Nextleaf Solutions Ltd C.OILS

Just keep in mind

[yc2022]

Key investments made during this quarter included building up inventory to support sales expansion and commercialization initiatives, as well as equipment purchases to support manufacturing. The Company also engaged new contract manufacturing partners to increase capacity and meet growing demand. This explains why net profit was not as high as most people expected. Remember the company is still growing....
Congratulations to Emme Andrews for a job well done!

[NeroAgain]

Agreed. Even more importantly, the statement says that there was a one time payment in legal fees that diminished net income. Nothing to worry about 

[shneps]

They also paid $30,000 to clear up the money they owed for the government Covid support. Another item off the books. Only cannabis company I know of that has paid back their loans for CEBA.

[Gotime2]

I didn't see the net profit stated in the news release, what was net profit on the 4 million in sales?

[Dude51]

Last year Gross Profit was 2.3 million. Depending what they do this year that Gross Profit number can go up or can go down? I trust their judgement. I also read somewhere they are now debt free, last four or five quarters in a row? Gotta be doing something right, eh? So I buys a bunch more today. Thanks Anonymous, 14 cents is sure better than 20 cents. That's a 30% price cut, awesome. Hope

[Mrbeau23]

Check Sedar 1st quarter (Dec31 /23) profit $132,821