New Leaf Ventures Increases Processing Capacity Targets Q2 Market Share Growth
New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) reports significant operational advancements with new state-of-the-art equipment enhancing its biomass processing capability, which now exceeds projected capacity. The company has secured an additional 1,000 pounds of quality biomass, valued at approximately $3M USD, increasing its market share potential. New Leaf USA plans to offer production contracts for white label services as pandemic restrictions ease, aiming for substantial growth in the infused edible and beverage sectors.
- Increased biomass processing capability exceeding projections.
- Acquisition of an additional 1,000 pounds of biomass valued at $3M USD.
- Plans to offer production contracts for white label services.
- None.
VANCOUVER, British Columbia., March 16, 2021 (GLOBE NEWSWIRE) -- New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) (“New Leaf,” “NLV” or the “Company”), a management and investment organization dedicated to evaluating, investing and accelerating advanced stage operations in the North American Cannabis sector advises that its New Leaf USA venture equipment upgrades and increased market visibility are poised to deliver second quarter growth.
With the acquisition and implementation of new state-of-the-art equipment coming online, the Company reports that for the first time in the License Holder’s history, biomass processing capability has exceeded projected capacity. The equipment now includes all-new dried flower trimming and sorting machines, advanced drying and curing systems along with extensive pre-roll automation.
The business development team concurrently reports that favorable relationships, many of which are long-standing, with local Tier l, 2 and 3 farm operators has secured opportunities to acquire an additional 1,000 pounds of quality biomass with a retail value of approximately
Looking ahead, the increase in production output further accelerates plans to position New Leaf USA as a service provider to several underproducing regional brands. The business development team has been working diligently towards today’s announcement that New Leaf USA will offer production contracts across a range of white label brand services for operations with known manufacturing constraints. The Company anticipates outsourced services to grow on par with demand, especially as pandemic restrictions ease over the coming months.
Boris Gorodnitsky, President, New Leaf USA & Director, New Leaf Ventures Inc. notes, “We are thrilled to advise that our long-term operational plans are beginning to come online and unlock the added-value we envisioned from the outset. The newly activated equipment boosts our primary production services in combination with our upcoming industrial kitchen upgrades. This is all the result of strategic planning and investment throughout much of last year. As a result, we now enter a period of tactical advantage through increased output poised to drive previously unattainable sales opportunities. This newfound ability combined with our entry into the infused edible and beverage sectors positions New Leaf to capture market share and revenues to the benefit of our partners, stakeholders, and shareholders alike.”
About New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF)
New Leaf Ventures Inc. is developing a cannabis sector-based scalable securities concept of focused financing and applied management to achieve earnings growth through targeted investment. The Company’s flagship enterprise is New Leaf USA and its subsidiaries, which provide licenses, consulting services, real property, intellectual property and equipment for lease and ancillary services to a Washington-based Tier 3 Producer/Processor focused on cultivating, growing, processing, packaging, and distributing cannabis and cannabis related products. Find out more at: https://newleafventuresinc.com/.
For further information, please contact:
New Leaf Ventures Inc.
Invictus Investor Relations
Tel: +1 (604) 330-9220
Email: investors@newleafventuresinc.com
Forward Looking Statement
This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Forward-looking information is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
FAQ
What are the recent developments for New Leaf Ventures Inc. (NLVVF)?
How much biomass has New Leaf USA acquired recently?
What is the expected impact of the new equipment on New Leaf Ventures' growth?
When does New Leaf Ventures expect to see growth in its services?
