New Investor Deck Page 12 regarding Licensing IP has new content and describes their approach to commercializing patents:
Commercializing Our Patent Portfolio
Introducing: OILS™ Commercial Partners Program
A unique service agreement and pricing model, specifically designed with high-volume harvests, or excess yield in mind. Efficient and high capacity processing services ensure Nextleaf’s commercial partners benefit from patented technology, and economies of scale.
Components of Commercial Success:
- Ingredient Standardization: easy to dose, formulate, and meet or exceed regulatory requirements
- Premium Oils: refined, purified, high potency, bioavailable
- Versatility: extracts suitable for a wide variety of formulations
They took out the Research and Development page and added one with the heading Commercial Contracts:
- Extraction agreement with 10-acre greenhouse grower for Nextleaf to process 15 metric tons of cannabis biomass
- Extraction agreement with Atlantic Canadian producer for Nextleaf to process 10 metric tons of cannabis biomass
- Supply agreement with British Columbia based Licensed Producer to supply 50 kgs of THC distillate
- Bulk THC and CBD oils will be sold through wholesale market
- Working capital efficient
- Monetize lower-grade cannabis biomass into high-purity distilled oil
They are making progress, now let's see some numbers regarding sales and margins.