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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 > Bevcanna Partnership?
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Comment by Buyhigheatchipson Feb 15, 2021 6:38pm
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Post# 32569846

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Bevcanna Partnership?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Bevcanna Partnership?Hi RM,

When I read the quote below is seems like BevC was granted an exclusive license to use NL's IP for beverages with the proviso it was commercialized in a year. They missed that milestone so that particular IP is fair game for another licensee. Is this the NR you're referring to?

I agree that we can't count on them using our IP until we see it in writing. 


Nextleaf has granted exclusive license to BevCanna for the use of intellectual property related to water-soluble cannabinoids for the development, manufacturing and sale of BevCanna products. This will include BevCanna's portfolio of house brands, and white label products developed by BevCanna for third parties.

Performance milestones include commercialization within 12 months of the legalization of infused products and edibles in Canada. The initial term of the agreement extends for 3 years after the legalization of infused products, and subsequent 5-year renewal period.

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