2019-06-19 16:37 ET - News Release

Mr. Leigh Hughes reports

NEXT GREEN WAVE ANNOUNCES CAD $3 MILLION COMMON SHARE OFFERING BY PRIVATE PLACEMENT

Next Green Wave Holdings Inc. has arranged a non-brokered private placement of up to 9,090,909 common shares at a price of 33 cents for gross proceeds of up to $3-million. The company has reserved an overallotment of 10 per cent of the offering.

The company has received a lead order of $1.5-million from a publicly listed cannabis investment company, and expects to complete the offering imminently.

Proceeds of the offering will be used for the acceleration and rollout of Next Green Wave's brands and products throughout California, including making certain payments for the SDC Ventures LLC acquisition. The products will be developed in partnership with: Carey Hart, Sketchy Tank, Junkyard LA, Toy Machine Skateboard, WEARESDC, OSS, and recently launched King Louie and Loki the Wolfdog CBD (cannabidiol) pet products.

The company may pay finders' fees as permitted by applicable securities laws and Canadian Securities Exchange policy. Any securities issued under the offering will have a hold period of four months and a day from issuance.

About Next Green Wave Holdings Inc.

Next Green Wave is a vertically integrated seed-to-consumer premium medicinal and recreational cannabis company operating in California. The company's first state-of-the-art indoor facility (35,000 square feet) is now entering production with future plans to expand the 15 acres of cannabis-zoned land it is situated on. Next Green Wave has acquired a seed library of over 120 strains, which include several award-winning genetics and cultivars.

We seek Safe Harbor.