share_log

Nextleaf Solutions Touts Positive Trends In Gross Margin, Posts $1.15M In Q1 Revenue

Benzinga Real-time News ·  Mar 1, 2022 22:30

Cannabis companyNextleaf Solutions Ltd.(CSE:OILS) (OTCQB:OILFF) (FSE: L0MA) announcedbusiness and financial results for its first quarter fiscal 2022 period ended December 31, 2021.

Q1 2022 Business Highlights

The companyearned processing revenues from cannabis concentrate and branded product sales of approximately $1.15 million,with agross margin of approximately 30%.

  • Nextleaf became atop-10 supplier of cannabis oils and vapes in British Columbia.
  • Established distribution of Glacial Gold branded productsinto three provincial adult-use markets and nationally for medical cannabis patients.
  • Established a commercial supply partnership with a Nasdaq-listed global cannabis company, with Nextleaf supplying THC ingredients to power the partner's...
Login or create a forever free account to read this news
Sign up/Log in
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment