Nextleaf Shares a Commercial Update Including 12 New Product Listings
Nextleaf Solutions (CSE: OILS) (OTCQB: OILFF) announces 12 new product listings across 5 categories, launching between September 2024 and early 2025. The company currently manufactures 40 products for national distribution. New offerings include CBN softgels, RSO (Rick Simpson Oil), and all-in-one vape products. Nextleaf's Glacial Gold brand was the #1 softgel brand in Western Canada in September 2024. The company's aggressive pricing strategy and in-house production have contributed to Glacial Gold's growing market share. Approximately 70% of FY 2024 YTD revenue was generated through its CPG strategy. Nextleaf also announces the permanent appointment of Sam Kassem as Chief Financial Officer.
Nextleaf Solutions (CSE: OILS) (OTCQB: OILFF) annuncia 12 nuovi lanci di prodotti in 5 categorie, che arriveranno sul mercato tra settembre 2024 e l'inizio del 2025. L'azienda attualmente produce 40 prodotti per la distribuzione nazionale. Le nuove offerte includono softgel di CBN, RSO (Rick Simpson Oil) e prodotti vape tutto-in-uno. Il marchio Glacial Gold di Nextleaf è stato il marchio di softgel numero 1 in Canada occidentale nel settembre 2024. La strategia di prezzo aggressiva dell'azienda e la produzione interna hanno contribuito alla crescente quota di mercato di Glacial Gold. Circa il 70% del fatturato accumulato nel FY 2024 è stato generato attraverso la sua strategia CPG. Nextleaf annuncia inoltre la nomina definitiva di Sam Kassem come Direttore Finanziario.
Nextleaf Solutions (CSE: OILS) (OTCQB: OILFF) anuncia 12 nuevos lanzamientos de productos en 5 categorías, que se lanzarán entre septiembre de 2024 y principios de 2025. La compañía actualmente fabrica 40 productos para la distribución nacional. Las nuevas ofertas incluyen geles blandos de CBN, RSO (Rick Simpson Oil) y productos de vapeo todo en uno. La marca Glacial Gold de Nextleaf fue la marca de geles blandos número 1 en Canadá occidental en septiembre de 2024. La estrategia de precios agresiva de la compañía y la producción interna han contribuido a la creciente cuota de mercado de Glacial Gold. Aproximadamente el 70% de los ingresos acumulados del FY 2024 se generaron a través de su estrategia CPG. Nextleaf también anuncia el nombramiento permanente de Sam Kassem como Director Financiero.
Nextleaf Solutions (CSE: OILS) (OTCQB: OILFF)는 2024년 9월부터 2025년 초까지 출시되는 5개 카테고리에서 12개 신제품 목록을 발표했습니다. 이 회사는 현재 국내 유통을 위한 40개의 제품을 제조하고 있습니다. 새로운 제품에는 CBN 소프트젤, RSO (릭 심프슨 오일) 및 올인원 Vape 제품이 포함됩니다. Nextleaf의 Glacial Gold 브랜드는 2024년 9월에 캐나다 서부에서 소프트젤 브랜드 1위에 올랐습니다. 회사의 공격적인 가격 전략과 자체 생산이 Glacial Gold의 시장 점유율 증가에 기여했습니다. FY 2024 과세 연도 기준으로 약 70%의 수익이 CPG 전략을 통해 생성되었습니다. Nextleaf는 또한 Sam Kassem을 최고 재무 책임자(CFO)로 공식 임명했다고 발표했습니다.
Nextleaf Solutions (CSE: OILS) (OTCQB: OILFF) annonce 12 nouvelles références de produits à travers 5 catégories, qui seront lancées entre septembre 2024 et début 2025. L'entreprise fabrique actuellement 40 produits pour la distribution nationale. Les nouvelles offres comprennent des gélules molles de CBN, de l'RSO (huile de Rick Simpson) et des produits de vape tout-en-un. La marque Glacial Gold de Nextleaf était la marque de gélules molles numéro 1 dans l'Ouest canadien en septembre 2024. La stratégie de tarification agressive de l'entreprise et sa production interne ont contribué à l'augmentation de la part de marché de Glacial Gold. Environ 70 % des revenus cumulés pour l'exercice 2024 ont été générés via sa stratégie CPG. Nextleaf annonce également la nomination définitive de Sam Kassem en tant que directeur financier.
