Welcome to our dedicated page for Nextleaf Solutions news (Ticker: OILFF), a resource for investors and traders seeking the latest updates and insights on Nextleaf Solutions stock.
Nextleaf Solutions Ltd (OILFF) is a pioneering cannabis processor leveraging patented extraction technologies to serve medical and recreational markets. This page aggregates official news and verified updates about the company’s financial performance, product innovations, and strategic partnerships.
Investors and industry stakeholders will find timely announcements including quarterly earnings, intellectual property developments, and regulatory milestones. Our curated collection simplifies tracking OILFF’s progress in scaling its automated distillation systems and expanding its Glacial Gold product line.
Key updates cover FDA-compliant manufacturing advancements, bulk ingredient supply agreements, and participation in cannabis industry initiatives. All content is sourced directly from corporate communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to OILFF’s latest operational developments and market positioning within the evolving cannabis biotech sector. Check regularly for insights into how Nextleaf’s closed-loop processing technology continues redefining cannabinoid production efficiency.
Nextleaf Solutions (OTCQB: OILFF) reported strong Q1 FY2025 financial results, with gross revenue of $3.85 million and net revenue of $2.89 million for the period ending December 31, 2024. The company achieved significant financial improvements, including:
- Net income of $530,432, up from a loss of $239,675 in Q4 FY2024
- Gross profit margin increased to 32% from 25% quarter-over-quarter
- COGS reduced by 11.5% to $1.65M
- Positive EBITDA of $405,390
The quarter saw 8 new product launches under the Glacial Gold brand, which ranked as the top softgel brand in BC and AB through December 2024. The company strategically shifted focus to toll-processing activities for Commercial Partners over bulk ingredient production. Looking ahead to Q2 FY2025, Nextleaf plans operational expansion, 3 new product launches, and 4 expanded listings across core markets.
Nextleaf Solutions (OILFF) reported strong financial results for FY2024, achieving record growth in branded product sales. Key highlights include gross revenue of $16.57M (66% increase from FY23), net revenue of $12.48M (53% increase), and gross profit of $3.74M. The company maintained a debt-free status and delivered positive adjusted EBITDA of $675,613.
Performance was driven by expanded market presence, increased distribution channels through Alberta and other provinces, and strategic inventory investments. The company's Glacial Gold brand achieved notable success, ranking #1 in Softgel sales in BC and Alberta, and #4 in Ontario. Growth strategies for 2025 include brand building, increasing distribution points, product development, and exploring international opportunities.
Nextleaf Solutions (CSE: OILS) (OTCQB: OILFF) announces a live webinar titled 'Extracting Value: Industry Trends and Insights' scheduled for January 22nd, 2025, at 4pm EST/1pm PST. The 45-minute session will feature CEO Emma Andrews and be moderated by The Dales Report founder Shadd Dales.
The webinar aims to provide insights into Canadian cannabis industry trends, focusing on extract-based product categories and ingredients. The format includes a 30-minute discussion followed by a 15-minute Q&A session, offering stakeholders direct engagement with industry thought leaders ahead of the company's AGM on January 30th.
Emma Andrews brings over a decade of experience in the Natural Products Industry and comprehensive cannabis industry knowledge spanning harvesting technology, extraction, retail operations, and product development. The event underscores Nextleaf's commitment to transparency and industry leadership in the global cannabis space.
Nextleaf Solutions (CSE: OILS) (OTCQB: OILFF) has announced 14 new product listings across Canada under their Glacial Gold brand, spanning vapes, softgels, oils, and infused prerolls. The products will launch between January and April 2025 nationwide.
The company is expanding with specific product distributions in Ontario (4 listings), Alberta (4 listings), and British Columbia (6 listings), focusing on smokeless ingestible extracts and convenience formats. According to Headset Sales Data, Glacial Gold ranks as the top softgel brand in Alberta and BC (Aug-Nov 2024) and among the top 5 in Ontario.
The company is also expanding distribution in prairie provinces through Lineage Distribution and has scheduled its annual general meeting for January 30th, 2025, in Vancouver.
Nextleaf Solutions (CSE: OILS) (OTCQB: OILFF) has launched an innovative virtual tour of their Coquitlam B.C. processing facility, showcasing their multi-patented extraction technology. The on-demand, self-guided, 4-part tour was made possible by a grant from the Canadian Digital Adoption Program (CDAP). It offers unprecedented transparency in cannabis processing with user-navigated content.
The tour includes 360-degree video at four stops: Primary Extraction, Distillation, Manufacturing, and The Vault. Each stop features additional embedded educational videos. The specialized footage was created by Ben Taft, Founder of 360 Immersion. Nextleaf aims to build trust and legitimacy in the cannabis industry through this initiative.
The company has been integrating digital adoption strategies across its operations, including investments in ERP software and an EQMS system for quality assurance, to support operational effectiveness and future growth.
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) has announced the permanent appointment of Emma Andrews as Chief Executive Officer. Andrews has been with the company for 6 years, previously serving as Director of Marketing and most recently as Interim CEO since September 8, 2023. The Board of Directors expressed confidence in Andrews' leadership, citing her contributions to refining the company's vision, enhancing culture, and delivering record revenue while maintaining a debt-free and cash-flow positive business.
Dr. Sherry Boodram, an Independent Director for the past 5 years, voiced strong support for Andrews' appointment, highlighting her lasting impact on the company. Nextleaf Solutions, described as a leading life science firm and licensed cannabis processor, continues to operate under Andrews' guidance.
Nextleaf Solutions (CSE: OILS) (OTCQB: OILFF) reported strong financial results for Q3 FY2024 ending June 30th, 2024. The company achieved gross revenue of $4,012,000, a 50% year-over-year increase, and net revenue of $3,050,508, representing 37% growth. Nextleaf maintained its debt-free status and reported an Adjusted EBITDA of $725,339 for the nine months ended Q3 FY2024.
Key highlights include:
- Gross margin of 29% in Q3 FY2024
- Launch of 10 new products across various categories
- Maintained top positions for Glacial Gold softgels in British Columbia
- Record sales in Ontario and Alberta
The company's Q4 FY2024 outlook focuses on new product launches, inventory building, infrastructure upgrades, and enhanced marketing initiatives.
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