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Nextleaf Solutions Ltd C.OILS

Alternate Symbol(s):  OILFF

Healthcare Cannabis Health Care Cannabis
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

Nextleaf Solutions Ltd > Q3
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Comment by LastoftheFrankson Aug 29, 2022 10:40pm
162 Views
Post# 34928597

RE:RE:RE:RE:Q3

RE:RE:RE:RE:Q3Cash burn is not ideal. Cash on hand ~450k, ended Q2 with ~$860k.

All the new "tax free" bulk ingredients came online in Q4. They either need a significant uptick in bulk sales or branded product sales, or they will find themselves looking for cash again. Note Q3 was only briefly in Ontario so those sales have not materialized in these financials. 
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