Nextleaf Solutions (CSE: OILS) (OTCQB: OILFF) gibt 12 neue Produktlistungen in 5 Kategorien bekannt, die zwischen September 2024 und Anfang 2025 auf den Markt kommen. Das Unternehmen produziert derzeit 40 Produkte für die nationale Verteilung. Zu den neuen Angeboten gehören CBN-Softgels, RSO (Rick Simpson Öl) und All-in-One-Vape-Produkte. Die Marke Glacial Gold von Nextleaf war im September 2024 die Nummer 1 der Softgel-Marken in Kanada-West. Die aggressive Preisstrategie des Unternehmens und die interne Produktion haben zur wachsenden Marktanteil von Glacial Gold beigetragen. Etwa 70% des Umsatzes im Geschäftsjahr 2024 bis heute wurden über die CPG-Strategie erwirtschaftet. Nextleaf gibt außerdem die dauerhafte Ernennung von Sam Kassem zum Chief Financial Officer bekannt.
- 12 new product listings across 5 categories, expanding product portfolio
- Glacial Gold ranked as #1 softgel brand in Western Canada (September 2024)
- 70% of FY 2024 YTD revenue generated through CPG strategy
- Expansion into minor cannabinoid market with new CBN softgel SKUs
- Commercialization of RSO (Rick Simpson Oil) using in-house extraction process
- Launch of 4 all-in-one vape products with built-in rechargeable batteries
- None.
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2024) - Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) ("Nextleaf", "OILS", or the "Company"), a leading life science firm and licensed cannabis processor, is excited to announce 12 new product listings nationally across 5 categories, and the permanent appointment of Sam Kassem as Chief Financial Officer.
New Products and Innovation
Nextleaf is pleased to announce 12 new listings across 5 categories, launching between September 2024 and early 2025. Currently the Company manufactures 40 products for coast-to-coast distribution to medical and adult use consumers.
New Products Launching from Nextleaf Labs
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The product pipeline includes a significant expansion into the minor cannabinoid market, with the launch of 2 new CBN softgel SKU's. CBN, often anecdotally referred to as the "melatonin" of cannabis, is recreationally consumed for its potential sleep-supporting properties.
Additionally, Nextleaf will begin commercializing RSO (Rick Simpson Oil), a high-potency extract that contains a broad spectrum of cannabinoids and plant-based compounds, also known as "full spectrum", initially popularized in the prohibition era. The Company processes its own RSO ingredients in-house for Glacial Gold and commercial partners, utilizing its multi-patented extraction process.
Alongside ingredient innovation, Nextleaf will invest deeper into hardware innovation, rapidly commercializing 4 all-in-one vape products which include built-in rechargeable batteries, ready-to-consume. The Company anticipates additional listings within this sub-segment through-out FY 2025.
"Convenience is consistently a dominant purchase driver for consumers. We recognize the need for this ready-to-consume sub-segment in the vape category, and through our rapid approach to commercialization, we're able to expand our offerings with unparalleled value and speed-to-market," comments Chris Andrews, VP Commercialization.
Ontario (4 new listings)
- Glacial Gold, Atmosphere Twisted Citrus Vape 2g
- Glacial Gold HIGH THC Banger AIO Vape 1g (early 2025)
- Miracle Valley, Crafty Cuts Dried Flower 7g
- Miracle Valley, Crafty Cuts Sampler Pre-rolls 5x0.7g
Alberta (6 new listings)
- Glacial Gold HIGH THC Banger AIO Vape 1g
- Glacial Gold HIGH THC Banger Infused Pre-rolls 3x0.5g
- Glacial Gold Atmosphere Twisted Citrus Vape 2g
- Glacial Gold CBN:CBD 10:10 Softgels 50-pack
- Glacial Gold CBN:CBD 10:10 Softgels 100-pack
- Glacial Gold THC 10 Softgels 50-pack
BC (2 new listings)
- Glacial Gold RSO Full Spectrum 5:5 Softgels - 100-pack
- Glacial Gold CBN:CBD 10:10 Softgels 50-pack
Brand Performance and Market Insights
According to Headset Sales Data (September 2024), Glacial Gold was the #1 softgel brand in Western Canada, outpacing competitors both in SKU performance, and volume of offerings. Glacial Gold has 12 softgel SKU's available in BC and Alberta, with additional launches expected.
