- New Leaf Ventures (NLV) has released an outlook for its first quarter strategic plans at its New Leaf USA Seattle operations
- The company plans to implement more efficient processes and new automation systems that would lead to decreased overhead and increased margins
- New Leaf will be launching a new line of edible gummies and is developing its flagship cannabis beverage line ASTAR
- New Leaf USA is ramping up efforts to become a multi-state operator in 2022
- New Leaf Ventures is a licensed producer and processor of ultra-premium cannabis
- Shares in New Leaf Ventures (NLV) are currently trading at $0.105 per share
New Leaf Ventures (NLV) has released an outlook for its first quarter strategic plans at its New Leaf USA Seattle operations.
The company plans to implement more efficient processes that would lead to decreased overhead and increased margins despite its position in a challenging marketplace.
“It’s no surprise the sector as a whole has seen unexpected stressors and challenges recently,” said New Leaf USA CEO Dax Colwell. “I believe it’s a testament to our investment and management model that helped provide New Leaf with the focus, drive, vision, expertise, and liquidity to comfortably make the important tough decisions in a timely and effective way to fight back and persevere through tough times.”
New automation systems that the company plans to implement in 2022 include a ‘Multi-Scale’ system for automated biomass weighing and packaging, a ‘Flow Wrapper’ for edible packaging, an “Automated Pre-Roll” system, and an ‘Automated Vape Cartridge’ machine.
In recognition of the undeniable consumer interest in edible products, New Leaf will be launching a new line of edible gummies as a line extension of the successful Goodies hard candies and caramels. The gummies will offer several different texture options and over a dozen flavors.
New Leaf also remains committed to the development of flagship cannabis beverage line ASTAR, with current projections for production targeting early 2022.
2022 will also signal the start of a new generation of in-house cannabis strains that have been under preparation and are being readied for launch throughout 2022.
The company will continue to develop its brand combined with structured marketing to increase consumer feedback.
“Overall,” added Mr. Colwell, “we are very pleased by the team’s determination and their ability to dig deep when it counts and come up with exciting news ideas, products, and strategies for success that are the hallmark of unity and effective leadership.”
New Leaf USA is ramping up efforts to become a multi-state operator in 2022, focusing on new recreationally or medically legal states, or those with legalization on the horizon.
New Leaf Ventures is a licensed producer and processor of ultra-premium cannabis. The company’s flagship enterprise is New Leaf USA and its subsidiaries.
Shares in New Leaf Ventures (NLV) are currently trading at $0.105 per share.
