Nextleaf Solutions Ltd (CSE:OILS, OTCQB:OILFF) said it has sent out its first international shipment of cannabis vape products.
In a statement, Nextleaf CEO Paul Pedersen told investors "The first international shipment of cannabis vapes marks a major milestone for our company, and is a validation of Nextleaf's patented technology,
"We believe the continued acceptance globally of cannabis as a medicine, combined with the reputation of our products in Canada, will drive growth in exports of our cannabinoid vapes and oils to international markets,” Pedersen said.
READ: Nextleaf Solutions partners with NOYA Cannabis to launch Cookies ‘C’ branded vapes in Canada
The vape products custom manufactured by Nextleaf under private label will be distributed by pharmacies internationally where medical cannabis is legal, the company said, adding that it expects the international private label product supply to become a recurring business.
In Canada, Nextleaf’s Glacial Gold-branded cannabinoid vapes, oils and softgels are distributed through medical distributors and select pharmacies.
Separately, Nextleaf announced that it had received an extension on its convertible note financing.
The firm agreed to pay to an institutional investor a forbearance fee equal to C$75,000, which shall be added to the original principal amount owing under the note and amend the conversion price of the note to $0.055 per share.
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