NEW LEAF VENTURES A - NLVVF STOCK NEWS

New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) announced a manufacturing services agreement with Anonymous Buffalo LLC in Washington State through its subsidiary, New Leaf Services. This agreement allows New Leaf Services to provide processing and co-packing for products under various brands, including the respected cannabis brand Solstice. The finished products will be distributed by Anonymous Buffalo across the state.

Additionally, the company has settled a debt of CAD$56,990 by issuing 278,000 common shares at a deemed price of $0.205 per share to an arms-length creditor. All shares are subject to a four-month hold period. New Leaf Ventures continues to focus on consolidating processing and distribution capabilities in the growing cannabis sector.

New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) announced that its subsidiary High Profile Holdings Cannabis Corp. has signed a genetics transfer and buyback agreement with CannaPharmaRX Inc. This deal enables the cultivation of exclusive cannabis strains, producing 15-30% THC and 3.5% terpenes, at Canna's facility in Alberta. High Profile can buy back products that meet quality standards, creating a royalty revenue stream. Canna utilizes a GMP capable facility to enhance production quality, aiming for leadership in low-cost cannabis production. This collaboration allows High Profile to expand its retail brand and meet the demands of domestic and international markets.

New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) announced the approval from the Washington State Liquor Cannabis Board for the sale of its cultivation license to a third-party asset management company, as reported on March 6, 2023. This transaction includes the sale of cultivation-related assets through its subsidiary, New Leaf Equipment Co., generating gross sale proceeds of US$266,797. The license holder, New Leaf Enterprises, will retain its processor license for cannabis-derived products, facilitating a focus on processing and distribution operations. The company aims to align its business model with its “House of Brands” strategy, enhancing its market presence.

New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) has successfully completed the acquisition of High Profile Holdings Corp. through a statutory amalgamation. High Profile, known for its Urban Canna retail stores and a premium cannabis brand, adds valuable retail expertise to New Leaf. The transaction involved the issuance of 9,999,796 common shares to High Profile shareholders, subject to a 24-month lock-up schedule. New management, including Jason Garnett and Dean Medwid, brings over 30 years of experience, aimed at expanding operations and enhancing product offerings in the cannabis market.

New Leaf Ventures Inc. has announced an amalgamation agreement to acquire High Profile Holdings Corp. to enhance its presence in the Canadian cannabis market. This strategic acquisition aims to leverage High Profile's premium product offerings and retail network.

New Leaf will issue approximately 10 million shares as consideration, with a structured lock-up schedule for former High Profile shareholders. The acquisition awaits shareholder and regulatory approvals, with a meeting planned for early January 2023.

New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVD) has announced a non-binding letter of intent to acquire High Profile Holdings Corp., a private cannabis retail company in British Columbia. This acquisition aims to leverage High Profile's established retail relationships and distribution networks to enhance product listings across Canada. The deal is part of New Leaf's strategic expansion plans and is expected to drive revenue growth through operational synergies. The acquisition is subject to customary due diligence and the finalization of a definitive agreement.

New Leaf Ventures Inc. (CSE: NLV, OTC: NLVVF) announced a consolidation of its share capital, converting every five old shares into one new share. This will reduce the total issued shares from 62,770,115 to approximately 12,554,023. The Board believes this move is essential for raising additional capital and pursuing new business opportunities. The consolidation is subject to review by the Canadian Securities Exchange, but does not require shareholder approval.

New Leaf Ventures Inc. (CSE: NLV, OTC: NLVVF) announced the sale of cultivation assets to reduce overhead and stabilize margins amidst oversaturation in the cannabis market. The dissolution of its master lease and a strategic divestiture will infuse approximately US$266,797 into the company. This transaction shifts focus towards enhancing their distribution model and partnering with third-party farms for cost-effective biomass. The company aims to leverage favorable supply chain conditions and expand its brand portfolio.

New Leaf Ventures Inc. (OTC: NLVVF) has announced a Letter of Intent (LOI) with Stash House, enhancing its operational capabilities in the cannabis sector. The LOI allows New Leaf USA, its subsidiary, to leverage Stash House’s manufacturing, logistics, and proprietary technology to manufacture and distribute cannabis brands in Washington State. CEO Dax Colwell emphasized the potential of this partnership for national distribution as legalization progresses. Stash House has established a strong presence in several states, demonstrating its robust technology and distribution capabilities.