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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

Post by GreenWave85on Jan 11, 2022 1:17pm
167 Views
Post# 34304384

Investor relations

Investor relations I recently had the chance to have a robust discussion with Investor relations about Nextleaf Solutions and here are some of my main takeaways. Overall i thought it was a really good discussion. We discussed how NL needs to buy stamps for their products and the gov refunds them net 60 after products are sold. This temporarily has contributed to their cash flow problems. We all know the last raise resulted in a Huge kick in the nuts but they absolutely needed more money and they managed the situation the best they could based on the current market. I personally left the call feeling this is the case. Two things i didn't like (personally). One being that NL lack of profitability should be excused because most other Cannabis companies in Canada aren't either. I dont like this because we are supposed to be leaders and as a NL investor I'm solely focused on NL balace sheet not the 583 other companies. However, to be fair, the larger macro environment undoubtedly effects NL. Secondly we discussed why NL intentionally uses language like "we sold all of our units, but won't tell you how many units". Again the answer given was that some of the other Cannabis companies don't either and so they can use this precedent as reason to shield them from providing the numbers that are sitting in front them. I personally think this is a garbage excuse. When i pushed back and noted that everyone knows that if the numbers were really good that they would be forthcoming because Shareholders are desperate for some good substantive news. At this time the point was basically conceded but wanted me to note that they have exceed the lowest speculative estimate for number of units. Later we discussed how if NL was going to do it all over again there are some things they would do differently and could do better. That they are learning and evolving and open to new ideas. I took this as a 100% positive sign. We all make mistakes but if we can recognize them and strive to improve it increases the likelihood of our success.
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