On August 22, 2024, Nextleaf Solutions Ltd., a licensed cannabis processor based in Vancouver, British Columbia, provided an update on their Commercial Partners Program. This strategic update comes as a result of improved stability in the supply chain and increased production and manufacturing capacity due to internal investments.
The Commercial Partners Program focuses on mutually beneficial agreements with partners to ensure stability and industry health, strategic alignment in vision or values for building authentic relationships, and leveraging core capabilities to complement strengths and offer alternatives to vertical integration.
Nextleaf offers services within the Commercial Partners Program such as rapid innovation, contract manufacturing, white labeling, toll-processing, and bulk ingredient sales. The program emphasizes a competitive yet collaborative spirit towards achieving mutual success.
An example of the Commercial Partners Program in action is Miracle Valley, a licensed producer based in Mission, BC. They are re-entering the Canadian market through a partnership with Nextleaf, launching various products under Nextleaf’s processing and sales license. Miracle Valley’s focus on unique, high-potency strains benefits from Nextleaf’s speed-to-market capabilities and long-standing relationship.
Nextleaf is an innovative cannabis processor with a portfolio of regulated consumer brands and high-potency bulk ingredients. They have received multiple patents for their extraction and distillation technology and distribute products nationally through medical and recreational channels.
Miracle Valley, on the other hand, is known for cultivating premium craft flower and has re-entered the Canadian recreational market after focusing on exports. Both companies emphasize quality, innovation, and strategic partnerships to drive success in the cannabis industry.
For more information about these companies, please visit their respective websites. This press release contains forward-looking statements and cautionary statements to provide useful information to investors. The Canadian Securities Exchange has not reviewed or approved the contents of this press release.
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