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

Q1 2022 Business Highlights

The company earned processing revenues from cannabis concentrate and branded product sales of approximately $1.15 million, with a gross margin of approximately 30%.

Nextleaf became a top-10 supplier of cannabis oils and vapes in British Columbia. Established distribution of Glacial Gold branded products into 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...