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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 LastoftheFrankson Nov 10, 2021 10:22am
126 Views
Post# 34109590

Pot Shop Apocalypse Is Irrelevant

Pot Shop Apocalypse Is IrrelevantRetail store closures are irrelevant to cannabis consumption and sales. The current over-saturation of stores means revenues from the local cannabis consumer base are too small per store to maintain the current number of retailers. 

A scale back in retailers does not shrink the overall cannabis consumer market, it just consolidates where consumers spend their money. The retail sector sprawled out on a combo of bad gov't intervention (license lottery + long rollout timeline followed by abrupt ending license lottery + condensing the timeline and focus on rapid deployment) and the flawed notion that because cannabis is now legal everyone would get into it. 

If there are 10 stores on your block today and next year there are 5, the only thing that changes is your walk between stores is 30 seconds longer. Sales and spending by the local consumer base remains stable. 
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