OILFF - Nextleaf's Alberta Debut Results In 170% YoY Net Revenue Surge In Q1 Here's What's Next For The Cannabis Co. | Benzinga
Nextleaf Solutions Ltd. (CSE:OILS) (OTCQB:OILFF) (FSE: L0MA) a biotech firm and cannabis processor reported its first quarter financial results Friday for the three months ended Dec. 31, 2023.
The British Columbia-based company reported a 170% year-over-year increase in net revenue to CA$3.2 million ($2.4 million) in the first quarter, marking its highest gross sales period, the company reported in a press release.
Emma Andrews, who became Nextleaf's interim CEO in September praised the company's performance.
"This was my first full quarter as interim CEO, so I spent time visiting retailers in Alberta to support our Company’s launch," Andrews said. "It was gratifying to see first-hand how the products are gaining immediate traction and how the value proposition is resonating early on with retailers, particularly with our softgel SKUs.”
The Nextleaf’s house brands, including acclaimed legacy-to-legal brand Glacial Gold and High Plains Cannabis, launched in Alberta two ...