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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

Post by GreenWave85on Mar 23, 2021 10:22pm
236 Views
Post# 32864049

The need to reduce costs

The need to reduce costs I've previously made posts on this before but it seems fitting to do it again. With Revenue no where where near what was expected; the company would be prudent from a buisness standpoint to evaluate their expenditures and reduce costs and compensation levels where posdible in order to help the bottom and show that this company has viability and value. We all know by now that News Releases, additional patents that don't generate revenue and saying the word "disruptive" won't entice the market or bring value to shareholders. Financials matter. Cash Flow matters. Viability matters. Who wants to make a long-term deal with a service provider who burns cash and raises capital every year? It signals that their operation is a losing one, and that it might not even be around 2 years from now... The cost of revenue is currently to high and it is weighing us down like a ton of bricks. I want to see this company make money and make money for it's shareholders. I don't think pretending that everything is 100% and looking the othe way is the best plan moving forward. NextLeaf, you need a strategic procurement plan moving forward and a review of your expenses.
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