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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

Post by AuroraAuroraon Aug 31, 2021 11:06am
182 Views
Post# 33787693

Fins & Positive Indicators

Fins & Positive Indicators I think there are a ton of positives. These are highlights for me from these Q3 fins, and I think that Q4 fins will be Very good since we will see business to consumer sales:
- Bulk cannabis distillate sales for the year-to-date exceeded $2.00MM during the period.
- Bulk cannabis distillate sales increased over 500% quarter over quarter to $656,000.
- Onboarded and supplied bulk CBD distillate to a Nasdaq-listed global cannabis company.
- Onboarded and supplied bulk THC distillate to one of the top selling vape brands nationally.
- Received seven initial SKU listings and first purchase order from the province of British Columbia for Glacial Gold" THC and CBD vape and ingestible oil products.
Revenues from the Company's initial order from the BC Liquor Distribution Branch are expected to be realized in the Company's fourth quarter.

Ackerman continued, "With our provincial sales channel coming online in September, we look forward to further diversifying our revenue base, to help drive efficient production and move us toward consistent monthly profitability. With our facility that is heavily automated, with the additional utilization, and revenue potential from B2C sales it should help us reach that goal this year."

Glad I'm locked and loaded and that there are others on this board here who are now happy to stamp out the haters. I think that Nextleaf staff (seeing as NL staff believe so much in the company and are so heavily invested), as well as their other investors (us) will be handsomely rewarded for our patience. 

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