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Next Green Wave Holdings Inc (OTCMKTS: NXGWF) Eliminates All Debt and Holding Liabilities of Less than $1 Million



Next Green Wave Holdings Inc (OTCMKTS: NXGWF) is pleased to announce that they have cleared all their debts using its cash on hand. The liabilities remaining in their balance sheet are trade payables, outstanding tax payments, and accrued liabilities. As of September 30 total liabilities of the company is US 1 million dollars. Moreover, the company has been operating with positive cash flow for 19 consecutive months, and NGW will be releasing its 2021 revenue results on October 13.

Next Green Wave Appoints Curtis Floyd to its Board of Directors

With the clearing of this debt next green wave also appoints Mr. Floyd to the NGW board. Mr. Floyd joins the next green wave with previous outstanding records. He is a practicing attorney and has an economics degree from UCLA, Law degree from Stanford University.

A member of boards in the mission bank, publicly traded community bank, headquarters in California. He is also the founder of the mission bank and chair of the audit and corporate governance committees, which is impeccable. Since then, mission bank has grown from a single branch to several branches in California.

He is also a chairman of the board of directors of kern’s community action partnership, a community service organization.

During his legal career, he counseled numerous business owners on business formation, compliance, expansion, and ligitation. He has invested in vast or diverse businesses, including public and private business ventures like restaurants, farming, real estate development, etc.

As mentioned above, he had invested in many public and private cannabis, and he currently owns over 5% of the outstanding shares of the next green wave. Thus, he is in alignment with the NGW shareholders.

The company has granted 850,000 stock options to Mr. Floyd with an expiry date of about five years and will vest 25% every month for two years.

Management Statement

“Mr. floyd’s experience in governance, banking, risk management and california cannabis makes him perfect addition to the next green way board to help guide the company to the next level.” said Michael Jennings, CEO of next green wave

Next green wave has cleared their debts and will be sharing their revenue report soon in October. Next green wave has also appointed a new member to the board of NGW, Mr. Floyd, who is highly talented and has experience in several different fields.

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