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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
Post by Rm90090on Mar 13, 2020 6:57pm
166 Views
Post# 30806541

CASH POSITION - UPDATE

CASH POSITION - UPDATEHi everyone,

Just an update. I talked to IR this afternoon and got a little information. NL said that the expenses from Jan to now are less than the expenses they had during Sept to Dec of last year (which I used to calculate the cash runway). They had a lot of setup costs for the machinery at the end of last year that they don't have any more.

I didn't get any specific details about what their exact cash runway is now - but I think that we should collectively find out. The revenue for the toll processing won't start until they are actually processing - and we don't know what the government is going to mandate in regards to sending employees home with the Corona virus. If anyone has specific details about the new expenses and cash runway please share. Thanks!
Bullboard Posts