Bruce Campbell (2)
Nextleaf Solutions
OILS-CN
WATCH
Oct 15, 2021
Have an extraction technology that is different from competitors. Taken a long time for it to get to this point. Moving into production and some of their brands are moving up. Watching for the numbers in the next few quarters.
An up and coming cannabis extraction in Canada. Once they receive their license, they will ramp up and process for growers. They're based near Vancouver, an area full of cannabis production companies who need their services. (no price target)
They are building out a contract manufacturing and extracting facility. They are just coming into the spot where they will start to see significant revenue contracts and cash flow.
(A Top Pick May 01/19, Down 56%) It has sold off with the overall cannabis sector. They have been building their facility and the stock price was probably a little ahead of itself last year. They are developing patents and signing up clients. He will continue to own them.
He hasn't seen the new plant, but it seems impressive. It's like a mini-refinery and not merely a machine. Their extraction business will continue to grow as the Canadian market matures which will demand more sophisticated extraction. This is where OILS fits in; they have many patents filed on their technology. Their ramp-up has taken longer as expected, but that's common in the cannabis space. Their warrants expire on Thursday, so are selling those shares, but next week the stock should see more life.
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