What Nextleaf Solutions does

Nextleaf Solutions Ltd. is a publicly traded (CSE: OILS, OTCQB: OILFF, FSE: L0MA) Canadian cannabis processor headquartered in Vancouver, BC, that operates through its wholly owned subsidiary Nextleaf Labs Ltd. The company has developed a proprietary, multi-patented, closed-loop cryo-ethanol extraction and distillation platform branded as True Scalability™, backed by a portfolio of more than 70 global patents (including 19 issued US patents) covering extraction, purification, distillation, acetylation (THC-O-Acetate and CBG-O-Acetate synthesis), bubble hash production, and a patent-pending Rapid Emulsion Technology for water-soluble cannabinoid formulations. The Coquitlam Phase 1 facility reportedly processes 600 kg of biomass per day into up to 95% pure cannabinoid distillate using only three operators, positioned as 8–10x more efficient than CO2 extraction, with a second licensed site (Nextleaf Distribution) adding 2,500 sq. ft. of micro-processing capacity.

The company generates revenue across five streams: (1) branded consumer products — Glacial Gold (wellness-focused softgels, oils, vapes with minor cannabinoids CBG and CBN; held #1 or #2 in Canada's capsule market for 19 consecutive months) and Yard (recreational THC-forward vapes and infused prerolls launched November 2025); (2) white-label manufacturing and contract services via the Commercial Partners Program; (3) bulk ingredient supply of high-purity THC/CBD distillate and formulated oils; (4) toll processing for third-party biomass; and (5) IP licensing of its patent portfolio. Distribution is coast-to-coast in Canada through six provincial boards (Ontario, Alberta, BC, Saskatchewan, Manitoba, Quebec) plus direct-to-consumer via SQDC online in Quebec and a national sales agency agreement with Kindred Canada. International expansion commenced with a first commercial shipment of 756,000 softgels to Australia in January 2026.

Customer segments include wellness-focused adult consumers and recreational adult consumers (consumer brands), licensed producers and cannabis brands (B2B services), and provincial distribution boards and retailers (wholesale channels). As of FY2024 the company reported CAD $16.57M gross revenue (66% YoY growth), achieved five consecutive quarters of positive adjusted EBITDA, and maintained a debt-free balance sheet, though more recent quarterly growth has slowed materially (Q1 FY2026: 3.7% YoY). The company employs 11–50 staff and is led by CEO Emma Andrews (permanently appointed September 2024, prior Interim CEO) and CFO Sam Kassem.

Name

Nextleaf Solutions

Legal name

Nextleaf Solutions Ltd.

Website

https://nextleafsolutions.com

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Nextleaf Solutions is a publicly traded Canadian cannabis processor that operates multi-patented cryo-ethanol extraction technology to produce high-purity cannabinoid distillate and ingredients, selling branded consumer products (Glacial Gold, Yard) across Canadian provincial boards and white-label/B2B services to licensed producers, with a first international shipment to Australia completed in January 2026.

Ownership category

akta.pro rank

Product category

Cannabis Extraction and Processing Services

NAICS

Medicinal and Botanical Manufacturing (325411)

SIC

Medicinal Chemicals & Botanical Products (2833)

akta.pro primary industry

Cannabis Dispensary + Ancillary Retail (Accessories, CBD/Hemp, Merchandise) (CRANAFAH)

akta.pro secondary industry

Medical Cannabis Dispensaries (CRANAFAB)

Keywords

• Cannabis extraction services
• Toll processing
• Bulk cannabinoid ingredients
• White label manufacturing
• Cannabis distillation technology

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Branded Consumer Products: Sale of proprietary consumer brands including Glacial Gold (wellness-focused softgels, oils, vapes) and Yard (recreational THC-forward products). Revenue from coast-to-coast Canadian retail distribution through provincial boards.
2. Commercial Partners Program / White Label Manufacturing: Contract manufacturing and white labeling services for licensed producers and brands. First international shipment to Australia (756,000 softgels).
3. Bulk Ingredient Supply: High purity THC and CBD distillate, refined oils sold to B2B customers including cultivators and manufacturers for product formulation.
4. Toll Processing: Extraction, distillation, and purification services for third-party biomass using Nextleaf's patented technology. Convert excess biomass into high-value extracts.
5. IP Licensing: Licensing of patent portfolio to equipment manufacturers and pharmaceutical companies for cannabinoid processing technology.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

Nextleaf Solutions operates a Health Canada-licensed cannabis extraction and processing facility providing toll processing of third-party biomass, bulk supply of high-purity THC and CBD distillate and formulated oils, and white-label contract manufacturing of finished cannabis products (softgels, vapes, oils, prerolls) for licensed producers and brand partners. The company also markets its own consumer brands — Glacial Gold for wellness-focused softgels/oils/vapes and Yard for recreational vapes and prerolls — distributed through provincial cannabis boards across Canada and via white-label partnerships internationally.

Product overview

Nextleaf Solutions operates as a multi-patented Canadian cannabis processor and life science company offering a vertically integrated portfolio of B2B processing services and consumer brands. The core of operations is Nextleaf Labs, providing toll processing, bulk ingredient supply (distillates and formulated oils), and manufacturing/commercialization services leveraging scalable, automated closed-loop extraction technology with 600kg/day throughput capacity. The company has built a proprietary True Scalability technology platform backed by 70+ global patents. On the consumer side, the company markets two distinct brands: Glacial Gold (wellness-focused softgels, oils, and vapes with minor cannabinoids, holding #1/#2 market position in Canadian capsules) and Yard (bold recreational vapes and prerolls). Both brands are supported by the company's in-house ingredient processing capabilities and distributed nationally and internationally through the Commercial Partners Program enabling white labeling for global clients.

