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 > Update: NextLeaf Solutions Facts

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Comment by shnepson Mar 06, 2024 9:15am

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Post# 35917646

RE:Update: NextLeaf Solutions Facts

The reference to government debt was the following:

Canadian Emergency Business Account (“CEBA”)

In 2020, the Company qualified for a government-guaranteed line of credit (government loan) of $40,000 which was interest-free until January 18, 2024. The loan was part of the CEBA benefit in relation to COVID-19 relief. As the loan was subsequently repaid by January 18, 2024, a balance forgiveness of $10,000 applied.

Paid in full in January 2024

* Disclosure - You don't own very many shares at all. Lol

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