Get inside Wall Road with StreetInsider Premium. Declare your 1-week free trial right here.
Vancouver, British Columbia–(Newsfile Corp. – November 30, 2021) – Nextleaf Options Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) (“Nextleaf“, “OILS“, or the “Firm“), a federally regulated producer of hashish oil that owns one of many largest portfolios of U.S. patents for the extraction and distillation of cannabinoids, is happy to offer a business replace on its prohibition-era model, Glacial Gold”, together with new merchandise and extra distribution by means of provincial authorities.
Three new Glacial Gold vape SKUs coming to B.C.
To view an enhanced model of this picture, please go to:
New Glacial Gold” Merchandise
Three New Vapes SKUs Permitted in British Columbia
Nextleaf is happy to announce that the British Columbia Liquor and Distribution Department (“LDB“) has authorised three new vape SKUs, together with two new flavours: Sunshine Punch and Glowing Grape. The Firm anticipates the product will launch first within the province of British Columbia (“B.C.“), adopted shortly by Saskatchewan, and nationally for medical hashish sufferers by means of www.Mendocannabis.ca (“Mendo“).
Distilled CBD 100 Oil & Distilled CBD 200 Oil
Glacial Gold” Distilled CBD 200 Oil is a primary in Canada’s adult-use and medical markets, with the best quantity of CBD in a single unit (5700 mg), highest efficiency of CBD accessible in an ingestible oil format (200 mg/g = 20 %), and finest greenback worth per milligram for CBD in Canada.
The Firm has obtained the preliminary buy order for Glacial Gold” Distilled CBD 100 Oil and Distilled CBD 200 Oil, and expects each merchandise to be accessible in December for B.C. and Saskatchewan, in addition to nationally for medical hashish sufferers by means of Mendo.
Glacial Gold” continues to see sturdy sell-through and constant demand inside the first three months in market. The Firm is happy to offer the next key metrics:
- Because the preliminary launch of seven SKUs in September the province has accepted 5 further SKUs for a complete of 12 provincial listings in B.C.
- Over $1,000,000 of wholesale product sales to the province of B.C.
- 2/3 retail penetration charge with Glacial Gold” merchandise already offered in additional than half of B.C.’s 370+ authorities and personal retail areas
- Prime worth THC vape cart in B.C. (Session Vape 1g)
- Prime worth 1:1 vape cart in B.C. (Anytime 1:1 Vape 1g)
- Prime worth CBD oil in B.C. (Distilled CBD 50 Oil 30ml)
- Prime worth 1:1 oil in B.C. (Distilled 30:30 Oil 30ml)
The preliminary vape lineup from Glacial Gold” is obtainable in two efficiency ranges to match the buyer’s tolerance degree or consumption event. The Session THC Vape includes a full efficiency THC profile for hashish fanatics who search a extra elevated expertise and connection. The Anytime 1:1 Vape is formulated with a balanced THC and CBD profile for shoppers searching for a extra average, go-to vape. Flavours embody Glacial Contemporary Mint with refreshing alpine aromas discovered within the B.C. backcountry, and Berry Lemonade, harking back to fresh-picked berries from the Fraser Valley.
Glacial Gold” Distilled CBD 50 Oil, Distilled THC 30 Oil, and Distilled 30:30 Oil function high-purity distillate in a base of natural coconut MCT (medium chain triglycerides) oil for a premium consumption expertise, with out premium pricing. A clear tasting and impartial oil permit for the best flexibility in use and consumption events.
Nextleaf is happy to announce the Firm has been authorised as a vendor with the Nova Scotia Liquor Company (“NSLC“) to produce the province of Nova Scotia with Glacial Gold” CBD and THC merchandise. Nextleaf expects choose merchandise to be accessible in January 2022, additional enhancing model recognition and a longtime nationwide presence with coast-to-coast availability.
Nextleaf is permitted by the Saskatchewan Liquor and Gaming Authority, the provincial regulator liable for allowing and monitoring the operation of native hashish wholesalers and retailers in Saskatchewan, and has a wholesale and distribution settlement with Nationwide Hashish Distribution Inc. (“NCD“), a wholly-owned subsidiary of Kiaro Holdings Corp. (TSXV:KO) (“Kiaro“), for wholesale distribution and provide of Glacial Gold” CBD and THC merchandise within the Province of Saskatchewan. The Firm expects Glacial Gold” merchandise to be accessible in Saskatchewan earlier than the vacations.
