Shares of the cannabis extraction and processing technology company were trading at C$0.34 on Thursday.
The Vancouver-based company is developing intellectual property related to converting the cannabis plant into infused products through a scalable, repeatable process. NextLeaf has a number of issued and pending patents for processing purified cannabinoid distillate: a tasteless, odourless cannabis concentrate.
WATCH: Nextleaf Solutions begins trading on the Canadian Securities Exchange
"I firmly believe NextLeaf's intellectual property portfolio for improving the purity and yield of cannabinoids obtained through the extraction and purification of cannabis biomass will be extremely impactful with the global legalization of cannabis and rapidly growing demand for oils and derivative products in medical and adult-use markets," CEO Paul Pedersen in a statement.
NextLeaf has an extraction and processing facility in Vancouver and will provide B2B (business to business) processing services to licensed cultivators. It supplies cannabis oil and extracts to qualified Canadian and international partners under the clients' own brands.
Canada's federal government is expected to legalize edibles and cannabis concentrates by October 2019.
NextLeaf's processing facility includes research and lab infrastructure that will give the firm the ability to continue to develop its cannabis processing technology and intellectual property.
Proactive Investor's Steve Darling sat down with CEO Paul Pedersen to chat about the CSE listing and what's ahead for the company.
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