Latest news with #EmmaAndrews
Yahoo
3 days ago
- Business
- Yahoo
Nextleaf Reports Profitable Second Quarter FY25 Results Including Increased Revenue Growth and Positive Net Income Improvement
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2025) - Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) ("Nextleaf", "OILS", or the "Company"), an innovation-driven life science company and licensed cannabis processor, is pleased to announce its financial results for the second quarter of fiscal year 2025, ended March 31 2025. The Company reported gross revenue of $4,698,331, net revenue of $3,515,435 and gross profit of $1,348,054. The Company has continued making substantial improvements in net income at $348,789 while maintaining a gross profit margin at 29%. Q2 FY2025 Highlights Strong Revenue and Profitability: Gross revenue reached $4.70 million, reflecting a 22% increase from $3.85 million in the previous quarter. Gross profit totaled $1.35 million, up 42% from $950,516 in the same period last year, with a steady gross margin of 29%. Net income came in at $348,789, marking a strong turnaround from a net loss of $1.1 million during the same quarter in 2024. Positive EBITDA1 at $946,482 YTD, highlighting the Company's operational efficiency and disciplined cost management. Strengthened Balance Sheet: As of March 31, 2025, the Company had total assets of $9.0 million and working capital of $2.7 million, up from $1.6 million on September 30, 2024. The Company maintained a healthy current ratio of 1.85 and concluded the quarter with no secured debt, reflecting strong near-term financial stability. Shareholders' equity rose to $5.5 million, reflecting improved profitability and a reduction in deficit. Commercial Expansion: Product Launches: 8 new product launches under house-brand Glacial Gold across 3 categories including: 2 infused pre-rolls, 4 vapes, and 2 bottled oils, emphasizing the Company's continued focus on high potency and high purity extracts, infused products, ready-to-consume, and convenience-based formats. "From compliance to commercialization, we are proving that constraints-based innovation can happen across all areas of the business. We are setting the standard for capacity utilization, fiscal discipline, and resourcefulness. Since Day 1 our team has turned challenges into opportunities for improved efficiency, output and strategic progress." Shares Emma Andrews, Nextleaf CEO. Q3 FY2025 Outlook The Company will prioritize and allocate working capital to the following strategic initiatives throughout the third quarter of FY2025: Facility expansion and optimization allowing for continued investment into inventory to fulfill domestic demand in recreational and medical channels. Adding operational bench strength through key hires to support ERP integration, Quality Assurance, and Manufacturing. Research and development for category expansion, and new product formats. Market expansion into Quebec in partnership with Quebec Craft Cannabis. Trade marketing for strategic retail partnerships with an emphasis on education and a national sampling program. Relaunching (Summer 2025) for improved brand awareness, conversion and customer engagement. About Nextleaf Solutions Ltd. Nextleaf® is an innovation-driven life science company, and licensed cannabis processor with a portfolio of federally regulated emerging consumer brands, market validated cannabis derivative products, and high-potency bulk ingredients. Nextleaf's multi-patented, highly automated, closed loop extraction and distillation technology sets the global standard for processing cannabis at scale. With coast-to-coast distribution, Nextleaf branded products and ingredients are sold through both medical and recreational channels. Featuring the acclaimed brand Glacial Gold, leading multiple categories nationally, including cannabis softgels, vapes, and oils. The Company has been issued 19 U.S. patents, and 75+ patents globally, on cannabinoid processing including extraction, distillation, and acetylation. On behalf of the Board of Directors of the Company, Emma Andrews, CEO Contact: investors@ Nextleaf Solutions on LinkedInLearn More: Nextleaf trades as OILS on the Canadian Securities Exchange, OILFF on the OTCQB Market in the United States, and L0MA on the Frankfurt Stock Exchange. Disclaimers and Disclosure Statements: Certain statements contained in this press release constitute "forward-looking statements" within the meaning of applicable securities laws. All statements other than statements of historical fact contained in this press release, including, without limitation, statements regarding the Company's anticipated delivery of its products to provincial markets across Canada and those regarding the Company's strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company's MD&A for the most recent fiscal period. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law. The Canadian Securities Exchange has not reviewed or approved the contents of this press release. Non-IFRS Financial Measures This press release includes references to "EBITDA", which are not defined under International Financial Reporting Standards (IFRS). The intent of these non-IFRS measures is to provide additional useful information to investors and analysts. These non-IFRS measures do not have a standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other entities. As such, these non-IFRS measures should not be considered in isolation or used as a substitute for measures of performance prepared in accordance with IFRS. EBITDA is considered as a useful measure by management to understand the profitability of Nextleaf Solutions excluding the effects of certain non-operating items. 1 Non-IFRS or supplementary financial measure. See discussion in the Non-IFRS Financial Measures advisories section of this press release below and Management Discussion & Analysis. To view the source version of this press release, please visit
