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Nextleaf Solutions Ltd
Symbol OILS
Shares Issued 124,468,803
Close 2021-09-09 C$ 0.19
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Nextleaf ships Glacial Gold cannabis products to B.C.

2021-09-09 15:40 ET - News Release

Mr. Paul Pedersen reports

NEXTLEAF COMPLETES FIRST SHIPMENT OF GLACIAL GOLD TO THE BC LIQUOR DISTRIBUTION BRANCH

Nextleaf Solutions Ltd.'s wholly owned subsidiary has completed its first shipment of Glacial Gold cannabidiol and tetrahydrocannabinol products to the British Columbia Liquor Distribution Branch, the sole wholesale distributor of non-medical cannabis in British Columbia. The debut product assortment under Nextleaf's award-winning, prohibition-era consumer brand, Glacial Gold, is now available at B.C. Cannabis Stores and private cannabis retailers across British Columbia.

"We're excited to launch in our B.C. backyard first, with a portfolio of large-format vape and oil products, all broadly appealing and validated formulations, at accessible price points. We put the emphasis where it counts. Product quality and consumption experience matter most, not excessive packaging or elaborate promotions," said Emma Andrews, director of marketing at Nextleaf. "We're confident that value is a driving factor behind the majority of product decisions, particularly in the vape and bottled oil categories."

The initial vape lineup from Glacial Gold is offered in two potency levels to match a consumers tolerance level or consumption occasion. The Session THC Vape features a full-potency THC profile for cannabis enthusiasts who seek a more-elevated experience and connection. The Anytime 1:1 Vape is formulated with a balanced THC and CBD profile for consumers looking for a more-moderate, go-to vape.

Both vapes will be initially available in flavour profiles inspired by natural aromas found throughout British Columbia and terpenes found in cannabis. "We've intentionally formulated our custom blends without the use of excessive botanical terpenes, allowing you to deeply enjoy every draw without being overpowering," said Ms. Andrews. "We've validated the desirability through extensive sensory studies with human participants under our research licence, which allowed us to develop an extended assortment of compelling flavour profiles to offer variety and adaptability to early customer and retailer feedback."

Flavours include glacial fresh mint, with refreshing alpine aromas found in the British Columbia backcountry, and berry lemonade, reminiscent of fresh-picked berries from the Okanagan.

Glacial Gold Distilled CBD 50 Oil, Distilled THC 30 Oil and Distilled 30/30 Blend feature high-purity distillate in a base of organic MCT (medium chain triglyceride) oil for a premium consumption experience, without premium pricing. A clean-tasting and neutral oil allows for the greatest flexibility in use and consumption occasions.

"By leveraging our patented, high-efficiency ingredient-processing technology, the Glacial Gold brand is being positioned as a price point and value leader in distillate-focused product categories. Ensuring we honoured our roots in B.C. has been a personal mission as we expand into consumer products," said Paul Pedersen, chief executive officer at Nextleaf.

Glacial Gold distillate is produced through the company's patented, automated, closed-loop, chilled alcohol extraction plant at Nextleaf Labs Ltd., a Health Canada-licensed processing facility. Nextleaf's proprietary technology efficiently transforms cannabis and hemp grown in British Columbia and throughout Canada into high-purity, cannabinoid-rich distillate at an industrial scale.

About Nextleaf Solutions Ltd.

Nextleaf is a federally regulated producer of cannabis oil that owns one of the largest portfolios of United States patents for the extraction and distillation of cannabinoids. Nextleaf supplies cannabis oils to its wholesale customers and distributes consumer products under its award-winning, prohibition-era brand, Glacial Gold. Nextleaf's proprietary, closed-loop, automated extraction plant in Metro Vancouver has a design capacity to process 600 kilograms of dried cannabis into oil per day. Nextleaf is developing delivery technologies through its Health Canada research licence, with sensory evaluation of cannabis via human testing. The company owns 15 U.S. patents and has been issued greater than 80 patents globally.

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