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Nextleaf Solutions Ltd (OTCMKTS: OILFF) Launch of State B Beverages With Nextleaf’s Proprietary

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Nextleaf Solutions Ltd (OTCMKTS: OILFF), is the owner of the most significant portfolio in the U.S for the extraction and distillation of cannabinoids, announced the launch of Canadian State B beverages with the company proprietary technology “Rapid Emulsion Technology by OILS™ (“Rapid Tech”).”

New product with Nextleaf proprietary technology: The company and State B Cannabis Beverage co. announce the launch of State B beverages with the help of Nextleaf technology “Rapid Tech.” State B is a female-owned cannabis beverage company. As per the release, the launch of State B beverages will be developed through a manufacturing partnership with BevCanna Enterprises Inc. and powered by Nextleaf’s proprietary Rapid Tech. It will be launched in three different variants (SKUs) such as Sparkle, Zing, and Resolve. Initially, the company will validate it through the Nextleaf human trial programs. It is an excellent opportunity for both companies to provide a product in cannabis beverages for female consumption. A new product is the first of its kind getting developed for the consumption of females, as per the company launch of State B branded products will act as a reflection of cannabis 2.0 and helped the company make this product adult-use.

Grant of $3.3 million for applied research in cannabis: Langara College has been awarded a grant for cannabis research. ASCCI (The Applied Science for the Canadian Cannabis Industry) research project received $2 million of grants from NSERC (the Natural Sciences and Engineering Research Council) and $1.3 million from CFI (the Canadian Foundation for Innovation). Total grants received are worth $3.3 million and are for five years. The grants will enable the college to build the foundation for applied research along with the faculty researchers. As per the industry, the funding or the grant signifies the college’s expertise to conduct the research. 

As a part of research work, the college will develop new technology, meet the industry requirements, and establish Canada’s position as a leader in applied cannabis science. The research will also be supported by various partners in the industry, including Nextleaf Solution, Ascension Sciences, and Pure Sunfarms. All these industry partners are expected to contribute around $0.4 million to the research work, thereby taking the total project or research funding to around $3.7 million, one of the most significant grants received by the college for applied research.

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