Canadian Cannabis Processor Nextleaf Reports 50% YoY Revenue Boost, Remains Debt-Free, Focused On Innovation

Cannabis processor Nextleaf Solutions Ltd. (CSE:OILS) (OTCQB:OILFF) (FSE: L0MA) announced its financial results on Thursday for the third quarter ending June 30th, 2024.

The Vancouver-based company achieved gross revenue of CA$4 million ($3 million), representing a 50% increase year-over-year and net revenue of CA$3,050,508, representing a 37% growth year-over-year. During the quarter the company maintained secure debt-free status.

"We’re entering a new phase of our long-term growth strategy," said interim CEO Emma Andrews. "We are committed to building a sustainable legacy and this involves expanding our marketing tactics, investing deeper into inventory, innovation, and product development to remain competitive. Staying true to our DNA we are uncompromising on ...