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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 Feb 01, 2022 6:26pm
230 Views
Post# 34387281

Corporate Update

Corporate UpdateI don't think there was a lot of surprises here. I'm not sure why there's so much increased negativity on the board. Were the financials good? No. Were they bad? Yes. But we knew that was going to be the case. Now I've been pretty openly critical of the neverending calls for patience and assumptions that next quarter will be better. But here I am, this one time suggesting ( after doing your own research) to consider seeing how this plays out over the short-term. I won't lie and say that I don't have my reservations (they are well documented) but do I dare say "this time is different"? In short, yes. Does it mean NL will execute on their plan? No. But I hope that they will and I'm personally willing to give them a chance here and increase my stake. NL doesn't have a long leash here. Investor confidence and interest is dwindling ......................................................................Cut costs. Salaries and other compensations should be reduced to reflect the true financial position of the company. This will help stop the bleeding and give them more time to get the national roll-out up and running.
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