Nextleaf Solutions Ltd - OILFF STOCK NEWS

Nextleaf Solutions Ltd. (OILFF) reports record quarterly revenue growth with a 190% increase in gross sales year-over-year, achieving its third profitable quarter. The company maintained a debt-free position and expanded market presence in Alberta. Strategic investments in inventory and product launches are driving revenue growth. Nextleaf issued common shares to executives as compensation and awarded stock options to employees and directors.

Nextleaf Solutions Ltd. (CSE: OILS) announces a strategic wholesale distribution agreement with Lineage Distribution, expanding its market presence into Manitoba and the Northern Territories. The agreement includes exclusive distribution of Nextleaf's product catalog in various categories, showcasing its acclaimed Glacial Gold and High Plains branded cannabis products.

Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) announces its annual financial results for Fiscal Year End 2023, showcasing robust growth, strategic achievements, and significant financial milestones. Key highlights include total gross revenue of nearly $10 MM ($9.96 MM), gross profit of $2.3MM, four consecutive quarters of positive cash flow, and becoming debt-free by retiring its senior note. The company's year-over-year gross revenue increased by an impressive $4.6 MM, representing a growth of 186.1%. Additionally, it successfully launched 15 new products in the Canadian rec market, secured 100+ individual product listings across six provinces, expanded into new provincial markets, and achieved leadership positions in various regions.

Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) announces the results of the annual general and special meeting of shareholders. The shareholders resolved to fix the number of directors at four, elect four directors for the ensuing year, re-appoint the Company's auditor, and approve the shareholder rights plan agreement.

Nextleaf Solutions Ltd. (OILS) adopts a shareholder rights plan to assess unsolicited take-over bids and maximize shareholder value. The company has not received any nominations for electing persons to the board of directors for the upcoming annual general and special meeting of shareholders.

Nextleaf Solutions Ltd. provides an update on Executive Leadership and the Board of Directors. Sam Kassem joins as Interim CFO, bringing expertise in financial processes and cash flow management. Kevin Keagan transitions out of his role. Emma Andrews, Interim CEO, joins the Board of Directors. The appointments reflect the company's commitment to consumer-packaged goods and cannabis processing.

Nextleaf Solutions Ltd. announces departure of CEO Paul Pedersen and appointment of Emma Andrews as interim CEO. Q3 2023 profitable quarter, debt-free position, and positive YTD 9-month EBITDA. Glacial Gold products leading in BC market. Launching new SKUs across Canada. Emma Andrews aims to accelerate company's recent performance.

Nextleaf Solutions Ltd. (CSE:OILS) (OTCQB:OILFF) has been issued 18 U.S. patents and over 95 global patents for cannabis extraction and purification. The company is a leading manufacturer of cannabis extracts, including oils and vapes, based in Vancouver. They've recently entered the consumer products sector with the acquisition of the 'Glacial Gold' brand. Nextleaf's patented processes ensure high-purity distillate production for various applications. Currently, shares trade at $0.075, and they are exploring THC-O commercialization under Health Canada regulations.

Nextleaf Solutions is set to present live at VirtualInvestorConferences.com on June 30th, 2021, from 4:00 PM ET to 4:30 PM ET. The CEO, Paul Pedersen, will lead the event, which is interactive, allowing real-time questions from investors. Nextleaf, recognized for its innovation in cannabinoid extraction, holds 15 U.S. patents and over 80 globally. Investors are encouraged to pre-register for the event. Further details can be found on Virtual Investor Conferences.
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