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New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) announces the appointment of Debi Nordstrom as Chief Financial Officer of its subsidiary, New Leaf USA, effective immediately. Nordstrom brings extensive accounting experience and a goal-oriented approach, previously working with PricewaterhouseCoopers LLP. CEO Dax Colwell emphasized the importance of her role in enhancing governance and planning for post-Covid growth as the cannabis sector rebounds. The company aims to strengthen its financial oversight and improve bottom-line performance.
New Leaf Ventures Inc. (CSE: NLV, OTC: NLVVF) reports on its first year since IPO, highlighting major achievements in the cannabis sector. After raising over $1.9M, the company acquired New Leaf USA, enhancing its operations. With successful equipment upgrades and a focus on innovation, New Leaf has expanded its product lines, including the Dama brand in the CBD market. Notable revenue growth of 35% in Q1 2021 and a 40% increase in retail accounts demonstrate positive market impact. The company also initiated partnerships to penetrate the cannabis beverage market, positioning for future growth.
New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) announced the appointment of David Weston as Sales Director for its New Leaf USA venture. Weston brings extensive experience from his tenure at Red Bull North America, where he significantly increased sales and account numbers. As Sales Director, he will manage sales metrics and lead a team to develop sales strategies. CEO Robert Colwell highlighted the importance of this role in driving growth and revenue as the company prepares to launch new products and expand production capabilities.
New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) has reported significant advancements in its cannabis operations. The Company has upgraded its equipment, which has improved its market share and production capacity.
The License Holder noted a 35% revenue increase in Q1 and a 40% growth in retail accounts. The recent acquisition of additional biomass worth $3M USD positions New Leaf for further B2B sales growth ahead of the 420 holiday. The Company is also expanding its product offerings, including infused cannabis products, and aiming for national participation as the industry experiences renewed interest following state-level legalizations.
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.
New Leaf Ventures Inc. (CSE: NLV, OTC: NLVVF) has updated its progress with the Schilling Hard Cider partnership, focusing on cannabis-infused beverages. The venture is in the branding and product design phase, targeting 2-4mg THC formulations for health-conscious consumers. Manufacturing plans include three beverage flavors, aiming for a Q3 2021 launch in Washington. Additionally, New Leaf has accelerated 2,143,165 warrants due to share performance, expiring March 31, 2021. A clerical error regarding interest rates in an IP licensing agreement has also been corrected.
New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) announced the launch of a new CBD-only product line under its Dama Brand, set to roll out nationwide in Q1 2021. The product lineup includes herbal blend tinctures, soft gels, and topicals, targeting the growing CBD market. The initiative follows a positive response to a previously announced CBD beverage. New Leaf aims to leverage its industry expertise to educate consumers and expand its offerings amidst projected market growth of $3.05 billion from 2021 to 2025 at a CAGR of 27%.
New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) announced a strategic partnership with Fire Creative Branding to enhance branding and packaging for new cannabis product lines, including candies and beverages. The initiative aims to boost market share through collaborations with prestigious brands. Recent product launches include four new flavors of hard candies. Additionally, New Leaf is developing a commercial kitchen to expand cannabis extraction capabilities and plans to launch infused beverages in Q2 2021, with the branding process being conducted meticulously.
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