Proactiveinvestors USA & Canada Nextleaf Solutions https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Nextleaf Solutions RSS feed en Tue, 23 Apr 2019 13:06:11 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - NextLeaf boosts financing to C$4 million ]]> https://www.proactiveinvestors.com/companies/news/218899/nextleaf-boosts-financing-to-c4-million-218899.html Nextleaf Solutions Ltd (CSE:OILS) announced Monday that it is boosting its previously-announced non-brokered private placement to $4 million thanks to investor demand. 

NextLeaf has a patented process for the commercial scale production of cannabinoid distillate, the precursor to every cannabis-infused product. The company’s technology allows for low-quality, dried cannabis biomass to be processed into a high-purity distilled oil.

READ: Nextleaf Solutions to raise up to C$2M through a private placement

The units issued under the financing deal will be subject to a four-month hold period.

Shares of NextLeaf were at C$0.58 on Monday. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Mon, 22 Apr 2019 12:22:00 -0400 https://www.proactiveinvestors.com/companies/news/218899/nextleaf-boosts-financing-to-c4-million-218899.html
<![CDATA[News - Buds & Duds: Cannabis stocks perk up after rough start to the week; NextLeaf shares soar ]]> https://www.proactiveinvestors.com/companies/news/218711/buds--duds-cannabis-stocks-perk-up-after-rough-start-to-the-week-nextleaf-shares-soar-218711.html Cannabis stocks perked up on Tuesday after a bumpy start to the week. It's been a volatile ride for cannabis stocks so far in 2019. 

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, was up 0.5% to 285.98 by Tuesday's close. The Horizons Marijuana Life Sciences Index ETF was up 0.5% at C$19.98.

Buds

Nextleaf Solutions Ltd (CSE:OILS) shares soared on Tuesday morning after it announced it will raise up to $2 million in a non-brokered private placement. 

Shares jumped 19.2% at C$0.62 in Toronto.

The Vancouver-based cannabis-extraction technology company announced it will offer units at a price of C$0.40 per unit. NextLeaf, which has a patented process for the commercial scale production of cannabinoid distillate, the precursor to every cannabis-infused product, said it intends to use the proceeds for general working capital.

READ: Nextleaf Solutions to raise up to C$2M through a private placement

Other gainers on Tuesday included Canopy Growth Corporation (TSE: WEED) (NYSE:CGC), which gained ground after the company announced it had completed an acquisition of Spain-based licensed cannabis producer Cáñamo y Fibras Naturales, S.L. (Cafina), broadening Canopy's European production footprint. 

Shares were up 2.1% at US$55.55 in Toronto.

Canopy also has a an existing production site in Odense, Denmark, as well as a facility in Tütlingen, Germany. 

READ: GMP Securities kicks off 2019 Cannabis Conference looking at the industry post-legalization

The Green Organic Dutchman Holdings Inc (TSE:TGOD) (OTCMKTS:TGODF) shares were up earlier on Tuesday, as the company is presenting at the GMP Cannabis Conference 2019, which kicked off Tuesday at the Ritz Carlton Hotel in Toronto.

More than 700 cannabis industry executives gathered at the third annual event to discuss the evolution of the sector post-Canadian legalization, while looking to the future and the potential of the biggest market south of the border: the United States.

Shares were up 2% at C$4.07 in Toronto. 

Other gainers on Tuesday included Redfund Capital Corp (CSE:LOAN), the cannabis-focused investment firm, which was up 6.3% at C$0.17 in Toronto. 

Duds

Auxly Cannabis Group Inc (CVE:XLY) (OTCMKTS:CBWTF) saw its stock stumble Tuesday, down 6.7% at C$0.83 in Toronto and down 3.5% at US$0.63 in New York on no news. Two weeks ago, the company reported fiscal fourth-quarter and annual earnings that sent investors scrambling, pushing shares down. 

Other laggards on Tuesday included MariMed Inc (OTCQB:MRMD), which was down 2.6% at US$3.43 in New York. 

Isodiol International Inc (OTCQB:ISOLF) (CSE:ISOL) shares dropped 1.1% at US$1.00 in New York. 

