Exclusive access to monthly insights from the world’s most innovative cannabis
processor. Join over 7000+ subscribers world-wide.
Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) (“Nextleaf“, “OILS“, or the “Company“), a federally regulated manufacturer and distributor of cannabis extracts, provides a commercial update and announcement on a senior management change. The Board of Directors reports the departure of Chief Executive Officer (CEO) Paul Pedersen, and the appointment of Emma Andrews as interim CEO, effective as of September 8, 2023.
Commercial Highlights from Q3 2023
Current Highlights from Q4 2023
Nextleaf’s Board of Directors has announced the departure of Paul Pedersen from his role as Chief Executive Officer and President, effective September 08, 2023. Pedersen had been Nextleaf’s CEO and President since inception and remains on the Board of Directors.
The Company is pleased to announce the appointment of Emma Andrews, BA, RHN, NPDP to the role of Interim Chief Executive Officer. Andrews has worked closely with Nextleaf leadership and executive team since the company’s origin, most recently as the Director of Marketing she oversaw the company’s entry into branded consumer products, and was integral in creating the company’s mission, vision, values, and corporate identity.
Andrews has held senior management and public company executive officer roles across every vertical in the cannabis industry including cultivation/harvesting, processing, retail, ancillary, and consumer products. This is in addition to over a decade working in the Natural Products Industry to help scale emerging brands into category leaders.
“I am energized and excited to accelerate Nextleaf’s recent performance. The company has achieved some incredible financial milestones, including a profitable Q3 2023, secured debt free position, and a Q3 9-month YTD positive EBITDA. We are in a strategic commercial position to finish the year off strong,” says Andrews.
“We would like to thank Paul Pedersen for his service since the company’s inception. The company is grateful for all his dedication and passion and would like to acknowledge the critical role his contributions have played in our success. Looking ahead, the Leadership Team remains committed to the Company’s commercialization roadmap, continued financial growth, and deepening our operational expertise,” Andrews continues.
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 Company sells its branded products through authorized distributors and retailers in 4 provinces in Canada. Nextleaf is a low-cost producer of cannabis oils, and supplier of THC and CBD ingredients to qualified wholesale partners across Canada. The Company’s multi-patented ingredient processing technology transforms cannabis and hemp biomass into high-purity distillate at an industrial scale. The Company has been issued 19 U.S. patents, and 100 patents globally, on cannabinoid processing including extraction, distillation, and acetylation. Nextleaf develops cannabinoid-based formulations and delivery technology through its Health Canada Research Licence with sensory evaluation of cannabis via human testing. Visit www.nextleafsolutions.com and www.Glacial.Gold
On behalf of the Board of Directors of the Company,
Emma Andrews, CEO
Certain statements contained in this press release constitute “forward-looking statements” within the meaning of applicable securities laws. All statements other than statements of historical fact contained in this press release, including, without limitation, statements regarding the Company’s anticipated delivery of its products to provincial markets across Canada and those regarding the Company’s strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words “believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “may”, “would”, “anticipate”, “estimate”, “forecast”, “predict”, “project”, “seek”, “should” or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company’s MD&A for the most recent fiscal period. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law. The Canadian Securities Exchange has not reviewed or approved the contents of this press release.
Exclusive access to monthly insights from Canada’s most innovative cannabis processor. Join over 7000+ subscribers world-wide!
By selecting yes, I certify that I am of legal age in my jurisdiction to consume cannabis.
INVEST IN THE FUTURE OF CANNABIS