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Nextleaf Solutions Ltd C.OILS

Alternate Symbol(s):  OILFF

Nextleaf is a federally regulated manufacturer and distributor of cannabis vapes and oils under its prohibition-era brand, Glacial Gold. The Company’s multi-patented ingredient processing technology transforms cannabis and hemp biomass into high-purity distillate at an industrial scale. Nextleaf is a low-cost producer of cannabis oils, and supplies THC and CBD ingredients to partners across Canada. Nextleaf has been issued 19 U.S. patents and over 100 patents globally, on cannabinoid processing.


CSE:OILS - Post by User

Comment by shnepson Apr 01, 2021 8:31am
78 Views
Post# 32921243

RE:RE:RE:RE:RE:RE:Nextleaf secures financing

RE:RE:RE:RE:RE:RE:Nextleaf secures financing I need to disagree with you Blizzy. Just because the cannabis industry is riddled with sleezebag investors that utilize convertible debentures to protect their investment, gain interest and then convert the debt to shares it is not how the broad investing community uses convertible debt.

 A 10% discount is cheap and so is the 5% note. Typically it's 20% and 8-9%. Convertible notes can benefit both parties. Investor gets some security but can also benefit from an acquisition in the future. I agree with the potential debt conversion but this is very much dependent upon who the investor is and what their intentions of investing in the company are.

This is also their first debt acquisition unlike most in the industry that have built their companies on this model. Has to be good news to have an institutional investor on board. Can only say time will tell.
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