Ms. Emma Andrews reports

NEXTLEAF EVOLVES GLACIAL GOLD, BUILDING TRUST WITH WELLNESS CONSUMERS

Nextleaf Solutions Ltd. has noted the evolution of Glacial Gold, the company's flagship consumer cannabis brand.

The most significant evolution in Glacial Gold's history, a milestone that reflects Nextleaf's continued development into a consumer packaged goods (CPG) company. It reinforces the company's long-term commitment to serving Canada's growing community of health-conscious wellness consumers through clean, all-natural, non-combustible cannabis products designed for everyday routines.

Informed by category analysis, consumer insights, adjacent wellness trends, retail feedback and evolving purchase behaviours, the refreshed Glacial Gold platform spans portfolio refinement, product innovation, packaging, merchandising, digital experience and education. It represents a deliberate investment in brand equity and consumer trust.

Purchase drivers amongst wellness consumers

As Canada's cannabis industry continues to mature, consumers are looking beyond potency alone and toward products that consistently deliver quality, transparency, clean ingredients and meaningful value.

Health Canada's 2024 Canadian Cannabis Survey reported:

• THC-predominant use has remained essentially unchanged since 2019, at 35 per cent;
• CBD-predominant use increased from 13 per cent to 19 per cent over the same period.

Nextleaf reads these results as evidence that consumer preferences continue to diversify beyond THC alone, with growing interest in CBD-focused products and more balanced cannabinoid profiles. At the same time, wellness consumers are incorporating cannabinoid products into everyday routines built around therapeutic need -- states such as better sleep, pain management, recovery from injury and athletics, and balanced mood.

Nextleaf believes this expanding preference for all-natural health and wellness options that extend beyond intoxication represents one of the most significant long-term opportunities in the global cannabis market.

Evolution of Glacial Gold

The evolution of Glacial Gold spans product, customer experience and brand identity:

• Portfolio refinement focused on value-driven, non-combustible formats, including high-potency oils, soft gels and vape products;
• Expanded innovation centred on balanced formulations and minor cannabinoids, including CBG, CBN and ratio-based products;
• A refreshed visual merchandising identity and modernized packaging designed to improve shelf presence, brand awareness and product selection;
• An enhanced website with expanded education and improved navigation;
• Greater transparency around formulation, ingredient quality and Nextleaf's cannabinoid processing expertise.

These enhancements are designed to deliver a trusted and engaging consumer experience, while strengthening Glacial Gold's position with retailers, provincial distributors and commercial partners across Canada.

Built on proven momentum

The evolution of Glacial Gold builds on an established foundation of category leadership and consumer trust, including:

• Ranked No. 1 or No. 2 among Canada's capsule (soft gel) producers in every month since December, 2024, a 19-month run confirmed on both estimated and directly tracked retail data, including the No. 1 position in British Columbia, where Glacial Gold holds a 63-per-cent capsule share.
• The company's capsule (softgel) retail sales grew 10 per cent year over year on a trailing-12-month basis, against a national capsule category that contracted 12 per cent over the same period, lifting Glacial Gold's national capsule share to nearly 20 per cent in June, 2026.
• Ranked No. 3 nationally in ingestible extracts, the combined capsule (soft gel) and oil formats, with an approximately 13-per-cent national share.5
• Canada's deepest capsule (soft gel) retail distribution: an estimated 5,400+ retail listings in June, 2026, more than any other licensed producer, and on shelf in 44 per cent of Canadian stores that carry the category.
• Carried in more than 1,700 retail stores across six provinces, including 82 retail chains that stock Nextleaf in every one of their locations.
• Canada's only dedicated CBD-ratio vape line, leading the CBD-forward and balanced (1:1) vape segment with 12 SKUs (stock-keeping units); no other brand offers more than two.
• Gross margin of 38.0 per cent in Q2 FY2026, held against 38.3 per cent a year earlier through industry-wide price compression.

"Consumers are becoming more intentional about the products they incorporate into their everyday routines. They're looking beyond potency alone; toward brands they can trust. For Glacial Gold, this means consistent quality, transparency, clean ingredients, value and efficacy," said Emma Andrews, chief executive officer of Nextleaf. "The evolution of Glacial Gold reflects our commitment to meeting those expectations while continuing to set the standard at the intersection of cannabis and wellness."

A consumer brand platform for long-term, sustainable growth

The evolution of Glacial Gold builds on years of disciplined capital allocation across formulation science, advanced cannabinoid processing, category and consumer insights, and commercial execution. Together, these capabilities create a consumer platform that is difficult to replicate, and they position Nextleaf to deliver trusted quality and meaningful value for wellness consumers through Glacial Gold.

"The global cannabis industry won't be defined by who can produce the lowest-cost cannabinoids," added Ms. Andrews. "It will be defined by the brands that earn a trusted place in consumers' everyday routines."

Throughout the summer of 2026, consumers and retail partners will see the evolution of Glacial Gold come to life through refreshed packaging, new product introductions and enhanced merchandising programs.

While reinforcing Glacial Gold's standing with wellness consumers in Canada today, this evolution also establishes a consumer brand platform built to support future innovation and commercial expansion as legal cannabis markets mature globally.

The refreshed brand experience is available on-line.

About Nextleaf Solutions Ltd.

Nextleaf is a Canadian, federally licensed cannabis processor and life science company, delivering a portfolio of high-purity cannabinoid ingredients and branded derivative products at scale.

As a total quality producer, Nextleaf maintains end-to-end controls and oversight across sourcing, extraction, distillation, formulation and finished goods through a multipatented, highly automated, closed-loop system. Nextleaf holds 19 United States patents and over 75 patents globally covering advanced cannabinoid processing, including extraction, distillation and acetylation.

Nextleaf's house of brands includes a range of value-driven and soft-premium offerings through category-leading flagship brand Glacial Gold, High Plains Cannabis and recently launched Yard Cannabis. Distributed coast-to-coast across medical and recreational channels, with an emerging niche amongst wellness consumers, Nextleaf's portfolio includes good-manufacturing-practice-compliant and export-ready pharma-grade ingredients and products.

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