Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (“Nextleaf”, “OILS”, or the “Company”), a federally regulated cannabis oil producer that owns one of the largest portfolios of U.S. patents for the extraction, distillation, and delivery of cannabinoids, released restated Q3 financials today. Subsequent to the filing of the financial statements and management’s discussion and analysis for the three and nine month period ended June 30, 2021, the Company identified calculation and input errors which have been corrected in the amended and restated financial statements and management’s discussion and analysis. The Company notes that the restatement has minimal bearing on the historical and ongoing operating performance of the Company.
The Company is pleased to provide the following highlights of its financial results:
- Bulk cannabis distillate sales for the year-to-date exceeded $2.00MM during the period.
- Bulk cannabis distillate sales increased over 500% quarter over quarter to $656,000.
- Onboarded and supplied bulk CBD distillate to a Nasdaq-listed global cannabis company.
- Onboarded and supplied bulk THC distillate to one of the top selling vape brands nationally.
- Received seven initial SKU listings and first purchase order from the province of British Columbia for Glacial Gold THC and CBD vape and ingestible oil products.
- Revenues from the Company’s initial order from the BC Liquor Distribution Branch are expected to be realized in the Company’s fourth quarter.
Q3...
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