11:20:30 EDT Fri 09 Jun 2023
Enter Symbol
or Name

Nextleaf Solutions Ltd
Symbol OILS
Shares Issued 142,486,657
Close 2022-12-06 C$ 0.065
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Nextleaf delivers vape cartridges to Noya Cannabis

2022-12-06 12:55 ET - News Release

Mr. Paul Pedersen reports


Nextleaf Solutions Ltd. has delivered custom-manufactured vape cartridges to Noya Cannabis Inc. for the Canadian launch of Cookies C branded vapes.

Nextleaf is powering Noya's launch of C branded vape cartridges with four unique flavours formulated with high-potency distillate produced by Nextleaf's patented ingredient processing technology. C branded vape cartridges are launching first in Ontario, Canada's largest adult-use cannabis market, this fall.

"The Noya team has shown an acute eye for identifying powerful brands and have done an excellent job delivering quality flower-based products to market. Naturally, we are excited to leverage the Nextleaf advantage to help power Noya's C branded vapes in Canada," said Ryan Ko, Nextleaf co-founder and vice-president of innovation and technology.

"Nextleaf is one of the best extractors and cannabis 2.0 product manufacturers in the country," said Ziad Reda, chief executive officer of Noya. "Their technology and expertise made it an easy decision for us to partner with them for our vape carts rollout."

Noya holds the exclusive rights to premium international brands such as Cookies, Lemonnade, Minntz and more. With a powerhouse portfolio of brands controlled by Noya, Nextleaf believes Noya is a perfect partner for its B2B (business-to-business) service platform.

Nextleaf issues shares

Nextleaf has issued 100,000 common shares at a deemed price of eight cents per share for partial conversion of the senior secured convertible note.

About Nextleaf Solutions Ltd.

Nextleaf is a federally regulated manufacturer and distributor of cannabis vapes and oils under its award-winning prohibition-era brand, Glacial Gold. The company sells its branded products through authorized distributors and retailers in four provinces in Canada. Nextleaf is a low-cost producer of cannabis oils and a supplier of THC (tetrahydrocannabinol) and CBD (cannabidiol) ingredients to qualified wholesale partners across Canada. The company's multipatented ingredient processing technology transforms cannabis and hemp biomass into high-purity distillate at an industrial scale. The company has been issued 19 U.S. patents and 100 patents globally on cannabinoid processing, including extraction, distillation and acetylation. Nextleaf develops cannabinoid-based formulations and delivery technology through its Health Canada research licence with sensory evaluation of cannabis through human testing.

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.

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