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Nextleaf Labs Signs Cannabis Extraction Agreement With Atlantic Canadian Producer

Apr 14, 2020 | Original story from NextLeaf

Nextleaf Labs Signs Cannabis Extraction Agreement With Atlantic Canadian Producer

Nextleaf Labs Ltd., a Health Canada licensed standard cannabis processor, has entered into a cannabis extraction agreement with an early pioneer in legal cannabis production in Atlantic Canada, and one of the strongest selling brands in the region.

Pursuant to the agreement, the client will provide cannabis biomass which Nextleaf Labs will process into refined and distilled THC and CBD oils using Nextleaf’s patented extraction and purification platform. Nextleaf Labs will retain a portion of the finished product, which will then be supplied to the wholesale market.

The initial term of the agreement will end on the earlier of 12 months, and the date upon which 10 metric tons of biomass has been processed. Nextleaf Solutions will receive economic benefit of processing activities conducted by Nextleaf Labs pursuant to agreements between the companies.

“We are very pleased to be working with one of the leading cannabis brands in Atlantic Canada, built on consistent high-quality products that consumers trust” stated Nextleaf CFO, Charles Ackerman.

“Having built what we believe to be the most efficient cannabis oil refinery in Canada, Nextleaf looks forward to providing economical processing solutions for our clients from coast to coast,” continued Ackerman.



This article has been republished from material provided by Nextleaf Solutions Ltd. Note: material may have been edited for length and content. For further information, please contact the cited source.

 

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