Ms. Emma Andrews reports

NEXTLEAF SHARES A COMMERCIAL UPDATE INCLUDING 14 NEW PRODUCT LISTINGS, AND ANNOUNCES DATE FOR ANNUAL GENERAL MEETING

Nextleaf Solutions Ltd. has discussed 14 new product listings nationally across four categories, and has released the date for the company's annual general meeting, which will be held on Jan. 30, 2025, in Vancouver, B.C.

New products and innovation

Nextleaf is pleased to announce 14 new listings under its flagship brand Glacial Gold, across four categories including vapes, soft gels, oils, and infused prerolls. These listings will launch between January and April, 2025 nationwide.g

The product pipeline focuses on smokeless ingestible extracts such as soft gels and oils, ready-to-consume convenience formats like all-in-one liquid diamond vapes, infused prerolls and minor cannabinoid formulations (notably CBG and CBN) across multiple categories. These products solidify Nextleaf's market leadership in these emerging segments.

"We have earned and established trust over time with provincial distribution boards to be consistently considered for emerging segments like minor cannabinoids, high-potency inputs and smokeless convenience-based formats like all-in-one vapes and soft gels," shares Chris Andrews, vice-president of commercialization.

"We rely on our relationships, reputation and results in-market to gain new listings. Through continual aggressive portfolio optimization, we have been able to identify a proven and lucrative niche for ourselves within the regulatory and compliance framework," Mr. Andrews continues.

Regional product listings

Ontario (four new listings):

• Glacial Gold RSO Full Spectrum 5:5 Softgels 100-pack;
• Glacial Gold Atmosphere Tart Cherry CBN:THC Vape Cartridge 1.2g;
• Glacial Gold Atmosphere CBN:THC 15mg:15mg Oil Drops 35ml;
• Glacial Gold Elements CBG:CBD 15mg:15mg Oil Drops 35ml;

Alberta (four new listings):

• Glacial Gold Liquid Diamonds Pure Diamonds All-in-One Vape 0.95g;
• Glacial Gold HIGH THC Banger Cherry Bomb All-in-One Vape 1g;
• Glacial Gold Atmosphere CBN:THC 15mg:15mg Oil Drops 35ml;
• Glacial Gold Atmosphere CBG:THC 15mg:15mg Oil Drops 35ml.

British Columbia (six new listings):

• Glacial Gold Atmosphere CBN:THC Tart Cherry Vape Cartridge 1.2g;
• Glacial Gold Atmosphere CBG:THC Melon Baller Vape Cartridge 1.2g;
• Glacial Gold Atmosphere CBN:THC Oil Drops 35ml;
• Glacial Gold Liquid Diamonds Pure Diamonds All-in-One Vape 0.95g;
• Glacial Gold HIGH THC Banger Infused Preroll 3 x 0.5g (unflavoured);
• Glacial Gold HIGH THC Banger Cherry Bomb Infused Preroll 3 x 0.5g.

Brand performance and market insights

According to Headset sales data (Dec. 6, 2024), Glacial Gold is consistently ranked as the top soft gel brand in Alberta and British Columbia (August to November, 2024) and within the top five in Ontario. "Glacial Gold has earned its reputation as a reliable option for either experienced cannabis users or those exploring the cannabis landscape," quotes Headset data analytics platform, December, 2024.

The report highlights significant gains in the company's oil category dominance in British Columbia, alongside brand loyalty and a strong growth trend nationally. It highlights growing interest in balanced and minor cannabinoid products, as well as the need for continual innovation within the vape and infused preroll category to remain competitive. The company's recent efforts within the vape and oil category, particularly on minor cannabinoid formulations and convenience-based formats, have been well received by provincial distribution boards nationwide.

"The product landscape is incredibly competitive. We have seen brands rise and fall, and products delisted for non compliance. Trying to opportunistically gain market share through short sighted tactics can erode consumer and shareholder confidence. We are in this for the long run and building a sustainable business. Our success in market is based on integrity and execution. Uncompromising quality, unparalleled value and innovation within the regulatory 'playground' is the leadership and legacy we intend to contribute to the industry," comments Emma Andrews, chief executive officer.

Expansion in Prairie provinces

The company is also expanding its distribution in the prairie provinces by integrating additional partners to service Saskatchewan-based retailers. Lineage Distribution, currently servicing the company in Manitoba and the northern provinces, will now complement the existing distribution network established in Saskatchewan.

Annual general meeting

The company will hold its annual general meeting at 10 a.m. PT, Jan. 30, 2025, at 600-1090 West Georgia St., Vancouver, B.C.

Eligible shareholders can expect to receive the information circular and other meeting materials by mail in due course. The information circular and other meeting materials will also be posted under the company's profile on SEDAR+.

All enquiries about the meeting or shareholder voting eligibility are to be directed to: investors@nextleafsolutions.com.

About Nextleaf Solutions Ltd.

Nextleaf is an innovative cannabis processor and life science firm with a portfolio of federally regulated emerging consumer brands, market-validated cannabis derivative products 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.

With coast-to-coast distribution, Nextleaf brands are sold through both medical and recreational channels, and include acclaimed legacy-era brand Glacial Gold and High Plains Cannabis.

The company has been issued 19 U.S. patents and 75-plus patents globally on cannabinoid processing, including extraction, distillation and acetylation.

We seek Safe Harbor.