Featured Video Play Icon
  • Nextleaf Solutions (OILS) has acquired all rights associated with Glacial Gold, an award-winning, prohibition-era cannabis brand
  • The company plans to refresh the brand while still retaining its fun, authentic identity, and will initially launch the brand locally in British Columbia
  • The acquisition signifies the company’s launch into the world of branded consumer products, including vape products and bottled oils
  • Nextleaf is an innovative cannabis processor that owns one of the largest portfolios of U.S. patents for the extraction, distillation, and delivery of cannabinoids
  • Nextleaf Solutions Ltd. (OILS) is steady, trading at $0.24 per share

Nextleaf Solutions (OILS) has acquired all rights associated with Glacial Gold, an award-winning, prohibition-era cannabis brand.

The acquisition signifies the company’s launch into the world of branded consumer products, including vape products and bottled oils.

Glacial Gold brings with it a loyal customer base with its reputation for providing “unparalleled value and gained recognition” through distribution on a national scale.

Nextleaf and Glacial Gold have signed a copyright release which will allow Nextleaf to use the “Glacial Gold” brand identity on any products and formulations.

The company plans to refresh the brand as part of its launch strategy, which Nextleaf’s director of marketing Emma Andrews called the “2.0 version of Glacial Gold,” while still retaining the brand’s fun, engaging, authentic identity.

The brand will initially launch in its legacy market with an existing customer base in the Vancouver-based company’s “B.C. backyard,” said Ms. Andrews in the interview.

“We have our sights set on additional product formats that consumers have come to know and love from Glacial Gold, as well as innovation that will welcome in the next generation of consumers. This is a brand everyone can enjoy,” she added.

Nextleaf CEO Paul Pedersen also commented on the news.

“In alignment with our B2B extraction and processing business, this launch into B2C branded products allows us to fulfill the value of our IP through commercialization, diversify revenue streams, and utilize the cannabis plant to its full potential,” he remarked.

Nextleaf, through its wholly owned subsidiary Nextleaf Labs, filed initial applications with the provincial distribution boards for British Columbia and Alberta as part of the preliminary listing process, prior to entry into retail.

“We’ve been building towards this gold-rush and we’re ready to shake things up,” said Ms. Andrews.

Nextleaf is an innovative cannabis processor that owns one of the largest portfolios of U.S. patents for the extraction, distillation, and delivery of cannabinoids.

Nextleaf Solutions Ltd. (OILS) is steady, trading at $0.24 per share as of 12:07 pm ET.

More From The Market Online

The Market Online’s Weekly Cannabis Report – April 19, 2024

Cannabis news this week: Canopy Growth shareholders overwhelmingly voted to approve a new class of exchangeable shares.

Buzz on the Bullboards: Challenges amid inflation and geopolitical tensions

Canadian and U.S. stock markets grapple with a host of challenges, from surging inflation data to escalating tensions in the Middle East.

Xebra Brands receives second CBD approval by Mexican authority

Xebra Brands (CSE:XBRA) announces it has received its second COFEPRIS approval for CBD product authorization in Mexico.
Canopy Growth - CEO, David Klein.

Canopy Growth shareholders approve Canopy USA asset strategy

After rearranging its capital structure, Canopy Growth (TSX:WEED) will be closer to establishing a U.S.-based multi-state operator.