Mr. Paul Pedersen reports

NEXTLEAF SOLUTIONS ANNOUNCES PRIVATE PLACEMENT FINANCING

Nextleaf Solutions Ltd. will conduct a non-brokered private placement of units at a price of 40 cents per unit for gross proceeds of up to $2-million.

Each unit will be composed of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant shall be exercisable to acquire one common share at a price per warrant share of 70 cents for a period of 24 months from the closing date (as defined herein).

Provided that the common shares trade above $1.25 per share for 20 consecutive trading days, then the expiry date of the warrants will be automatically accelerated to the date that is 30 days after the date the company provided notice by press release to the holders of the warrants.

The units to be issued under the financing will be subject to a four-month hold period. There is no minimum offering amount. The company may pay commissions or finders' fees on the amount raised through the offering. The terms of the financing are subject to applicable securities laws and regulatory approval. The company intends to use the proceeds of the offering for general working capital. Additional details regarding the offering can be found in Form 9 filed in accordance with the rules of the Canadian Securities Exchange, a copy of which is accessible at the CSE website under the company's profile.

About Nextleaf Solutions Ltd.

Nextleaf Solutions is an extraction technology company that has developed a portfolio of issued and pending patents pertaining to the company's unique, industrial-scale process of producing purified cannabinoid distillate, a tasteless, odourless cannabis concentrate best suited for infusing premium value-added products. Nextleaf plans to commercialize its intellectual property portfolio by providing B2B (business to business) processing services to licensed cultivators and supplying cannabis oil and extracts to qualified Canadian and international partners under the client's own brands. Nextleaf has completed construction of its dedicated extraction and processing facility in greater Vancouver, B.C., in time for Canada's legalization of edibles and other cannabis derivative products. The company's processing facility includes research and laboratory infrastructure, allowing for the continued development of novel, scalable cannabis processing technology and intellectual property.

We seek Safe Harbor.