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Nextleaf Solutions Ltd C.OILS

Alternate Symbol(s):  OILFF

Nextleaf Solutions Ltd. is a Canada-based company, which is a federally regulated manufacturer and distributor of cannabis vapes and oils under its brand, Glacial Gold. The Company is a cannabis extractor and processor, with a focus on developing intellectual property for the extraction, distillation formulation, and delivery of cannabinoids. It commercializes its intellectual property portfolio through IP licensing, production of cannabidiol (CBD) and tetrahydrocannabinol (THC) oils, through its subsidiary, Nextleaf Labs Ltd. (Labs), and selling products through provincial distribution boards for the adult-use market under the brand Glacial Gold. It sells its branded products to government distributors and authorized retailers in four provinces in Canada. Its patented ingredient processing technology transforms unsold cannabis and hemp biomass into distillate at an industrial scale. Its other subsidiary is Nextleaf Innovations Ltd., which operates as an extraction solutions company.


CSE:OILS - Post by User

Bullboard Posts
Comment by Rm90090on Sep 13, 2019 5:25pm
77 Views
Post# 30125561

RE:Purchasing Biomass & Facility Operations

RE:Purchasing Biomass & Facility OperationsStealth - the part about two weeks to turn the facility on and then needing to buy more equipment, is that what you got from talking to NextLeaf directly?

If so, then I don’t expect there to be much revenue in the next earnings report. This is okay - it’s just I was hoping that they were using this time waiting for the license to get ready for business operations.

If they were waiting for the license before buying the equipment (while it may be a prudent spending decision) it shows that they weren’t ready to spend money without it. Which means they weren’t 100% confident that they would get it.Which means they aren’t ready to extract on a large scale way yet. I believe and am heavily invested in this company - but they are a little down the road yet. In this new cannabis business climate, announcements of deals, licences, and contracts don’t move the stock price. Proven performance does. It’s a good thing we are in early - but it may actually be really early.

I was just hoping they had something up their sleeves that they were preparing for this whole time. Oh well.
Bullboard Posts