- Nextleaf Solutions Ltd. (OILS) has announced the planned launch its Glacial Gold softgels this summer
- The announcement of the new softgel product signifies the company’s expansion into the “capsules” category
- Kevin Keagan will also join the executive team and board of directors as CFO
- Nextleaf is a federally regulated manufacturer and distributor of cannabis vapes and oils
- Shares of Nextleaf Solutions Ltd. (OILS) remain unchanged, trading at $0.13 as of 9:58 am ET
Nextleaf Solutions Ltd. (OILS) has announced the planned launch of its Glacial Gold softgels this summer.
The announcement of the new softgel product signifies the company’s expansion into the “capsules” category.
The company noted that Glacial Gold softgels will provide value in quality and price per milligram compared to other regulated capsules and edible products. Glacial Gold softgels will be made with high-purity cannabis distillate in a base of organic coconut MCT oil.
While softgels utilizing tetrahydrocannabinol (THC), cannabidiol (CBD), and other rare cannabinoids as ingredients are relatively new to consumers as a regulated adult-use product, the global softgel market is estimated to reach $9.59 billion (USD) by 2027.
THC and CBD softgels offer consumers a familiar alternative in an easy-to-dose format.
By controlling the price and quality of ingredients with Nextleaf’s patented processing technology, the Glacial Gold brand is being positioned as a price-point and value leader in distillate-focused product categories, including vape, oils, and softgels.
Glacial Gold is the #2 selling brand in CBD & balanced oils by revenue in British Columbia.
Nextleaf is pleased to announce the addition of Kevin Keagan to its executive team and board of directors.
As the incoming Chief Financial Officer, Kevin Keagan brings over 20 years of experience as a business executive holding various senior finance and leadership roles across multiple industries including cannabis and capital markets.
Keagan brings deep expertise in capital management, compliance, manufacturing, contract management, pricing strategy, and corporate finance.
“As we continue our commercial ramp up and scale our fundamentals – driven by leveraging our significant IP portfolio, increasing distribution of Glacial Gold products, and accelerating our cannabinoid ingredient supply business, Kevin’s experience will help ensure that Nextleaf is well positioned to execute on our strategic plans to build a profitable future,” said Paul Pedersen, CEO of Nextleaf.
Charles Ackerman will transition out of his role as CFO and director of the company as of April 28th, 2022 but will continue to support the company’s finance department as well as serve as a key strategic advisor to senior management.
Nextleaf is a federally regulated manufacturer and distributor of cannabis vapes and oils.
Shares of Nextleaf Solutions Ltd. (OILS) remain unchanged, trading at $0.13 as of 9:58 am ET.
