Nextleaf Solutions Ltd C.OILS

Alternate Symbol(s): OILFF

Healthcare Cannabis Health Care

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

Nextleaf Solutions Ltd > Excise Duty

<< Previous

Bullboard Posts

Next >>

Comment by GnarlyMungeron Jan 25, 2024 4:42pm

130 Views

Post# 35845898

RE:RE:Excise Duty

It doesn't say they are current on Excise Tax. It only talks about licences & documentation. CRA is not allowed to withold licences for unpaid Excise Tax. They have to put the Co on a payment plan and let them trade to clear it (which is difficult for a rapidly growing company, because they continue to accrue more than they clear). Vicious circle once you get behind. Even worse for extract producers.
So $227k of Payables is owed to Directors/Management... what's the other $3.1m?

<< Previous

Bullboard Posts

Next >>

5 steps to mastering risk management in the stock market