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Nextleaf Solutions Ltd C.OILS

Alternate Symbol(s):  OILFF

Healthcare Cannabis Health Care
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

Nextleaf Solutions Ltd
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Comment by Rm90090on Mar 13, 2020 2:49pm
78 Views
Post# 30805292

RE:Cash Position

RE:Cash PositionFormula based on latest interim financial statement ending dec 31st 2019

CASH RUNWAY = Cash Left in reserves/Amount spent every month (minus monthly revenue)


                            = 2012168 cash left/837651 monthly expenses - 350000 in licensing revenue

                            = 4 Months

Taking into account this is from the end of Jan, and no new revenue has been received (I beleive), then cash will run out at the end of April. Does this seem correct? They will need revenue from these contracts very soon. Open to opinions..
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