Isodiol is Vancouver-based company that develops hemp-based consumer markets for distribution in Canada, Latin America, Asia, and Europe. Last week, it announced the launch of its cannabidiol (CBD) vending machine program, putting its Iso-Sport products in 20 gyms across the United States. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Tue, 16 Apr 2019 10:55:00 -0400 https://www.proactiveinvestors.com/companies/news/218711/buds--duds-cannabis-stocks-perk-up-after-rough-start-to-the-week-nextleaf-shares-soar-218711.html
<![CDATA[News - Nextleaf Solutions takes aim at infused beverages and edibles with its patented cannabis extraction technology ]]> https://www.proactiveinvestors.com/companies/news/218179/nextleaf-solutions-takes-aim-at-infused-beverages-and-edibles-with-its-patented-cannabis-extraction-technology-218179.html NextLeaf Solutions Ltd (CSE:OILS) is a cannabis-extraction-technology company that has a patented process for the commercial scale production of high-quality cannabinoid distillate, the precursor to every cannabis-infused products. 

In short, the Canadian company, based in British Columbia, is bridging the gap from soil to oil, a reflection of its technology, which allows for low-quality, dried cannabis biomass to be processed into a high-purity distilled oil. NextLeaf's timing is apt: with infused beverages and edibles becoming legal in Canada by October 2019, the company has the opportunity to be a front-runner in the extraction space. 

The fact is that there is ample supply of low-quality cannabis and hemp biomass -- but there's a lack of extraction and processing capacity in the industry. NextLeaf is developing intellectual property around converting the cannabis plant into infused products through a scalable, repeatable process.

WATCH: Nextleaf first public company to be issued a patent for extraction and purification

Let's face facts: when made with crude extract, edible and infused cannabis products taste, well, gross, thanks to chlorophyll, fats, lipids and other impurities. 

NextLeaf focuses on a premium distillate and believes the secret to producing standardized and impurity free cannabis extracts is in the purification and refinement steps, which goes above and beyond the typical crude extraction. Its highly concentrated THC or CBD distillate is odourless, tasteless, and standardized for potency

Nextleaf provides processing to licensed cultivators, and supplies cannabis oil and extracts to qualified Canadian and international B2B partners under their own brand. Nextleaf delivers its proprietary technology at both its centralized processing facility in Vancouver, BC and via mobile extraction lab at licensed production facilities.

How is it doing? 

NextLeaf has had an impressive start to 2019, most notably the encouraging news that the US Patent and Trade Office has granted it a patent for its process of extraction, refinement and distillation of cannabinoids from marijuana and hemp.

It's the first publicly traded entity to be issued an extraction patent. In addition, Nextleaf announced that it has been issued a standard patent from IP Australia, the government agency that administers intellectual property rights. And there's more to come -- with 18 patents pending in the United States, Canada, Mexico, Colombia, Jamaica, Europe and Australia. 

"Companies that secure unique intellectual property first have a competitive advantage," said CEO Paul Pedersen in an interview with Proactive, adding that cannabis processing and pharmaceutical applications are lucrative, as compared to others, such as genetics applications, etc.

Financing in place

In March 2019, the company closed a C$5 million financing and completed a reverse takeover of Legion Metals.  In an industry report, Arcview Research says the edibles market alone could be worth more than C$4 billion in Canada and the US by 2022.

NextLeaf CEO says focus remains on underlying technology

The recently issued patent is exciting news for the company, says Petersen, but most important, it validates the company's strategy. 

"Our strategy from day one was to be the absolute best at developing disruptive extraction technology and focus as a business, not worrying about growing or developing brands or retail, but to just focus on the underlying technology that goes from plant into product and being able to deploy that in a highly scalable way." 

 

Contact Katie Lewis at katie@proactiveinvestors.com
Follow her on Twitter: @kelewis

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Mon, 08 Apr 2019 16:40:00 -0400 https://www.proactiveinvestors.com/companies/news/218179/nextleaf-solutions-takes-aim-at-infused-beverages-and-edibles-with-its-patented-cannabis-extraction-technology-218179.html
<![CDATA[Media files - Nextleaf first public company to be issued a patent for extraction and purification ]]> https://www.proactiveinvestors.com/companies/stocktube/12793/nextleaf-first-public-company-to-be-issued-a-patent-for-extraction-and-purification-12793.html Fri, 29 Mar 2019 14:39:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/12793/nextleaf-first-public-company-to-be-issued-a-patent-for-extraction-and-purification-12793.html <![CDATA[News - Nextleaf gains as US patent granted for cannabinoid extraction from marijuana and hemp ]]> https://www.proactiveinvestors.com/companies/news/217434/nextleaf-gains-as-us-patent-granted-for-cannabinoid-extraction-from-marijuana-and-hemp-217434.html Nextleaf Solutions Ltd (CSE:OILS) rose Thursday after announcing that the US Patent and Trade Office has granted a patent for its process of extraction, refinement and distillation of cannabinoids from marijuana and hemp.

