Nextleaf Solutions Ltd, a federally regulated producer of cannabis oil has released key metrics from the launch of its Glacial Gold products in British Columbia.
Included in the inaugural month Glacial Gold sales were seven total Stock Keeping Units (SKUs), consisting of four 1-gram vape SKUs and three distilled oil SKUs. Nextleaf completed its first shipment of products to the British Columbia Liquor Distribution Branch (BCLD) on September 3, 2021.
"We're excited how the Glacial Gold brand of Session and Anytime vapes and Distilled Oils has resonated amongst private retailers and consumers across British Columbia," said Nextleaf co-founder and CEO Paul Pedersen in a statement. "We've launched Glacial Gold with the goal of holding a top-five category position with our vapes and oils by delivering on the brand promise of unparalleled value through high-quality products at accessible price points."
READ: Nextleaf Solutions awarded new US patent covering cannabis oil refinery design; gets big reorder for Glacial Gold
In the following weeks, the company shipped 20,000-plus units of Glacial Gold vape cartridges and distilled oils with a retail value of over $750,000 to the BCLD in September.
Data collected indicates that Nextleaf’s products have a 50%-plus retail penetration rate with Glacial Gold products being sold in more than half of British Columbia's 370 government and private retail locations.
Highlights from the data include:
- Top value THC vape cart in BC (Session Vape 1g)
- Top value 1:1 vape cart in BC (Anytime 1:1 Vape 1g)
- Top value CBD oil in BC (Distilled CBD 50 Oil 30ml)
- Top value 1:1 oil in BC (Distilled 30:30 Oil 30ml)
The company pointed out that the initial vape lineup from Glacial Gold is offered in two potency levels to match a consumers tolerance level or consumption occasion.
The Session THC Vape features a full potency THC profile for cannabis enthusiasts who seek a more elevated experience and connection. Meanwhile, the Anytime 1:1 Vape is formulated with a balanced THC and CBD profile for consumers looking for a more moderate, go-to vape. Flavour offerings include Glacial Fresh Mint and Berry Lemonade.
The company’s line of Glacial Gold Distilled CBD 50 Oil, Distilled THC 30 Oil, and Distilled 30/30 Blend feature high-purity distillate in a base of organic MCT (medium chain triglycerides) oil for a premium consumption experience, without premium pricing.
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