Quebec-based Wholesale Associate
Nextleaf is happy to announce 5 Factors Hashish, a number one Quebec-based licensed producer, as its new wholesale associate. 5 Factors Hashish has obtained approval to start business distribution of their CBD dominant and balanced hash merchandise within the Quebec adult-use market. Nextleaf provides 5 Factors Hashish with CBD for formulation into their new hash merchandise.
Nationwide Medical Hashish Market
Glacial Gold” CBD and THC merchandise can be found nationally to medical hashish sufferers by means of Quebec-based www.Mendocannabis.ca. Mendo operates a Well being Canada licensed on-line portal that ships nationwide to medical sufferers and veterans. Nextleaf provides Glacial Gold CBD and THC vapes and distilled oils to Mendo for distribution to their medical hashish shoppers in Quebec and throughout Canada.
Nextleaf is a federally regulated producer of hashish oil that owns one of many largest portfolios of U.S. patents for the extraction and distillation of cannabinoids. Nextleaf distributes hashish vapes and distilled oils underneath its award-winning prohibition-era model, Glacial Gold”, and provides hashish distillate to its wholesale prospects. Nextleaf’s proprietary closed-loop automated extraction plant in Metro Vancouver effectively transforms hashish and hemp grown in B.C. and all through Canada into high-purity hashish distillate at an industrial scale. Nextleaf is growing supply expertise and differentiated cannabinoid-based formulations by means of its Well being Canada Analysis Licence with sensory analysis of hashish by way of human testing. The Firm owns 17 U.S. patents and has been issued 95 patents globally.
Nextleaf Options trades as OILS on the Canadian Securities Alternate, OILFF on the OTCQB Market in the US, and L0MA on the Frankfurt Inventory Alternate.
Comply with the Firm throughout social platforms: Twitter, LinkedIn, Fb, and Instagram.
Comply with Glacial Gold” throughout social platforms: Instagram, Twitter, and Fb. www.Glacial.Gold
For extra data please contact:
Jason McBride, Company Growth
604-283-2301 (ext. 219)
On behalf of the Board of Administrators of the Firm,
Paul Pedersen, CEO
Sure statements contained on this press launch represent “forward-looking statements”. All statements aside from statements of historic truth contained on this press launch, together with, with out limitation, these relating to the Firm’s means to capitalize on its IP portfolio, the Firm’s technique, plans, goals, objectives and targets, and any statements preceded by, adopted by or that embody the phrases “consider”, “anticipate”, “intention”, “intend”, “plan”, “proceed”, “will”, “could”, “would”, “anticipate”, “estimate”, “forecast”, “predict”, “mission”, “search”, “ought to” or related expressions or the adverse thereof, are forward-looking statements. These statements should not historic information however as a substitute symbolize solely the Firm’s expectations, estimates and projections relating to future occasions. These statements should not ensures of future efficiency and contain assumptions, dangers and uncertainties which can be tough to foretell. Due to this fact, precise outcomes could differ materially from what’s expressed, implied or forecasted in such forward-looking statements. Further components that would trigger precise outcomes, efficiency or achievements to vary materially embody, however should not restricted to the chance components mentioned within the Firm’s MD&A for the latest fiscal interval. Administration supplies forward-looking statements as a result of it believes they supply helpful data to traders when contemplating their funding goals and cautions traders to not place undue reliance on forward-looking data. Consequently, the entire forward-looking statements made on this press launch are certified by these cautionary statements and different cautionary statements or components contained herein, and there will be no assurance that the precise outcomes or developments will probably be realized or, even when considerably realized, that they may have the anticipated penalties to, or results on, the Firm. These forward-looking statements are made as of the date of this press launch and the Firm assumes no obligation to replace or revise them to mirror subsequent data, occasions or circumstances or in any other case, besides as required by legislation. The CSE has not reviewed or authorised the contents of this press launch.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/release/105812