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.
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 [email protected]