Differentiator

Problem solved

Functional benefit

Brands

• Glacial Gold: Flagship consumer brand known for cannabis softgels, oils, and vapes. Has held #1 or #2 position among Canada's capsule producers for 19 consecutive months.
• Yard
• MAX
• High Plains Cannabis

Products and services

• Glacial Gold
• Yard
• Nextleaf Labs Toll Processing
• Nextleaf Labs Bulk Ingredient Supply
• Commercial Partners Program (White-Label Manufacturing)

Quantifiable outcome

• 66% year-over-year revenue growth (FY2024)
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered strategic and core.

• Cannabis Cultivators of British Columbia (CCBC)strategicOthers · 6 May 2026Industry association membership with CEO Emma Andrews appointed to CCBC Board of Directors. Supports advocacy for BC-based operators in global cannabis markets, export development, and regulatory alignment.
• Kindred CanadacoreChannel Partner/ Reseller/ Distributor · 19 February 2026Appointment as national sales agency partner completing transition from regionalized to centralized national sales model between November 2025 and January 2026. Supports scalable, margin-focused growth in Canadian CPG business through improved retail partnerships and expanded listings.
• Open Fields DistributioncoreChannel Partner/ Reseller/ Distributor · 19 February 2026Expanded provincial distribution relationship in Saskatchewan to accelerate growth in underserved markets through Open Fields Distribution network.
• Open Fields ManitobacoreChannel Partner/ Reseller/ Distributor · 19 February 2026Expanded provincial distribution relationship in Manitoba to increase market penetration and retail presence.
• Quebec Craft CannabiscoreChannel Partner/ Reseller/ Distributor · 15 May 2025Distribution and representation partnership for Glacial Gold brand entry into Quebec market. Inaugural product: THC:CBD oil under MAX Équilibre brand. Quebec represents $662M annual cannabis sales opportunity as second-largest province by population.
• Lineage DistributioncoreChannel Partner/ Reseller/ Distributor · 23 December 2024Prairie provinces distribution partner servicing Saskatchewan retailers, complementing existing distribution network and expanding market reach in northern provinces.
• Miracle ValleystrategicStrategic or Co-development Partner · 22 August 2024Strategic partnership with BC licensed producer re-entering Canadian recreational market. Aims to accelerate product launches and expand market reach through collaborative brand development.

Scale indicators9 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• MediPharm Labs: Canadian licensed producer specializing in cannabis extraction and derivative manufacturing, including white-label/contract manufacturing of cannabis softgels, oils and vapes. Direct comparable to Nextleaf on the B2B extraction, ingredient supply and contract manufacturing core, with overlapping product formats and Health Canada licensing profile.
• The Valens Company (now part of SNDL): Canadian cannabis extraction and formulation specialist focused on toll processing, white-label manufacturing and downstream brand production. Highly comparable to Nextleaf's toll processing, ingredient supply and commercial partners program, though now operating within SNDL's broader portfolio.
• OrganiGram Holdings: Canadian licensed producer focused on premium dried flower, vapes, and ingestibles including softgel capsules, with national provincial distribution. Comparable to Nextleaf on the branded softgel/ingestible category where Glacial Gold competes directly for shelf space and consumer share.
• Avicanna: Canadian cannabinoid-focused biopharmaceutical company developing and commercializing cannabinoid-based ingredients, formulations and finished products for medical and consumer channels. Comparable to Nextleaf on the ingredient/formulation side, including white-label supply and proprietary emulsion/dermal technologies.

Broad incumbents

• Tilray Brands: Large multi-jurisdiction cannabis operator with extraction capabilities, a broad branded product portfolio across vapes, oils and ingestibles, and Canadian provincial distribution. Comparable as a broader incumbent that overlaps Nextleaf in extraction, softgels/oils and national Canadian retail, but at materially larger scale across additional geographies.
• Canopy Growth: Major Canadian-anchored cannabis operator with significant branded consumer product distribution across all provincial boards and international medical/export channels. Overlaps Nextleaf on Canadian provincial distribution, branded ingestibles/vapes, and ingredient manufacturing, albeit with much broader product breadth and global footprint.
• Aurora Cannabis: Large Canadian licensed producer with cultivation, processing and consumer brands across oils, softgels and vapes distributed nationally through provincial boards. Comparable as a broad incumbent overlapping Nextleaf's branded consumer products, ingredient processing and Canadian retail distribution.
• Cronos Group: Global cannabis operator with Canadian cultivation, processing and branded consumer products distributed through provincial boards, plus international medical channels. Comparable as a broader incumbent overlapping Nextleaf in cannabinoid ingredient processing, branded ingestibles and Canadian retail.
• SNDL: Canadian cannabis operator combining retail (Value Buds, Spiritleaf), cultivation/processing (acquired The Valens Company) and beverage alcohol. Comparable to Nextleaf as a broader Canadian platform spanning cannabis processing, white-label manufacturing and provincial/retail distribution.

Regional players

• Charlotte's Web: US-based CBD/hemp wellness brand and extractor producing ingestible CBD oils, softgels and topicals with a vertically integrated hemp extraction platform. Comparable to Nextleaf on the cannabinoid extraction/ingredient side, though regionally focused on US hemp-derived CBD rather than Canadian THC-based formats.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/nextleaf_oils
• YouTubeyoutube.com/channel/UC9fihMM0_fNtk8erPErjZ2Q
• Facebookfacebook.com/nextleafsolutions
• LinkedInlinkedin.com/company/nextleaf-solutions
• Instagraminstagram.com/nextleaf_oils

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nextleaf Solutions