Nextleaf Solutions Ltd. (OILS) (
CSE.OILS) – a federally regulated manufacturer and distributor of cannabis vapes and oils – has released its audited annual financial statements for the fiscal year ending September 30
th, 2021.
Highlights:
- Bulk cannabis distillate sales exceeded $3.00MM for the year ended September 30, 2021.
- Bulk cannabis distillate sales increased 1,300% year over year.
- Established a commercial supply partnership with a Nasdaq-listed global cannabis company, with Nextleaf supplying CBD ingredients to power the partner's CBD products and brands, including edibles, ingestible oils, and vape carts.
- Acquired the award-winning prohibition-era brand, Glacial Gold™, and expanded into branded product manufacturing and sales.
- Launched Glacial Gold™ vapes and oils in British Columbia, with over $300,000 in product sales recognized during the first four weeks in market (September 2021).
- Established distribution of Glacial Gold™ products into three provincial markets and nationally for medical cannabis patients.
- Reduced SG&A and R&D expenditures year over year.
Full story
here.
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