Business
Nextleaf Provides a Commercial Update and Announces an Executive Change
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2023) - Nextleaf Solutions Ltd. ( CS...
About this update from Nextleaf Solutions Ltd.
[{"type":"text","content":"Nextleaf Provides a Commercial Update and Announces an Executive ChangeVancouver, British Columbia--(Newsfile Corp. - September 11, 2023) - Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) (\"Nextleaf\", \"OILS\", or the \"Company\"), a federally regulated manufacturer and distributor of cannabis extracts, provides a commercial update and announcement on a senior management change. The Board of Directors reports the departure of Chief Executive Officer (CEO) Paul Pedersen, and the appointment of Emma Andrews as interim CEO, effective as of September 8, 2023.COMMERCIAL UPDATECommercial Highlights from Q3 2023Profitable quarterSecured debt freePositive YTD 9-month EBITDAGlacial Gold THC 10 Softgels 50-pack is the #1 softgel SKU in BC with 13%+ wholesale market shareGlacial Gold CBD 3:1 Berry Lemonade 1g vape is the top selling CBD vape in BCGlacial Gold is the #2 softgel brand in BCGlacial Gold is the #4 oil/tincture brand in BCGlacial Gold is the #9 vape cart brand in BCLaunched High Plains Live Rosin Blend Vape line in BC, SK, MBLaunched 20+ SKUs into the Manitoba marketCurrent Highlights from Q4 2023Total Current SKU listings of 80+ across Canada (BC, AB, SK, MB, ON, NS) Launching into AB with 7 initial SKUs, and 3 more to follow (10 total)Launch of Glacial Gold THC 10 softgel 100-packs & Balanced 10:10 softgel 50-packsDominating softgel sales in BC with Glacial Gold products ranked top 3 within categoryAggressively expanding softgel SKUs and gaining new distribution points across Canada (BC, AB, SK, MB, ON)4 new products just launched with OCS (Live Rosin Blend vapes, Max Strength CBD 200 Drops, Balanced 10:10 Softgels)EXECUTIVE CHANGENextleaf's Board of Directors has announced the departure of Paul Pedersen from his role as Chief Executive Officer and President, effective September 08, 2023. Pedersen had been Nextleaf's CEO and President since inception and remains on the Board of Directors. The Company is pleased to announce the appointment of Emma Andrews, BA, RHN, NPDP to the role of Interim Chief Executive Officer. Andrews has worked closely with Nextleaf leadership and executive team since the company's origin, most recently as the Director of Marketing she oversaw the company's entry into branded consumer products, and was integral in creating the company's mission, vision, values, and corporate identi...