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 > share price drop?

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Comment by shnepson Mar 01, 2024 10:38am

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Post# 35909078

RE:RE:RE:RE:share price drop?

Unfortunately yesterday is what can happen when people put in large stop loss orders. The brokerage algos note it, calculate how much it would cost to drop down to that level and how many cheap shares they can pick up.
Personally it is why I don't use stop loss orders.
Obviously TD saw it and took advantage.
Other lemmings followed.
The stop loss order may have been at 12c or 15c but the stop loss order will sell all of the order into available bids, lowering the shareprice further.

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