Mr. Daniel Fox reports

NEW WAVE SUBSIDIARY, WAY OF WILL, ANNOUNCES COMPLETION OF FACILITY EXPANSION

New Wave Holdings Corp. has noted that the expansion of Way of Will Inc.'s facility in Toronto, Ont., in anticipation of exponential sales growth, is now complete.

Way of Will, a fast-growing health and wellness company based in Toronto, Canada, has just completed the expansion of its production facility from 8,000 square feet to 20,000 square feet. In addition to the extra space, the facility upgrades also included the installation of additional manufacturing equipment as well as a designated packing area. With the added space and equipment, Way of Will is able to improve workflow and production capacity to meet the growing demands for its products while increasing profit margins at the same time.

Approximately 95 per cent of Way of Will's products are developed and manufactured in its Toronto facility, which are then distributed to wholesalers and retail companies across Canada and the United States. The company has seen steady positive sales growth of 30 per cent or higher over the past few years, and it is forecasting a 200-per-cent to 300-per-cent sales growth in light of its recent merge with New Wave Holdings. The facility expansion will accommodate the anticipated increase in production demands as Way of Will continues to increase its brand in both the Canadian and U.S. markets.

"This recent expansion has been a part of our business growth plan for the past year," said Willie Tsang, chief executive officer and founder of Way of Will. "We've got a lot of exciting things in the works, and our upgraded facility will help ensure that our operation continues to run smoothly while we continue to grow and evolve."

About New Wave Holdings Corp.

New Wave Holdings is an investment issuer focused on the burgeoning nutraceutical and psychedelic sectors and support for adaptive and progressive health and wellness products and therapies. New Wave's subsidiaries contain various health and beauty products within their portfolio of non-psychoactive plants and fungi as they continue to expand their product distribution through vertical integration to provide end-to-end solutions while capturing a high-margin business model.

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