Ms. Emma Andrews reports

NEXTLEAF PROVIDES UPDATE ON EXECUTIVE LEADERSHIP, AND BOARD OF DIRECTORS

Nextleaf Solutions Ltd. has provided update on executive leadership and the board of directors.

Executive officer update

Nextleaf has added Sam Kassem, CFA, BBA, to its executive team as interim chief financial officer.

As the incoming chief financial officer (CFO), Mr. Kassem is skilled at streamlining financial processes, implementing effective cash flow management strategies, and improving operational efficiencies that translate into revenue and operational enhancements. Mr. Kassem has been involved in the cannabis industry for 10 years. He has worked with cultivators and processors and has helped build a leading technology provider in the space.

Kevin Keagan will transition out of his role as CFO as of Sept. 27, 2023. Nextleaf would like to acknowledge Mr. Keagan's service and involvement with the company since April, 2022. Mr. Keagan remains a member of the board of directors.

Board of directors update

Nextleaf is also pleased to announce that it has added Emma Andrews, interim chief executive officer, to its board of directors, effective Sept. 27, 2023.

"Our recent appointments represent our commitment to the trajectory ahead in consumer packaged goods and cannabis processing," says Ms. Andrews. "After a deep history with the company, including our go-public strategy and initial entry into branded products, I'm confident we are assembling the team and capabilities needed to support our sustained, ongoing growth," says Ms Andrews.

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 Vancouver-based company sells its branded products to government distributors and authorized retailers in four provinces in Canada. Nextleaf Labs is a low-cost producer of cannabis oils, and supplier of tetrahydrocannabinol and cannbidiol to qualified wholesale partners across Canada and internationally. Nextleaf's patented ingredient processing technology transforms unsold cannabis and hemp biomass into high-purity distillate at an industrial scale. The company has been issued 15 U.S. patents, and 75 patents globally, on cannabinoid processing including extraction, distillation and acetylation.