Nextleaf Solutions Ltd., a federally regulated manufacturer and distributor of cannabis extracts, is launching a new brand called High Plains.
High Plains will launch four initial one-gram vape cartridge SKUs with flavor profiles including Fruitquake, Cotton Cannon, Wild Watermelon and Blueberry Dream. The first vape products will be available in British Columbia this fall, with additional SKUs coming to Ontario in the new year.
The terms of the senior secured note issued to an institutional investor on March 31, 2021 was changed by Nextleaf.
The company has agreed to: in consideration for the amendments to the payment terms and maturity date of the note.
The warrants will be subject to a four month hold period from their issuance date under applicable Canadian securities laws.
Nextleaf issued an aggregate of 843,233 common shares at a deemed price of $0.08 to $0.11 per share to technical, operational, and corporate advisory consultants of the company, as compensation for services provided.
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