On August 29, 2024, Nextleaf Solutions Ltd. released its financial results for the third quarter ending June 30th, 2024. The company reported gross revenue of $4,012,000, reflecting a 50% increase year-over-year, and net revenue of $3,050,508, representing a 37% growth year-over-year. Additionally, the company reported an Adjusted EBITDA of $725,339.
Key highlights from Q3 FY2024 include maintaining a debt-free status, achieving record sales in Ontario and Alberta, and launching 10 new products under the Glacial Gold and High Plains brands. The company aims to introduce 5 new products, optimize inventory, upgrade infrastructure, enhance digital marketing and education efforts, and implement trade marketing initiatives in Q4 FY2024.
Nextleaf Solutions Ltd. is a leading life science firm and licensed cannabis processor with a focus on innovation, product quality, and market growth. The company holds multiple patents and operates under the brand names Glacial Gold and High Plains Cannabis.
Emma Andrews, Interim CEO of Nextleaf Solutions Ltd., emphasized the company’s commitment to sustainable growth and product excellence. The company’s upcoming initiatives and strategic plans aim to drive continued success and market expansion in the cannabis industry.
For additional information on the company’s financial performance and future plans, interested parties can refer to the original press release from Nextleaf Solutions Ltd. at the provided link.