The Market Online
15-05-2025
- Business
- The Market Online
Nextleaf expands national footprint with Québec market entry
Licensed cannabis processor Nextleaf Solutions (CSE:OILS) has announced a major commercial milestone with the launch of 20 new product listings across Canada The new listings, expected to hit shelves by June 2025, reinforce Nextleaf's leadership in wellness-focused, non-combustible cannabis formats, particularly softgels and bottled oils Nextleaf is entering the Québec cannabis market for the first time with the launch of a high-potency balanced THC:CBD oil Nextleaf stock (CSE:OILS) last traded at $0.05 Licensed cannabis processor Nextleaf Solutions (CSE:OILS) has announced a major commercial milestone with the launch of 20 new product listings across Canada under its flagship brand, Glacial Gold. The expansion spans four key product categories—vapes, softgels, oils, and infused prerolls—and marks the company's first foray into the Québec market. The new listings, expected to hit shelves by June 2025, reinforce Nextleaf's leadership in wellness-focused, non-combustible cannabis formats, particularly softgels and bottled oils. The company continues to try to push boundaries in vape innovation, emphasizing flavour-forward formulations and advanced hardware. Nearly half of the new products feature minor cannabinoids such as CBG and CBN, reflecting growing consumer interest in targeted wellness effects. Québec market debut Nextleaf is entering the Québec cannabis market for the first time with the launch of MAX Équilibre 1000:1000 Huile 35ml, a high-potency balanced THC:CBD oil. The product will be sold under the Glacial Gold brand and made available exclusively online via offering direct-to-door delivery for Québecois consommateurs. To support its Québec operations, Nextleaf has partnered with Québec Craft Cannabis for distribution and provincial representation. Leadership insights 'I'm excited about the shift in trends we are noticing, including the groundswell from retailers and consumers seeking a more nuanced cannabis experience and diverse product selection, all the way up to the provincial authorities taking a chance on formulations that are currently under-indexed in the market,' Nextleaf's CEO, Emma Andrews shared in a media statement. With this latest expansion, Nextleaf is working to solidify its position as a leading innovator on a national level. For a full list of provincial product listings, click here. Nextleaf Solutions develops a range of multi-patented, highly automated, closed-loop extraction and distillation technology that sets the global standard for processing cannabis at-scale. Nextleaf stock (CSE:OILS) last traded at $0.05 and has lost 66.67 per cent since this time last year. Join the discussion: Find out what everybody's saying about this stock on the Nextleaf Solutions Bullboard, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
RNZ News
15-05-2025
- Health
- RNZ News
NZ ranked last in OECD and EU countries for suicide rate
te ao Māori 4:43 pm today Rangatahi advocates and mental health workers are calling for urgent action to reduce New Zealand's alarmingly high suicide rates among Maori and Pasifika youth. A just-released UNICEF report ranked New Zealand 32nd out of 36 countries for overall child wellbeing, and 36th out of 36 OECD and EU countries for its suicide rate. Maori News Reporter Emma Andrews has the details.
Yahoo
04-03-2025
- Business
- Yahoo
Nextleaf Reports First Quarter Results for Fiscal Year 2025 Including Increased Gross Profit, and Significant Net Income Improvement
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2025) - Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) ("Nextleaf", "OILS", or the "Company"), an innovation-driven life sciences company and licensed cannabis processor, is pleased to announce its financial results for the first quarter of fiscal year 2025 ending Dec 31st 2024. The Company reported gross revenue of $3,852,505 and net revenue of $2,886,673. Notably, a significant improvement in net income at $530,432 alongside gross profit margin increasing by 28% quarter-over-quarter. Q1 FY2025 Highlights Consistent Revenue Performance: Gross revenue of $3.85 million, compared to the prior quarter (Q4 FY2024: $3.81 million), reflecting sustained demand and market positioning. Improved Gross Profit Margin: 32%, up from 25% in the prior quarter, highlighting enhanced operational efficiency and cost management. Major Net Income Turnaround: Net income of $530,432, marking a significant improvement from a net loss of $239,675 in Q4 FY2024, underscoring enhanced profitability and financial discipline. Optimized Cost Structure: Cost of Goods Sold (COGS) reduced by 11.5% quarter-over-quarter ($1.65M vs. $1.86M), reflecting improved operational efficiency and cost management. Positive EBITDA1: $405,390, reinforcing the Company's focus on high-margin activities and long-term financial sustainability. Product Launches: 8 new product launches under house-brand Glacial Gold emphasizing the Company's focus on, and burgeoning expertise in ready-to-consume, convenience-based formats featuring minor cannabinoids and full-spectrum offerings, alongside high potency and high purity extracts. Market Position: Glacial Gold has consistently ranked as the top softgel brand in BC and AB through Dec 2024 and continues to be a top 5 brand in ON. [1] Non-IFRS or supplementary