of this. No big legislative changes have come into the market in the past few weeks, but companies have still shown very large projections for the future. These projections are the main guiding factor, but all that has to occur in order for them to become a reality is the market becoming more stable. This is without a doubt easier said than done, but some companies have already shown some stability in their business models aimed at the future of growth in cannabis.
Next Green Wave (NXGWF) (NGW) is one of the leading vertically integrated producers of cannabis currently working in the U.S. Interestingly enough, Next Green Wave may have their operations based out of Coalinga, CA which is centrally located in the state, but they also have their headquarters in Canada. This means that the company has quite a large amount of exposure to two of the largest cannabis markets in the world.
Since the end of December, Next Green Wave has been able to shoot up in price by as much as 95%, showing just how large their bullish run can be when working at full potential. One of the bigger pieces of news for the company is the fact that recently stated that they have gained all the necessary state and local licenses for their newest production facility.
As mentioned previously, the location of Coalinga is centered between San Francisco and Los Angeles which is in no way a coincidence. Having these new licenses will allow Next Green Wave to continue on their journey to producing cannabis and controlling the process completely from Seed-to-sale.
To Read The Rest Of This Article By J. Phillip on Marijuana Stocks
Published: February 12, 2019
Founder & Interim Editor of L.A. Cannabis News