Nextleaf Solutions Ltd C.OILS

Adastra Announces Supply Agreement with Pure Sunfarms

[lscfa]

Eating Nextleaf's lunch....

https://www.accesswire.com/602074/Adastra-Announces-Supply-Agreement-with-Pure-Sunfarms

[lscfa]

Adastra raised money to grow, Nextleaf raised money to keep the lights on.....

[cronic1980]

Bit dramatic, this is for 6000kg = circa 7 tons. NL currently processing 25 tons.

[Rm90090]

I don't get it - this is not a revenue deal for Adastra, this is them PAYING money. This is them paying money to get more biomass for them to be able to turn into oil. NL did this already with their agreement to acquire 25 tones of biomass. Now, if Adastra were to sign lots of revenue processing deals with companies for their Distillate Oil then you would have a better point I think. Jmo

[cronic1980]

Yes good point, 1000kg a month for 6 months which is 1.5days a month processing work and they are paying upfront. Great deal......

[Rm90090]

I just don't think this is a braggable deal (certainly not 'eating NL's lunch). I didn't think it was a braggable deal when NL got their biomass either. There is an abundunce of biomass on the market and the price is getting commoditized. Buying it doesn't take skill. The skill is selling the processed oil for revenue. That is what we are keeping an eye out for. jmo

[stealthct]

very demoralizing few months. well...demoralizing 1.5 years. 

[billybonk]

coincidence?  CIBC buyer, CIBC seller, mostly 500 shares at a time.  

[stealthct]

yah what's up with all those strange CIBC trades.  so, not sure if anyone knows but having inventory and lot of it isn't a very positive thing when you're a small business. Cash sitting on shelf. Biomass inventory keeps increasing each year but why aren't the LPs jumping at the opportunity to extract it all into oil since oil can has a longer shelf life? There has to be an