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Nextleaf Solutions Ltd C.OILS

Alternate Symbol(s):  OILFF

Nextleaf Solutions Ltd. is a cannabis processor with a portfolio of federally regulated emerging consumer brands, market validated cannabis derivative products, and high-potency bulk ingredients. The Company’s multi-patented, highly automated, closed loop extraction, and distillation technology sets the global standard for processing cannabis at scale. The Company manufactures over 80 different products, across four categories for white label clients and house brands. It manufactures and distributes cannabis vapes and oils under multiple brands including its brand, Glacial Gold, and the High Plains brand. The Company sells its branded cannabinoid vapes, oils, and soft gels to the British Columbia Liquor Distribution Branch (BCLDB), Ontario Cannabis Store (OCS), Nova Scotia Liquor Commission (NSLC), Manitoba Liquor & Lotteries (MBLL) National Cannabis Distribution in Saskatchewan, and across Canada through multiple medical platforms, select pharmacies, and a distribution agreement.


CSE:OILS - Post by User

Bullboard Posts
Post by Kensin1953on May 23, 2019 12:24pm
114 Views
Post# 29768247

MOOD...

MOOD.....is unstable due to two things that popped up yesterday. 1.) National coverage on the October 2019 licensing of non-THC based Hemp products in Canada. There was no good news from the perspective given. All about regulating, products in short supply, licensing too slow, products will be tasteless and so on. Not sure why it was presented from such a negative perspective except what has happened with WEED distribution and availability. 2.) U.S. is in financial and political turmoil . Markets are way off again and when that happens the U.S.A. buyers pull back from speculative plays like the OILS Category. So today there is a lot of trading between Jitney, Questrade, Instinet, Merrill Lynch where the International players, shorters and Hedgers play. Nextleaf still has Haywood dumping continuously now for three days and someone on Instinet is buying everything they are selling. So could it go lower? 50% from the peak puts it at about $.44c Cdn. Although as pointed out support seems to be in the $.55c Cdn range. LABS is off almost a buck from it's peak a few days ago and that is on the heals of really good news. This might also be the portfolio managers balancing their accounts before going into June. Should be an interesting summer. JMHO
Bullboard Posts