As the cannabis legalization wave continues to sweep across the nation, the use of cannabis is becoming more accepted by American society. Especially by individuals that use cannabis for medicinal purposes. The stigma associated with cannabis and its use has hindered research and development by leading physicians, prominent medical research institutions, and pharmaceutical companies. As cannabis becomes more universally accepted, and more people become open to using it for medicinal purposes, the demand for better cannabis related medicines, treatments, and therapies will increase, creating sufficient incentive for physicians, medical research institutions, and pharmaceutical companies to overlook the prevailing stigma. New Wave Holdings, Inc. (OTCMKTS: NWAV) is positioning itself ahead of this rapidly growing medicinal cannabis curve.New Wave Holdings, Inc. is a publicly traded holdings company dedicated to the development and launch of PAO Group alternative medicine clinics focused on 'non-traditional' patient care solutions. The realm of treatment solutions include cannabis, acupuncture, chiropractic, biofeedback, and other solutions depending upon patient needs. NWAV has recently merged with PAO Group, Inc., a physicians practice management company actively developing alternative medicine clinics focused on the proper use of cannabis for treatment of chronic and terminal patients.New Wave Holdings, Inc. has recently opened several clinics and are now accepting appointments. On Feb 28, 2017, PAO Group, Inc. announced that it has opened three locations in Orange Park, Jacksonville Beach and Fort Lauderdale, Florida, and plans to open the Sandusky, OH location later this month. The company also announced that their patients’ internet portal will be going live very soon. With this portal, patients will be able to schedule appointments and fill out necessary forms online.The clinics will operate under the name "Alternative Medicine Centers of America" and will provide health education, lifestyle coaching, and naturopathic medicine essentials to an individual's successful achievement of personal wellness. Patients will be provided with safe and confidential access to quality alternative healthcare, and the most professional support systems they should expect. Alternative Medicine Centers of America will provide the community and its patient with the most current, innovative and dynamic wellness information and services possible.Florida has the nation's largest percentage of people 65 and older. A demographic for whom chronic pain and catastrophic illnesses are commonplace. The Alternative Medicine Centers of America will seek to provide Florida’s massive senior citizen population access to legal cannabis as an alternative therapy to their diverse medical needs.
"Our systematic approach to growth is paying off and we're thrilled to be on schedule with our objectives for Q1," states CEO Robert Weber. "We are in discussion with key alliances currently that we believe can lead to dynamic growth in operations over the coming months. We look forward to announcing as we continue to build shareholder value for the long-term."
New Wave Holdings’ CEO Robert Weber has also been appointed CEO of a pharmaceutical company. On February 23rd, Rising India Inc. (OTCMKTS: RSII) announced that it executed a Letter of Intent with Rising BioSciences, Inc. ("RBI") for a reverse merger in which the capital stockholders of RBI will acquire control of Rising India toward immediate execution of a business model with a focus in alternative medical and cannabis pharmaceutical markets. Rising India CEO, Jim DiPrima agreed to resign as an officer with the Company making way for the appointment of Robert Weber, who also serves as CEO for New Wave Holdings.
Robert Weber agrees, "I feel we have some very favorable circumstances here," states Weber. "There are a number of opportunities in development and marketing of cannabis pharmaceuticals that are synergistic with our endeavors at PAO Group and beyond. Rising Biosciences plans to capitalize on these opportunities toward an assertive growth plan for shareholders alongside a highly expansive business model."
NWAV stock has been on a upward trend since the beginning of 2017. It made a strong upward spike topping out on February 22, 2017 at $.0295 before retracing to $.0062 on strong volume. It is now trading at $.0129. Fourth quarter financials for 2016 are yet to be reported. Current market capitalization stands at $7.81 million, on 605.18 million shares outstanding as of March 27, 2017. With the opening of the new Alternative Medicine Centers, look for a big jump in NWAV's revenues next quarter. We will be updating our subscribers as soon as we know more. For the latest updates on NWAV, sign up below!Disclosure: We have no position in NWAV and have not been compensated for this article.
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