Nextleaf Solutions Ltd. announced validation of its technology to produce THC-free Broad Spectrum CBD distillate from industrial hemp feedstock. Nextleaf is commercializing its patented technology by utilizing its new distillate-based ingredient to power the next generation of innovative CBD products distributed under the Company's prohibition-era brand, Glacial GoldTM, and supplying bulk THC-Free CBD ingredients to leading global CPG manufacturers in Canada and where cannabinoids are legal. The Company recently produced THC-Free CBD in anticipation of commercialization and has validated its hemp extraction and manufacturing process through third-party analytical testing.

Nextleaf expects to announce more details in the coming weeks on the launch of its first THC-Free CBD product, and the sale of bulk cannabinoids to B2B customers that require CBD compliant for distribution in Canada and intentionally.