Nextleaf Solutions Ltd (CSE:OILS, OTCQB:OILFF) announced that it will launch Glacial Gold softgels for the consumer market this summer, which the company said will provide unparalleled value in quality and price per milligram compared to other regulated capsules and edible products.
The Canadian cannabis vapes and oils producer noted the new softgel product launch signifies the company's expansion into the ‘Capsules’ category.
It added that Glacial Gold softgels will be made with high-purity cannabis distillate in a base of organic coconut medium-chain triglycerides (MCT) oil expertly encapsulated for a premium consumption experience, without premium pricing.
READ: Nextleaf completes first shipment to Ontario as it provides an update on British Columbia market
As well, Nextleaf reported that Kevin Keagan will join the company as its new chief financial officer (CFO) as well as a member of its board of directors.
Keagan has over 20 years of experience in various senior finance and leadership roles across multiple industries, including cannabis and capital markets, bringing deep expertise in capital management, compliance, manufacturing, contract management, pricing strategy, and corporate finance, according to the company.
“As we continue our commercial ramp up and scale our fundamentals - by leveraging our significant IP portfolio, increasing distribution of Glacial Gold products, and accelerating our cannabinoid ingredient supply business - Kevin's experience will help ensure that Nextleaf is well-positioned to execute on our strategic plans to build a profitable future,” Nextleaf Solutions CEO Paul Pedersen said in a statement.
Nextleaf noted that Charles Ackerman will transition out of his role as CFO and director of the company as of April 28, 2022, but will continue to support the company's finance department as well as serve as a key strategic advisor to senior management.
The company also said CEO Pedersen will speak on ‘The Future for Edible Products’ panel at the Lift&Co. Cannabis Expo in Toronto on May 15, 2022.
Those interested to attend can visit liftexpo.ca for more information.
Nextleaf Solutions is a federal-regulated manufacturer and distributor of cannabis vapes and oils under the Glacial Gold brand. The company's multi-patented ingredient processing technology transforms cannabis and hemp biomass into high-purity distillate at an industrial scale.
Nextleaf is also a low-cost producer of cannabis oils and supplies THC and CBD ingredients to qualified wholesale partners across Canada.
Contact Sean at sean@proactiveinvestors.com