OILFF - Nextleaf's Q2 Net Revenue Up 57% YoY Reports Growth Across 'Key Categories' | Benzinga
Cannabis processor Nextleaf Solutions Ltd. (CSE:OILS) (OTCQB:OILFF) (FSE: L0MA) reported its financial results on Wednesday for the second quarter ended March 31, 2024.
The Vancouver-based company said it has achieved 7% sequential and 57% year-over-year revenue growth, hitting a record CA$3.4 million ($2.5 million) in net revenue.
“We have been diligently focused on executing our commercialization roadmap and product pipeline throughout this past quarter," Emma Andrews, the company's interim CEO said. "We’ve made strategic investments into building up our inventory to strengthen our position, boost commercialization efforts, and expand territory sales. We’re excited about the growth we’re seeing across our key categories, and we are motivated to continue setting the standard for unparalleled value.”
Q2 2024 Financial Highlights
- Gross ...