Vancouver, British Columbia – November 16, 2022 (Newsfile Corp.) (Investorideas.com Newswire) Nextleaf Options Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) (“Nextleaf” or the “Firm”), a federally regulated producer and distributor of hashish extracts, is happy to announce its entry into the Newfoundland and Labrador market by way of a strategic partnership with Atlantic Cultivation Inc. (“Atlantic”).
Nextleaf is supplying Atlantic with semi-finished items to energy a number of distinctive merchandise below their Crooked Dory model. The preliminary order of hashish extracts has been shipped to Atlantic, with Crooked Dory merchandise accessible now within the Newfoundland and Labrador market.
“We’re excited to help Atlantic’s genuine Newfoundland manufacturers by supplying hashish oils, extracts, and know-how,” mentioned Nextleaf Co-Founder and CEO, Paul Pedersen. “Atlantic is presently the #1 hashish distributor within the Newfoundland and Labrador market, with unimaginable manufacturers and infrastructure to provide and distribute merchandise that delight customers.”
“Atlantic could be very excited to associate with and supply Nextleaf processed merchandise throughout Newfoundland and Labrador. Nextleaf’s high quality and processing effectivity permit us to supply distinctive high quality merchandise on the lowest costs within the province. We’re proud to have their merchandise turn into a staple providing in our wholly owned retail chain,” mentioned Atlantic Founder and COO Chris Crosbie.
In response to the latest information accessible from the Newfoundland and Labrador Liquor Company (“NLC”), annual gross sales of hashish is rising quickly at a double-digit progress charge throughout the area. The NLC reported whole retail hashish gross sales elevated by 17.2% for a complete of over $61 million for its fiscal yr 2022.1
Together with its direct supply distribution platform to licensed hashish retailers, Atlantic operates eight retail areas all through Newfoundland and Labrador.
About Atlantic Cultivation Inc.
Atlantic Cultivation Inc. is owned by a staff of Newfoundlanders and Labradorians that believes in providing nice high quality hashish to the individuals in Newfoundland and Labrador and all through the nation. We have now created an incredible staff obsessive about High quality, Group and Enjoyable. Our hashish cultivation and processing facility is in St. John’s, NL. We additionally personal and function Atlantic Hashish retail areas throughout the province. Go to certainly one of our areas to seek out thrilling hashish merchandise from us and our companions.
About Nextleaf Options Ltd.
Nextleaf® is a federally regulated producer and distributor of hashish vapes and oils below its award-winning prohibition-era model, Glacial Gold™. The Firm presently sells its branded merchandise by way of licensed distributors and retailers in 4 provinces in Canada. Nextleaf is a low-cost producer of hashish oils, and provider of THC and CBD components to certified wholesale companions throughout Canada. The Firm’s multi-patented ingredient processing know-how transforms hashish and hemp biomass into high-purity distillate at an industrial scale. The Firm has been issued 19 U.S. patents, and over 100 patents globally, on cannabinoid processing together with extraction, distillation and acetylation. Nextleaf develops cannabinoid-based formulations and supply know-how by way of its Well being Canada Analysis Licence with sensory analysis of hashish through human testing. For extra data go to www.nextleafsolutions.com and www.Glacial.Gold
Nextleaf trades as OILS on the Canadian Securities Change, OILFF on the OTCQB Market in america, and L0MA on the Frankfurt Inventory Change.
Jason McBride, Company Improvement
604-283-2301 (ext. 219)
[email protected]
On behalf of the Board of Administrators of the Firm,
Paul Pedersen, CEO
Sure statements contained on this press launch represent “forward-looking statements” throughout the that means of relevant securities legal guidelines. All statements apart from statements of historic truth contained on this press launch, together with, with out limitation, statements concerning the Firm’s anticipated supply of its merchandise to provincial markets throughout Canada and people concerning the Firm’s technique, plans, goals, objectives and targets, and any statements preceded by, adopted by or that embrace the phrases “imagine”, “anticipate”, “intention”, “intend”, “plan”, “proceed”, “will”, “could”, “would”, “anticipate”, “estimate”, “forecast”, “predict”, “challenge”, “search”, “ought to” or comparable expressions or the unfavourable thereof, are forward-looking statements. These statements aren’t historic info however as an alternative signify solely the Firm’s expectations, estimates and projections concerning future occasions. These statements aren’t ensures of future efficiency and contain assumptions, dangers and uncertainties which are troublesome to foretell. Subsequently, precise outcomes could differ materially from what’s expressed, implied or forecasted in such forward-looking statements. Extra elements that might trigger precise outcomes, efficiency or achievements to vary materially embrace, however aren’t restricted to the chance elements mentioned within the Firm’s MD&A for the latest fiscal interval. Administration offers 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 elements contained herein, and there might be no assurance that the precise outcomes or developments will probably be realized or, even when considerably realized, that they’ll 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 replicate subsequent data, occasions or circumstances or in any other case, besides as required by regulation. The Canadian Securities Change has not reviewed or accredited the contents of this press launch.
1 https://www.nlliquorcorp.com/about-newfoundland-labrador-liquor-corporation/news-releases/302-newfoundland-and-labrador-liquor-corporation-nlc-announces-fourth-quarter-q4-performance
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