Proactive Investors - Run By Investors For Investors

NextLeaf boosts financing to C$4 million

The company said was boosting its non-brokered private placement to C$4 million thanks to investor interest
NextLeaf lab
NextLeaf's technology allows for low-quality, dried cannabis biomass to be processed into a high-purity distilled oil

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 [email protected]

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full OILS profile View Profile

Nextleaf Solutions Timeline

Related Articles

data graphic
March 22 2019
The Toronto company is busy meeting what it says is significant demand by building a data asset covering the medical cannabis sector
A cannabis facility
January 10 2019
The Vancouver-based medicinal cannabis grower’s Queensland facility will be the world's largest greenhouse cannabis operation, covering a 99-acre site
cannabis bud on tray
April 25 2019
Armed with a new partnership with Canada's largest pharmacy and an international cultivator, Flowr is aiming to provide medicinal and recreational consumers around the world with premium, high-quality cannabis
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use