Cannabis News

CSE:OILS

Nextleaf Solutions

Providing Patented Cannabis Extraction Processing Services

OILS:CC
CSE:OILS

Overview

Nextleaf Solutions Ltd. (CSE:OILS,OTCQB:OILFF,FWB:L0MA) is Canada’s most innovative cannabis extractor, developing technology for extracting and distilling cannabinoids. Nextleaf’s industrial-scale extraction plant in Metro Vancouver has a design capacity to process 600 kg per day of dried cannabis biomass into distilled oils. The company owns a portfolio of over 50 issued patents and over 55 pending patents for the extraction and distillation of cannabinoids. Nextleaf Solutions commercializes its patent portfolio through IP licensing and the wholesale of THC and CBD oils through Nextleaf Labs, a Health Canada licensed standard processor.

Nextleaf Solutions’ Company Highlights:

  • First public company granted a patent for the industrial-scale extraction, refinement and purification of cannabinoids.
  • Health Canada Standard Processing Licence and Research Licence.
  • Two extraction agreements signed in April 2020 to process 25 metric tons of cannabis biomass, equaling less than 15 percent of capacity.
  • Commenced revenue in December 2019 through a patent licensing agreement.
  • Closed oversubscribed $3 Million Non-Brokered Financing in May 2020.
  • Has over 50 issued patents and over 55 pending patents for extracting, purifying and delivering cannabinoids.
  • Intellectual property encompasses the end-to-end process, as well as proprietary pieces of equipment used for the refinement of crude extract and the formulation of purified THC and CBD distillate.
  • Nextleaf has an exclusive technology licensing agreement with BevCanna Enterprises (CSE:BEV), who utilizes the technology to manufacture a range of cannabinoid-infused beverages in their BC bottling facility with an annual capacity of over 30 million bottled beverages. Nextleaf is expected to supply cannabinoids to BevCanna under the agreement.
  • Fully licensed, centralized extraction processing facility, located in Greater Vancouver. 6,540 square foot facility with Phase 1 capacity to process up to 600 kilograms per day of cannabis biomass to high purity distillate.
  • National Research Council Grant through the Industrial Research Assistance Program (IRAP) for the development of unique processing techniques for removing chlorophyll and other impurities from crude oil extracts.
  • Sustainable Development Technology Canada (SDTC) $2.5 million consortium with Terramera for replacing toxic chemical pesticides with pesticides derived from natural products.
  • Natural Science & Engineering Research Council (NSERC) partnership with the University of British Columbia (UBC) and British Columbia Institute of Technology (BCIT), for the development of methods pertaining to repurposing incinerated cannabis waste biomass for industrial construction.
  • Completed bulk sale of premium THC distillate to a BC-based licensed cannabis processor.
  • Signed a cannabis extraction agreement with Eve & Co. (TSXV:EVE, OTCQB:EEVVFF) in November 2020.
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