NextLeaf Is Firing On All Cylinders
Nextleaf Solutions Ltd. (CSE: OILS, OTCQB: OILFF, FSE: L0MA) seems to be pressing the gas pedal on innovation, announcing a dozen new product listings across five categories, and just to keep things interesting, they’ve permanently appointed a new CFO, Sam Kassem. It’s like they decided to throw a party and invited everyone.
First up, the products. Between September 2024 and early 2025, Nextleaf plans to launch 12 new products, adding to their existing lineup of 40 items that already have nationwide distribution. Among the highlights is their foray into the minor cannabinoid market with two new CBN softgel SKUs. For those not in the know, CBN is often called the “melatonin” of cannabis—perfect for those who want their nightcap to be a bit more… herbal.
But wait, there’s more! Nextleaf is also diving into the world of Rick Simpson Oil (RSO), a high-potency, full-spectrum extract that’s been popular since the prohibition era. By processing their own RSO ingredients in-house for Glacial Gold and commercial partners, they’re keeping things tight and efficient—much like their extraction processes.
Not stopping there, the company is also rolling out four all-in-one vape products with built-in rechargeable batteries. Chris Andrews, VP of Commercialization, notes that “convenience is consistently a dominant purchase driver for consumers.” No kidding, Chris. In a world where people expect drones to deliver their pizza, a ready-to-use vape seems like a no-brainer.
The new products will be hitting shelves in Ontario, Alberta, and British Columbia, with listings like Glacial Gold’s Atmosphere Twisted Citrus Vape 2g and Miracle Valley’s Crafty Cuts Dried Flower 7g. It’s a smorgasbord of options for the discerning consumer.
On the brand performance front, Glacial Gold has been making waves. According to Headset Sales Data from September 2024, it’s the number one softgel brand in Western Canada, outpacing competitors in both SKU performance and volume of offerings. Emma Andrews, CEO, is enthusiastic about steering consumption trends and being category leaders. “Our capabilities are well positioned to capitalize on the opportunity,” she says. Confidence is key, Emma.
Their recent appearance at the KIND Summer Fair in Toronto didn’t go unnoticed either. Their Glacial Gold ‘Glacial Cones’ and Vape Bar activation was voted the third most mentioned by first-time attendees. Josh Nagel, CEO of KIND Media, quipped, “This is a brand to watch.” High praise, indeed.
Financially speaking, Nextleaf’s aggressive pricing strategy and in-house production of high-purity ingredients have contributed to Glacial Gold’s growing market share. Approximately 70% of their FY 2024 year-to-date revenue was generated through their consumer packaged goods strategy. Emma Andrews sums it up: “Glacial Gold is becoming rapidly known as the go-to brand for value and variety.”
And let’s not forget the new CFO. The board has permanently appointed Sam Kassem, who has been serving as interim CFO since September 2023. With over a decade of experience in the cannabis industry and a knack for streamlining financial processes, Kassem seems poised to help Nextleaf navigate its next phase of growth. Fred Bonner, an independent director, expressed his confidence, highlighting Kassem’s role in guiding the company through a pivotal ERP integration project.
All in all, Nextleaf Solutions appears to be firing on all cylinders—expanding their product lineup, capturing market share, and strengthening their leadership team. Investors might want to keep an eye on this one; it looks like Nextleaf is aiming to be the apple of the cannabis industry’s eye.