financial measure. See discussion in the Non-IFRS Financial Measures advisories section of this press release below and Management Discussion & Analysis. The Company reported a temporary but strategic shift in Q1 FY2025, prioritizing toll-processing activities for Commercial Partners over bulk ingredient production for B2B sales. This decision reinforces Nextleaf's commitment to its Commercial Partners Program, ensuring the continued service of long-standing relationships while covering all associated processing costs. "When our vault is loaded and we're focused on toll-processing, the most impactful opportunity for us is to continue to scale CPG sales with our flagship brand, Glacial Gold. This includes product innovation and deepening our in-market impact through expanded presence." Shares Nextleaf CEO Emma Andrews. "By concentrating on higher margin activities, we improved our cost-of-sales and significantly increased profitability in Q1-delivering stronger shareholder value. Our lean manufacturing model, and business agility allow us to pivot quickly in response to market conditions," comments Andrews. Through both toll-processing activities and bulk-ingredient sales, Nextleaf Labs supplies high-quality ingredients to leading national brands, utilizing the Company's multi-patented, highly automated, closed-loop extraction system. Nextleaf Labs is a trusted Licensed Processor and home to flagship brand Glacial Gold To view an enhanced version of this graphic, please visit: Q2 FY2025 Outlook The Company will prioritize and allocate working capital to the following strategic initiatives throughout the second quarter of FY2025: Operational Expansion: Increased manufacturing shifts and multi-department hiring to support growth in CPG sales as well as infrastructure improvements. Commercialization: 3 new product launches expected in Q2, in addition to 4 expanded listings for existing products across core markets (BC, AB, ON) Brand Refresh: Improved creative direction including enhanced visual identity, digital communications, and trade marketing for in-house brand Glacial Gold, celebrating its 10-year anniversary in 2025. Event Announcements On International Women's Day 2025 (March 6th), Nextleaf CEO Emma Andrews will be speaking at Radicle Femmes in Toronto ON, Canada's largest networking event celebrating women in weed. Hosted by Marigold PR, in partnership with VIP Sponsor the Ontario Cannabis Store (OCS), Andrews' panel will feature insights about building and scaling brands that resonate. Nextleaf will be in attendance at the International Cannabis Business Conference in Berlin Germany, April 29-30 2025. This is part of Nextleaf's commitment to increasing their focus on ingredient export through Commercial Partnerships. The Company welcomes relevant business development outreach from potential partners in attendance: info@ Share Issuance Nextleaf has issued 476,923 common shares of the Company to a consultant to settle a $31,000 outstanding balance. The consultant has agreed to accept such shares in full satisfaction of the debt. About Nextleaf Solutions Ltd. Nextleaf® is an innovation-driven life science company, and licensed cannabis processor with a portfolio of federally regulated emerging consumer brands, market validated cannabis derivative products, and high-potency bulk ingredients. Nextleaf's multi-patented, highly automated, closed loop extraction and distillation technology sets the global standard for processing cannabis at scale. With coast-to-coast distribution, Nextleaf branded products and ingredients are sold through both medical and recreational channels. Featuring the acclaimed brand Glacial Gold, leading multiple categories nationally, including cannabis softgels, vapes, and oils. The Company has been issued 19 U.S. patents, and 75+ patents globally, on cannabinoid processing including extraction, distillation, and acetylation. On behalf of the Board of Directors of the Company, Emma Andrews, CEO Contact: investors@ Nextleaf Solutions on LinkedInLearn More: Nextleaf trades as OILS on the Canadian Securities Exchange, OILFF on the OTCQB Market in the United States, and L0MA on the Frankfurt Stock Exchange. Disclaimers and Disclosure Statements: Certain statements contained in this press release constitute "forward-looking statements" within the meaning of applicable securities laws. All statements other than statements of historical fact contained in this press release, including, without limitation, statements regarding the Company's anticipated delivery of its products to provincial markets across Canada and those regarding the Company's strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company's MD&A for the most recent fiscal period. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law. The Canadian Securities Exchange has not reviewed or approved the contents of this press release. Non-IFRS Financial Measures This press release includes references to "EBITDA", which are not defined under International Financial Reporting Standards (IFRS). The intent of these non-IFRS measures is to provide additional useful information to investors and analysts. These non-IFRS measures do not have a standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other entities. As such, these non-IFRS measures should not be considered in isolation or used as a substitute for measures of performance prepared in accordance with IFRS. EBITDA is considered as a useful measure by management to understand the profitability of Nextleaf Solutions excluding the effects of certain non-operating items. To view the source version of this press release, please visit Sign in to access your portfolio
