Next Gen Metals Lists on Canadian Securities Exchange and Diversifies into the Legal Marijuana and Industrial Hemp Industries – Video News Alert on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2014) - Next Gen Metals (CSE: N) is one of the latest new listings on the Canadian Securities Exchange, formerly known as the Canadian National Stock Exchange. Concurrent with its new CSE listing, the company has voluntarily de-listed from the TSX Venture Exchange and consolidated its shares on the basis of one new share for each one and a half old shares, leaving the company with approximately 17.4 million shares
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Next Gen Metals has a history as a mineral exploration company in North America, with a property portfolio that includes the Silver Chalice gold/silver project in Alaska. With this new listing, the company will be diversifying into the legal marijuana and industrial hemp industries.
In the United States, Medical Marijuana is legal in 20 states. Furthermore, Colorado and Washington State have legalized recreational use with additional states contemplating legalization.
The ArcView Investors Network have issued an analysis of the American marijuana marketplace and forecast a 64% surge in the legal U.S. cannabis market to $2.34 billion. They also estimate that the 5-year national market could grow to $10.2 billion amid rising demand and potentially new state markets.
Next Gen plans to consolidate certain sectors of this fragmented industry and plans to provide financing for Medical Marijuana and Industrial Hemp related companies in exchange for an interest in the companies and/or a royalty on sales. The company is currently researching investment opportunities in the following industries: health, agri-business, food, legal grow-ops, technology, client generation, education, public awareness, specialty medical devices and other related opportunities.
Harry Barr, President and CEO of Next Gen, stated, "Next Gen's vision is to be a leading provider of venture capital, management expertise, education and a facilitator for this explosive new industry."
Next Gen's management believes it can bring several competitive advantages to this emerging industry. They have a combined 150 years of experience managing public and private companies, negotiating complex agreements, and raising venture capital, having raised more than $250 million in equity for various projects.
Harry Barr further stated, "A growing proportion of the medical community believe that Medical Marijuana and, more specifically cannabinoids, have the potential to help patients who are suffering from a variety of ailments and illnesses. In addition, Industrial Hemp is an emerging industry in Canada and hemp is one of the strongest natural fibers known to man. Hemp has a wide range of applications including medicine. Both sectors show the potential for exponential growth."
Next Gen is a member of the International Metals Group (www.internationalmetalsgroup.com) of companies, which includes Pacific North West Capital (TSXV:PFN), and El Nino Ventures (TSXV:ELN).
For more information please visit the company`s website www.nextgenmetalsinc.com, call 1-800-667-1870 or email info@nextgenmetalsinc.com.
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