Nextleaf Labs definition

Nextleaf Labs means Nextleaf Labs Ltd., a company incorporated under the BCA.
Nextleaf Labs or "Labs"), a Health Canada licensed standard processor, has entered into a Cannabis Extraction Agreement (the "Extraction Agreement") with a licensed producer in Ontario, which is a premium white label flower producer (the "Client"). Pursuant to the Extraction Agreement, the Client provides cannabis biomass to be processed into THC distillate by Nextleaf Labs. The extraction services may be paid in-kind, with Nextleaf Labs retaining a portion of the resulting bulk THC distillate. The initial term of the Agreement will end on the earlier of (a) 12 months, and (b) the date upon which 1,000 kilos of marijuana have been processed by Nextleaf Labs. Nextleaf Labs wholesales THC and CBD oils through its Commercial Partners Program and provides cannabis extraction services. The Company's investment in intellectual property and its automated closed-loop extraction plant provides a clear competitive advantage supplying low-cost cannabinoid distillate. "We are pleased to have the opportunity to support our distribution partner's cannabis 2.0 product launches across Canada by supplying high-purity distillate," stated Nextleaf CFO, Xxxxxxx Xxxxxxxx.

Examples of Nextleaf Labs in a sentence

  • The Company wholesales THC and CBD oils and provides extraction services through its wholly owned subsidiary Nextleaf Labs Ltd., a Health Canada licensed processor.

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