Nextleaf Solutions Ltd C.OILS

Alternate Symbol(s): OILFF

Healthcare Cannabis Health Care

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.

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Nextleaf Solutions Ltd > Financials Out

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Comment by LastoftheFrankson Mar 02, 2021 9:21am

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Post# 32693467

RE:RE:Financials Out

Nextleaf is in a legal dispute with the IP manufacturer. They claim supply chain issues, haven't been manufacturing equipment for almost a year now. They write-off for that investment was put in Year End fins.

shneps wrote: A couple of offtakes from this:
- Revenues were generated from only two customers.
- Only one month (December) did actual extraction occur (due to supply chain issues?)
- Gross profit margin of just under 50%
- No licensing revenue. Any ideas why?