The company said it is the first publicly traded entity to be issued an extraction patent. In addition, Nextleaf announced that it has been issued a standard patent from IP Australia, the government agency that administers intellectual property rights. The extraction process, according to Nextleaf, produces a tetrahydrocannabinol (THC) or cannabidiol (CBD) distillate that is tasteless, odorless and standardized for potency.

Shares of Nextleaf were up 7.7% to C$0.35 in Thursday's Canadian trading.

READ: NextLeaf Solutions debuts on Canadian Securities Exchange

Nextleaf said its patented technology allows for low-quality, dried cannabis biomass to be processed into a high-purity distilled oil, simplifying the manufacturing of differentiated cannabinoid formulations and delivery methods.

Applications for the extraction process included topicals, transdermal or sublingual delivery, vape technology, edible oils, beverages and water-soluble extracts, the company said.

"Nextleaf Solutions has succeeded in beating big pharma, big tobacco, big alcohol and every single billion-dollar cannabis company to the first issued patent for the extraction and purification of cannabinoids," Nextleaf CEO Paul Pedersen said in a statement. “We believe companies that can develop and protect valuable intellectual property will benefit substantially in the long term, especially in an industry as young as the cannabis industry.”

The company made its debut on the Canadian Securities Exchange earlier this month.

–Updates share prices–

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Thu, 28 Mar 2019 09:22:00 -0400 https://www.proactiveinvestors.com/companies/news/217434/nextleaf-gains-as-us-patent-granted-for-cannabinoid-extraction-from-marijuana-and-hemp-217434.html
<![CDATA[News - Buds & Duds: NextLeaf Solutions shares soar after trading debut ]]> https://www.proactiveinvestors.com/companies/news/217052/buds--duds-nextleaf-solutions-shares-soar-after-trading-debut-217052.html It was a topsy-turvy day for cannabis stocks in North American on Friday, with many dipping alongside broader North American markets.

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada was down 1.7% at US$299.94 on Friday. 

Buds

Shares of NextLeaf Solutions Ltd (CSE:OILS) popped Friday after the company made its debut on the Canadian Securities Exchange under the ticker symbol OILS. NextLeaf has a number of issued and pending patents for processing purified cannabinoid distillate: a tasteless, odourless cannabis concentrate.

Shares of the cannabis extraction and processing technology company were up 12.5% at C$0.45. 

READ: NextLeaf Solutions debuts on Canadian Securities Exchange

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) shares were also on the move on Friday, up 7.4% at C$0.73 in Toronto and up 4.6% at US$0.54.  Earlier this week, the company announced it has appointed Baker Tilly WM LLP as its auditor, replacing PricewaterhouseCoopers LLP.

Duds

Aurora Cannabis Inc (NYSE:ACB) (TSE:ACB) shares sank on Friday, likely due to profit taking, as the stock has gained more than 85% since the beginning of 2019. 

The share price dropped 5.6% to US$9.03 and climbed 5.3% to C$12.10 in Toronto.

Other laggards on Friday included VIVO Cannabis Inc (CVE:VIVO) (OTCMKTS:VVCIF) despite announcing news on Thursday that its wholly-owned subsidiary, ABcann Medicinals Inc, had received approval from Health Canada for cultivation at its expansion at the company's Vanluven Road facility in Napanee, Ontario. 

Shares were down 6.0% at US$0.78 in New York and down 5.4% at C$1.06 in Toronto. 

 

Contact Katie Lewis at katie@proactiveinvestors.com

Follow her on Twitter @kelewis

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Fri, 22 Mar 2019 11:31:00 -0400 https://www.proactiveinvestors.com/companies/news/217052/buds--duds-nextleaf-solutions-shares-soar-after-trading-debut-217052.html
<![CDATA[Media files - Nextleaf Solutions begins trading on the Canadian Securities Exchange ]]> https://www.proactiveinvestors.com/companies/stocktube/12679/nextleaf-solutions-begins-trading-on-the-canadian-securities-exchange-12679.html Thu, 21 Mar 2019 09:51:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/12679/nextleaf-solutions-begins-trading-on-the-canadian-securities-exchange-12679.html <![CDATA[Media files - Nextleaf Solutions' patented technology is a game-changer for cannabis extraction ]]> https://www.proactiveinvestors.com/companies/stocktube/12255/nextleaf-solutions--patented-technology-is-a-game-changer-for-cannabis-extraction-12255.html Fri, 15 Feb 2019 14:04:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/12255/nextleaf-solutions--patented-technology-is-a-game-changer-for-cannabis-extraction-12255.html