"Our team is enthusiastic about where consumption trends are headed, and to be category leaders steering the conversation. Consumers value having choice, alternative methods of consumption, health-conscious options, high-quality ingredients, and all-natural alternatives. Our capabilities are well positioned to capitalize on the opportunity," comments Emma Andrews.
As part of their strategic efforts to strengthen brand presence and consumer engagement, the Company recently participated at KIND Summer Fair in Toronto, ON where their Glacial Gold 'Glacial Cones' and Vape Bar activation was voted the #3 most mentioned by first-time attendees. "For their first-time exhibiting, the team delivered a high-energy, engaging, and yet still economical activation. It was no surprise to see the recognition from budtenders," shares Josh Nagel, CEO of KIND Media. "This is a brand to watch."
Commercial Strategy
Nextleaf has maintained a focused business model since its inception, through extraction technology and processing. This depth has allowed for specialized training and expertise for staff, and a reputation for exceptionally consistent products and ingredients in market.
The Company's aggressive pricing strategy, combined with significant cost savings from in-house production of high-purity ingredients, has contributed to Glacial Gold's growing market share. Approximately
"Glacial Gold is becoming rapidly known as the go-to brand for value and variety. The versatility of our portfolio ensures there's something for every type of cannabis consumer and consumption occasion, with one trusted producer," shares Emma Andrews, CEO.
Appointment of Chief Financial Officer
Nextleaf's Board of Directors is pleased to announce the permanent appointment of Sam Kassem as the Chief Financial Officer. Mr. Kassem has acted as the Company's Interim CFO since Sept 2023.
"Working closely with Sam on the audit committee and Board has cemented my confidence in his contributions," shares Fred Bonner, an Independent Director with the Company for the past 7 years. "He has gone above and beyond, notably to help guide the Company through a pivotal ERP integration project that will undoubtedly help future-proof the operation and our next stage of growth."
About Sam Kassem, BBA, CFA
Sam Kassem brings a wealth of experience in streamlining financial processes, optimizing cash flow management, and enhancing operational efficiencies. With over a decade of experience in the cannabis industry, Mr. Kassem has collaborated with cultivators and processors and played a key role in building a leading technology provider within the sector.
Share Issuance.
Nextleaf has issued 1,666,667 common shares at a deemed price of
About Nextleaf Solutions Ltd.
Nextleaf® is an innovative cannabis processor and life science firm with a portfolio of federally regulated emerging consumer brands, market validated cannabis derivative products, and high-potency bulk ingredients. Nextleaf's multi-patented, highly automated, closed loop extraction and distillation technology sets the global standard for processing cannabis at scale.
With coast-to-coast distribution, Nextleaf brands are sold through both medical and recreational channels and includes acclaimed legacy-era brand Glacial Gold, and High Plains Cannabis.
The Company has been issued 19 U.S. patents, and 75+ patents globally, on cannabinoid processing including extraction, distillation, and acetylation.
On behalf of the Board of Directors of the Company,
Emma Andrews, CEO
Contact: investors@nextleafsolutions.com
Follow Nextleaf Solutions on LinkedIn
Learn More: www.nextleafsolutions.com
Nextleaf trades as OILS on the Canadian Securities Exchange, OILFF on the OTCQB Market in the United States, and L0MA on the Frankfurt Stock Exchange.
Disclaimers and Disclosure Statements:
Certain statements contained in this press release constitute "forward-looking statements" within the meaning of applicable securities laws. All statements other than statements of historical fact contained in this press release, including, without limitation, statements regarding the Company's anticipated delivery of its products to provincial markets across Canada and those regarding the Company's strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company's MD&A for the most recent fiscal period. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law. The Canadian Securities Exchange has not reviewed or approved the contents of this press release.
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FAQ
What new products is Nextleaf Solutions (OILFF) launching in 2024-2025?
How did Glacial Gold perform in the softgel market according to September 2024 data?
What percentage of Nextleaf's (OILFF) FY 2024 YTD revenue came from its CPG strategy?
Who has been appointed as the permanent Chief Financial Officer of Nextleaf Solutions (OILFF)?
