Cannabis Growth Opportunity Corp
has raised funds of $1.5 million through a
private placement of its 726,744 common shares in Next Green Wave Holdings Inc (OTCMKTS:NXGWF). The issue price is
fixed at $1.72. The company will also invest $2.75 million to acquire 11 million
shares of Next Green Wave at $0.25 per each share. Cannabis Growth increases
its stake in Next Green Wave to 12.11 million shares with this investment. Next
Green Wave and Cannabis Growth have also entered a resale and voting agreements
that extend resale restrictions to next year.

Transition from private to a public company

COO and President
of Cannabis Growth, Jamie Blundell said the company had been a strategic
investor in the private firm: Next Green Wave since last June. Cannabis Growth
has supported Next Green Wave to go public in October 2018. The company expects
revenue regeneration from Next Green Wave in the near term. It is the perfect
time for the investors to enter the Next Green Wave, and the company is
confident of tremendous growth.

Chairman and Chief Executive Officer of Next Green Wave, Leigh Hughes said the
company has received continuous support from Cannabis Growth in its efforts to go
public from a private company.

NAV of Cannabis Growth

The net asset value (NAV) of Cannabis Growth is
$3.41 at the closing day of May 15, 2019. It is an increase of 47% since the
IPO on January 26, 2018. The company holds 99% of the investments in companies
conducting business in Israel, Jamaica, Europe, and Canada. Its top ten
investments as on May 15, 2019, include Planet 13 Holdings Inc, Heritage
Cannabis, GR Companies Inc, C21 Investments Corp, Vireo Health Inc, Indus
Holding Company, ICC International Cannabis Corporation, VIVO Cannabis, and Valens
Groworks Corp.

Cannabis Growth has invested $350,000 in Tokr
LLC in January 2019. Tokr is engaged in the development of application software,
which facilitates the connectivity between lifestyle brands and new cannabis
users and modernizes the cannabis industry. It is part of the Cannabis Growth’s
commitment to improving the value for shareholders in the long term by
investing in the cannabis value chain.