- Nextleaf Solutions (OILS) has signed a supply agreement with the British Columbia Liquor Distribution Branch
- The deal is for the sale and distribution of the company’s cannabis oils and branded products under its Glacial Gold brand
- The company’s subsidiary will supply the BC Liquor Distribution Branch with large format THC and CBD ingestible oils, and vape cartridges
- Nextleaf acquired all rights associated with the Glacial Gold prohibition-era brand in May
- Nextleaf Solutions is unchanged, trading at $0.22 at 11:40 am ET
Nextleaf Solutions (OILS) has signed a supply agreement with the British Columbia Liquor Distribution Branch.
The deal is for the sale and distribution of the Vancouver company’s cannabis oils and branded products under its award-winning prohibition-era brand, Glacial Gold.
Under the supply agreement, the company’s wholly-owned subsidiary Nextleaf Labs will supply the BC Liquor Distribution Branch with large format THC and CBD ingestible oils, and vape cartridges produced at the company’s Health Canada licensed cannabis processing facility in Greater Vancouver.
Nextleaf Solutions owns one of the largest portfolios of U.S. patents for the extraction and distillation of cannabinoids.
In May 2021, Nextleaf acquired all rights associated with the Glacial Gold prohibition-era brand.
To support upcoming distribution, Glacial Gold has undergone a brand identity refresh and relaunched the website to transition from the prohibition-era into the legal, adult-use cannabis market regulated under the Cannabis Act.
The BC Liquor Distribution Branch is responsible for the wholesale distribution of non-medical cannabis to private retailers in British Columbia and is the public retailer of cannabis throughout the province under the brand ‘BC Cannabis Stores’.
“With valued partners here in B.C. supplying input biomass, and direct access to high-efficiency ingredient processing technology through Nextleaf Labs, the Glacial Gold brand is well positioned to be a value leader in all distillate product categories including vape and oils. We are excited to re-launch Glacial Gold, an authentic B.C. brand, in our home province, and honour the legacy and reputation it’s known for across Canada,” said Nextleaf Chief Executive Officer Paul Pedersen.
Nextleaf Solutions is unchanged, trading at $0.22 at 11:40 am ET.
