Next Generation Management Corp (OTCMKTS:NGMC) Updates On Its Oregon Medical Marijuana Business

Next Generation Management Corp (OTCMKTS:NGMC) wholly owned subsidiary arm, NextGen Holdings, LLC, announced considerable progress in three main areas of concentration its medical pot segment in Oregon.

Learn what the indicators are telling the analyst about NGMC.

The details

Next Generation recently announced that it partnered with Merry Jan’s Edibles, LLC, to promote marijuana-infused edibles. The two sales personnel have been hired for Oregon. Also, interviews are going on to finalize two more for the State of Washington. Darryl Reed, the CEO of Next Generation, said that the company has introduced three cookies flavors to commence with, Old Fashioned Molasses, Chocolate Raspberry Almond Bar, and Triple Chocolate Mint Brownie. The sales have already crossed over 1,500 units. The growth has been impressive in January.

The other news

Next Generation Management Corp (OTCMKTS:NGMC) will soon unveil a new website. It is into the research process to find out if orders can be given on-line. It also announced about getting a medical marijuana growing facility in Oregon. The first crop of premium quality medical pot is expected to be made available in July 2015. Next Generation also confirmed retention of the Oregon Resource Group. It is an experienced group with expertise in cannabis real estate segment. It will drive company’s efforts to get a dispensary location in Oregon. Reed said that the company is pleased with its achievements in the marijuana field in Oregon and will keep updating investors on plans.

Marijuana facility

Next Generation secured a much desired medical marijuana facility in Oregon in January. The identification of marijuana cultivation facilities and then securing them is very competitive because of the existing moratoriums in several counties throughout Oregon. The facility in Oregon that spreads over 3, 200 square will provide the company with strong start in preparing for the recreational marijuana licence process to begin in January 2016. The initial focus will be on medical marijuana cultivation for patients who own a valid OMMP card.

Culver Stinson

Culver Stinson

Stinson is US Markets Daily’s Senior Producer for News & Public Affairs.