Ms. Emma Andrews reports

NEXTLEAF SOLUTIONS ANNOUNCES NEW PRODUCT LAUNCHES ACROSS CORE RECREATIONAL CANNABIS CATEGORIES, ALONGSIDE NATIONAL BRAND ACTIVATIONS FOR ACCLAIMED LEGACY-TO-LEGAL BRAND GLACIAL GOLD

Nextleaf Solutions Ltd. has discussed its latest lineup of product launches in advance of 4/20, a commemorative day within the cannabis community worldwide. In celebration, the company is also pleased to debut a series of innovative national brand activations for its acclaimed legacy-to-legal brand Glacial Gold.

The spirit of 4/20 (acknowledged globally on April 20) recognizes the decades of advocacy efforts leading to legalization and destigmatization of the plant and its derivatives.

Established in 2015, Glacial Gold is a uniquely authentic brand in the now federally regulated Canadian adult-use and medical channels. With roots in the prelegalization era, Glacial Gold is a brand nostalgically celebrated amongst budtenders and consumers who recognize its long-standing history and have become early adopters and influencers in the legal landscape.

Product launches

In keeping with the company's commitment to rapid innovation and speed-to-market advantage, the company will debut a series of product launches throughout all major adult-use markets, including vapes, softgels, infused prerolls and oils throughout their third quarter (April to June), including:

Vapes

• MAX THC Kush Mintz 1.2g Hybrid Vape (now available in British Columbia);
• MAX THC Blueberry Dream 1g Hybrid Vape (now available in B.C. and Alberta);
• MAX THC Grape Escape 1.2g Sativa Vape (available in Ontario June, 2024);
• High THC Berry Blotto 1g Vape (now available in B.C.);
• HIGH THC Banger Vape 1g (now available in Ontario).

Softgels

• CBD 50 10-pack (now available in B.C.);
• CBD 50 100-pack (now available in Alberta and Ontario);
• Balanced 10:10 10-pack (now available in B.C. and ON);
• Balanced 10:10 100-pack (now available in Alberta and Ontario).

Infused prerolls

• MAX THC Double D Cherry KO Infused Prerolls 3 x 0.7g (now available in B.C., Alberta and Ontario);
• 1000mg Triple Infused Pink Kryptonite Infused Prerolls 3 x 0.7g (available in Ontario June, 2024).

Oils

• 2000mg Balanced Oil Drops, 35ml (available in Ontario June, 2024).

Brand activations

To complement a steady stream of upcoming product launches and in advance of the 10-year anniversary of Glacial Gold's brand launch, Nextleaf is pleased to share the national rollout of its successful Glacial Cones shaved ice experience. A one-of-a-kind experiential marketing activation featuring the company's top-selling vape flavours from Glacial Gold such as Fuzzy Mango, Cherry K.O (Cola), Blueberry Dream and Berry Blotto non-infused syrups served on ice.

Glacial Gold recently debuted the concept to positive reviews at KIND Gardens, a budtender focused event in Vancouver on April 11 and will further expand the concept throughout Alberta and Ontario later this spring and summer through a series of retail and consumer activations.

"Identifying compliant but compelling marketing activations is an industry-wide challenge. Working within the regulations, our team is constantly looking for ways to deliver a memorable brand experience in an economical and captivating way. We are hyperfocused on delivering ROI, and creating customer delight is a cornerstone of our marketing efforts. Personally, taking part in the debut of our 'Glacial Cones' shaved ice experience affirmed that we hit the mark with this concept, and I witnessed first-hand the resonance with retailers and consumers," shares Emma Andrews, interim chief executive officer.

Warrants

Nextleaf is pleased to highlight the continued robust support from existing warrant and equity holders. In 2024, 4,675,000 existing warrants to purchase common shares priced at eight cents per share have been voluntarily exercised, approximately 3.5 years before their maturity. The proceeds provide additional growth capital to support Nextleaf's continued national expansion and revenue growth.

Nextleaf has issued an aggregate of 3,675,000 warrants to purchase up to 3,675,000 common shares with an exercise price of 14 cents per share.

About Nextleaf Solutions Ltd.

Nextleaf is an innovative cannabis processor with a portfolio of federally regulated emerging consumer brands, market-validated cannabis derivative products, and high-purity and high-potency bulk ingredients. Nextleaf's multipatented, highly automated, closed loop extraction and distillation technology sets the global standard for processing cannabis at scale.

The company currently manufactures over 80 different products, across four categories for white label clients and house brands. Formulated products and bulk ingredients are sold domestically to B2B (business-to-business) partners and exported to applicable international jurisdictions.

With coast-to-coast distribution, Nextleaf brands are sold through both medical and recreational channels and includes acclaimed legacy-era brand Glacial Gold, offering unparalleled value through high-purity and high-potency vapes, oils, softgels and infused prerolls. Glacial Gold is quickly becoming Canada's go-to brand for value and variety. Additionally, newcomer High Plains Cannabis offers a broader assortment of cannabinoids and plant compounds, reaching additional market segments.

Nextleaf's commitment to rapid innovation, and speed-to-market advantage is guided by their team's unique depth of industry experience, complemented by its Health Canada research licence allowing for unique sensory evaluation of cannabis via human trials, and rapid prototyping. The company has been issued 19 U.S. patents, and 75-plus patents globally, on cannabinoid processing including extraction, distillation and acetylation, making them the most innovative cannabis refinery worldwide.

We seek Safe Harbor.