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NextLeaf boosts financing to C$4 million

The company said was boosting its non-brokered private placement to C$4 million thanks to investor interest

NextLeaf lab
NextLeaf's technology allows for low-quality, dried cannabis biomass to be processed into a high-purity distilled oil

Nextleaf Solutions Ltd (CSE:OILS) announced Monday that it is boosting its previously-announced non-brokered private placement to $4 million thanks to investor demand. 

NextLeaf has a patented process for the commercial scale production of cannabinoid distillate, the precursor to every cannabis-infused product. The company’s technology allows for low-quality, dried cannabis biomass to be processed into a high-purity distilled oil.

READ: Nextleaf Solutions to raise up to C$2M through a private placement

The units issued under the financing deal will be subject to a four-month hold period.

Shares of NextLeaf were at C$0.58 on Monday. 

Contact Katie Lewis at [email protected]

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Price: 0.295 CAD

CSE:OILS
Market: CSE
Market Cap: $31.79 m
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