Nextleaf Shares Commercial Update Featuring Market Expansion Through Entry into Province of Quebec

Rhea-AI Summary

Nextleaf Solutions (OILFF) has announced a significant market expansion with 20 new product listings across Canada, including its first entry into Quebec. The company will launch new products under its Glacial Gold brand across four categories: vapes, softgels, oils, and infused prerolls, with all products set to launch by June 2025. Nearly half of the new products contain minor cannabinoids CBG or CBN. The expansion includes 5 new listings in British Columbia, 8 in Alberta, 6 in Ontario, and 1 in Quebec. For Quebec entry, Nextleaf has partnered with Quebec Craft Cannabis for distribution, targeting the province's $662 million cannabis market. The company has also issued 1,418,182 common shares at $0.055 per share to employees as part of their equity compensation strategy.

Positive

• Market expansion into Quebec, Canada's second-largest province by population
• 20 new product listings across 4 major categories showing product line growth
• Strategic partnership with Quebec Craft Cannabis for distribution
• Innovation in product development with CBG and CBN cannabinoid formulations
• Employee alignment with shareholder interests through equity compensation

Negative

• Share dilution through issuance of 1.4M new common shares
• Limited initial presence in Quebec with only one product listing

Vancouver, British Columbia--(Newsfile Corp. - May 15, 2025) - Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) ("Nextleaf", "OILS", or the "Company"), an innovation-driven life sciences company and licensed cannabis processor, is excited to share a commercial update including 20 new product listings in major markets nationally across 4 categories. This includes the Company's initial entry into branded product sales in the province of Quebec.

New Products and Innovation

Nextleaf is pleased to announce 20 new listings in major markets under their acclaimed flagship brand Glacial Gold, across 4 categories including vapes, softgels, oils, and infused prerolls. All products mentioned will launch into their respective markets by June 2025.

The listings represent the Company's continued dominance in wellness-forward non-combustible formats such as softgels and bottled oils, their ability to deliver best-in-class value through high volume and high potency formats, and an emphasis on flavour and hardware innovation within the vape category. Notably, Glacial Gold has expanded deeper into minor cannabinoid formulations, with nearly half of new product listings containing CBG or CBN.

"I'm excited about the shift in trends we are noticing, including the groundswell from retailers and consumers seeking a more nuanced cannabis experience and diverse product selection, all the way up to the provincial authorities taking a chance on formulations that are currently under-indexed in the market," shares Emma Andrews, Nextleaf CEO.

"We are intentionally very nimble with our product development process to capitalize on speed-to-market advantage, and we can evolve easily to meet demand through our in-house ingredient processing lab. Our multi-patented extraction process allows us to formulate with precision and offer truly tailored solutions for gaps we see in the market," Andrews continues.

Glacial Gold by Nextleaf Labs, (Selected) Product Listings in Market by June 2025

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Provincial Product Listings

British Columbia (5 new listings):
High THC Banger Infused Pre-roll 3x0.5g
High THC Banger Cherry Bomb Infused Pre-roll 3x0.5g
Atmosphere Twisted Citrus Vape Cartridge 1.2g
Anytime 1:1 Honey Dewcumber AIO Vape 1g
Liquid Diamonds Atomic Blueberry AIO Vape 0.95g

Alberta (8 new listings):
HIGH THC Banger Cherry Bomb AIO Vape 1g
Anytime 1:1 Honey Dewcumber AIO Vape 1g
Liquid Diamonds Pure Diamonds AIO Vape 0.95g
Liquid Diamonds Atomic Blueberry AIO Vape 0.95g
CBN:CBD 10:10 Softgels 50-pack
CBN:CBD 10:10 Softgels 100-pack
Atmosphere CBN:THC Oil Drops 35ml
Atmosphere CBG:THC Oil Drops 35ml

Ontario (6 new listings):
HIGH THC Banger AIO Vape 1g
HIGH THC Banger Cherry Bomb AIO Vape 1g
Atmosphere CBN:THC Tart Cherry Vape Cartridge 1.2g
RSO Full Spectrum 5:5 Softgels 100-pack
Atmosphere CBN:THC Oil Drops 35ml
Elements CBG:CBD Oil Drops 35ml

Quebec (1 new listing):
MAX Équilibre 1000:1000 Huile 35ml

Quebec Market Expansion

Nextleaf is pleased to announce their initial market entry into the province of Quebec with their inaugural product, a high potency, balanced THC:CBD Oil (MAX Équilibre 1000:1000 Huile 35ml) under their brand Glacial Gold. Available exclusively online at sqdc.ca offering direct to-your-door delivery.

The Company has partnered with Quebec Craft Cannabis for distribution and representation within the province. "Glacial Gold products complement our intentionally curated craft flower assortment, through an emphasis on quality, value, and brand integrit," shares Phillipe Depault, Founder of Quebec Craft Cannabis. "There's a formidable foundation behind every listing in Quebec, and we have a bold vision for where we will grow from here," Depault continues.

"Building on long-standing relationships and a shared value-set, there's an authentic synergy working with Quebec Craft Cannabis," shares Nextleaf CEO Emma Andrews. "The Province of Quebec represents a meaningful opportunity for us."

Quebec government-run retail stores and e-commerce generated $662 million in revenue from cannabis sales in fiscal 2024 and is the second largest province by population.

Share Issuance

As part of the Company's ongoing employee equity compensation and retention strategy, Nextleaf has issued 1,418,182 common shares at a price per share $0.055 to employees. This is in recognition of performance and to align employee interests with long-term shareholder value.

About Nextleaf Solutions Ltd.

Nextleaf® is an innovation-driven life science company, and licensed cannabis processor 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 branded products and ingredients are sold through both medical and recreational channels. Featuring the acclaimed brand Glacial Gold, leading multiple categories nationally, including cannabis softgels, vapes, and oils.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252198

FAQ

What new products is Nextleaf (OILFF) launching in 2025?

Nextleaf is launching 20 new products across vapes, softgels, oils, and infused prerolls under their Glacial Gold brand. These include 5 listings in BC, 8 in Alberta, 6 in Ontario, and 1 in Quebec, all launching by June 2025.

How is Nextleaf (OILFF) entering the Quebec cannabis market?

Nextleaf is entering Quebec through a partnership with Quebec Craft Cannabis, initially launching a high-potency balanced THC:CBD Oil (MAX Équilibre 1000:1000 Huile 35ml) available exclusively on sqdc.ca.

What is unique about Nextleaf's (OILFF) new product formulations?

Nearly half of Nextleaf's new product listings contain minor cannabinoids CBG or CBN, reflecting their focus on innovative formulations and wellness-forward non-combustible formats.

How many shares did Nextleaf (OILFF) issue to employees in May 2025?

Nextleaf issued 1,418,182 common shares at $0.055 per share to employees as part of their equity compensation and retention strategy.

What is the size of Quebec's cannabis market that Nextleaf (OILFF) is entering?

Quebec's government-run cannabis retail stores and e-commerce generated $662 million in revenue from cannabis sales in fiscal 2024.