Connect with us


Nextleaf Solutions Ltd (OTCMKTS:OILFF) Posts Record Revenues Of $1.257 Million In Q1 2021



Nextleaf Solutions Ltd (OTCMKTS:OILFF) reported revenues of $1.257 million (up 359% YoY) in Q1 2021. The company supplied high-quality CBD distillate (100 Kgs) to a licensed manufacturer and distributor of cannabis products in British Columbia.

Signs cannabis extraction agreements

Nextleaf entered cannabis extraction accords with three licensed manufacturers in Canada. The market for distillation and extraction services is strong. Nextleaf expects to sign additional commercial contracts in 2021 with a focus on converting single supply orders to long-term orders.

Nextleaf received a patent from MIIP (The Mexican Institute of Industrial Property), which is vital for the economical manufacture of cannabis distillate.

The Mexican Senate on September 29, 2020, legalized adult-use cannabis by enacting a legalization bill. However, the pending law needs Andrés Manuel López Obrador’s approval, the Mexican President, to become a law.

With this enactment, Mexico will become the third nation for legalizing cannabis for adult-use. Recently, the Supreme Court in Mexico set April 30, 2021, to pass the law.

Following the legalization of marijuana for adult-use, Mexico will become the biggest market for legal cannabis in the world, considering its population.

Nextleaf maintains a competitive advantage by protecting its technology in nations like Australia, the US, Mexico, New Zealand, South Africa, Colombia, Israel, and Canada.

Cannabidiol gummies in British Columbia

Nextleaf introduced OILS high purity CBD distillate powered CBD gummies in British Columbia through its commercial partners’ program. It is a big leap for Nextleaf in commercializing its IP portfolio.

Produces rapid THC oil drops

Nextleaf utilized its RET (rapid emulsion technology) to manufacture the first batch of rapid THC oil drops. The private label partners can use the proprietary delivery technology (PDT) of Nextleaf to manufacture cannabis ingestible products. Nextleaf expects to convert the PDT into a profitable private label business going forward.

BevCanna receives RET by OILS

Nextleaf received an order from BevCanna Enterprises Inc for its RET by OILS. As a result, Rapid Concentrate of Nextleaf will be one of the key ingredients in BevCanna’s brands.

BevCanna engages in developing and producing a wide variety of beverages infused with cannabis for white label clients and in-house brands.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.


Business2 days ago

THC Biomed Intl Ltd (OTCMKTS: THCBF) Amends its Health Canada Licence to Include Three Strata Units at its Acland Road Location

Post Views: 5 It took only a year for THC Biomed Intl Ltd (OTCMKTS: THCBF) to obtain a rare license...

Business2 days ago

Tetra Bio-Pharma Inc. (OTCMKTS: TBPMF) Obtains an Approval of the Proposed Protocol Modifications to Accelerate the REBORN Study

Post Views: 37 Clinical trials are an essential component of any drug discovery and development program. Innovative research initiatives are...

Business2 days ago

The Appointment of Philip Goldberg, Formerly of Green Leaf Medical, to the Board of Directors of Columbia Care Inc. (OTCMKTS: CCHWF)

Post Views: 6 The growing acceptance and recognition of marijuana for its medical purposes has made an impact on cannabis...

Business2 days ago

Surna Inc, (OTCMKTS: SRNA) Expands its Line of Curated HVACD Family Products with the Introduction of EnviroPro™ Air Handler

Post Views: 6 The cultivation of cannabis comes with a myriad of challenges. Designing cultivation facilities and deploying the systems...

Business3 days ago

Mydecine Innovations Group Inc. (OTCMKTS: MYCOF) Supports the Launch of Version 2.0, a Digital Health Platform by its Subsidiary Mindleap Health

Post Views: 3 The COVID 19 pandemic took the world by storm and has left hundreds of thousands of people...


HempMeds Latin American Operations, a subsidiary of Medical Marijuana, Inc. (OTCMKTS: MJNA), Announces a 12% Revenue Increase in June 2021 Compared to June 2020

Post Views: 18 What comes to mind when you hear the words, “Medical marijuana?” It is seemingly regarded as the...