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New Leaf Ventures Inc (NLV.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
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0.4400-0.1400 (-24.14%)
At close: 3:59PM EST
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Previous Close0.5800
Open0.5800
Bid0.4350 x N/A
Ask0.5000 x N/A
Day's Range0.4300 - 0.5800
52 Week Range0.2150 - 0.7800
Volume165,981
Avg. Volume166,809
Market Cap16.597M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.1300
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • New Leaf Ventures Updates Beverage Product Developments and Acceleration of Warrant Expiry
    GlobeNewswire

    New Leaf Ventures Updates Beverage Product Developments and Acceleration of Warrant Expiry

    VANCOUVER, British Columbia, March 02, 2021 (GLOBE NEWSWIRE) -- New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) (“New Leaf,” “NLV” or the “Company”), a management and investment organization dedicated to evaluating, investing and accelerating advanced stage operations in the North American Cannabis sector advises that its New Leaf USA venture is pleased to update activities related to the ongoing business opportunity with Washington-based Schilling Hard Cider (“Schilling”). As noted in our news release of November 10, 2020, New Leaf inked a strategic collaborative partnership with Seattle’s Schilling Hard Cider for entry into the cannabis infused beverage marketplace. The arrangement encompassed the creation of proprietary formulations, brand, and distribution strategies across a proposed family of cannabis infused beverage products. After an initial period of research and development of proprietary formulations for its proposed products, New Leaf is advancing the project into branding and visual design of the product family. Current plans position the manufacturing of three 12oz canned beverage flavors to be sold in 4-pack configuration and have arrived at the final stages of recipe development. Many current brands in the marketplace offer single serving beverages with 100mg of THC (the maximum allowed by law) which can complicate personal dosing accuracy. The beverages proposed by New Leaf are formulated to contain 2-4mg of THC and designed to have the same drinkability as beer or hard cider. The products are proposed as suitable for 1-3 bottles or cans consumed in an evening to achieve a light to medium effect. Attention to flavor and healthier ingredients is a natural value-add targeting the health-conscious consumer. New Leaf, in consultation with the team at Schilling have undertaken a series of market research and focus group studies to ensure accurate branding reflective of key consumer demographics. The program includes a competitive landscape assessment including most western states, and consumer surveys for desirability, flavor profiles, pricing sensitivity, and eventual A/B testing of overall brand identity. Brand positioning will rely on research data analysis to develop a compelling identity, story copy, SKU specific art for cans and boxes, point of sale (POS) display artwork, digital assets, and vendor introductory materials. Operationally, the New Leaf team has been working with Schilling to finalize the equipment purchases and installation plans to mix, chill, carbonate, pasteurize, fill and seam cans, and CIP at customer locations at a projected rate of 15 cases per hour. At launch, the product will be produced in the new commercial kitchen upgraded through New Leaf USA’s recent investments and are planned for distribution within Washington State in Q3 of 2021. Michael Stier, CEO of New Leaf Ventures, states, “We are incredibly pleased by the considered approach and commitment to excellence in this venture. The opportunity continues to grow, the statistics continue to trend positively, and we are excited to add infused beverages into our product mix. Each step undertaken through the acquisition of new equipment improves efficiency and productivity. Combined with agreements that bring new ways of improving our product mix, alongside the introduction of proven business methods and practices is a further demonstration as to how we intend to move the needle forward toward increasing the fundamental asset worth of our holdings. It’s an exciting time to be building a business in this expanding marketplace.” Furthermore, the Company announces the acceleration of 2,143,165 outstanding warrants (the "Accelerated Warrants") that were previously issued in connection with the Company’s initial public offering of units. Each Accelerated Warrant entitles the holder thereof to purchase one common share in the capital of the Company at a price of $0.40; the original exercise period of the Accelerated Warrants was 24 months, however, as a result of the Company’s common shares trading above $0.60 for the last 10 consecutive trading days, the exercise period has been accelerated such that it now expires within 30 days (March 31, 2021). Any Accelerated Warrants unexercised as of the new expiry date will be void and of no effect whatsoever. Lastly, in preparation for the Q4 audit the Company uncovered a clerical error in the original IP Licensing agreement between New Leaf IP, LLC (“New Leaf”) and New Leaf Enterprises, Inc. (“NLE”) whereby Section 4.1 states any interest owing on overdue amounts will be calculated at “fifteen percent (15%) per month” when it should state “fifteen percent (15%) per year. The Companies have rectified the language and any past due amounts will reflect the proper and originally intended calculation. About New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF)New Leaf Ventures Inc. is developing a cannabis sector-based scalable securities concept of focused financing and applied management to achieve earnings growth through targeted investment. The Company’s flagship enterprise is New Leaf USA and its subsidiaries, which provide licenses, consulting services, real property, intellectual property and equipment for lease and ancillary services to a Washington-based Tier 3 Producer/Processor focused on cultivating, growing, processing, packaging, and distributing cannabis and cannabis related products. Find out more at: https://newleafventuresinc.com/. For further information, please contact:New Leaf Ventures Inc.Invictus Investor RelationsTel: +1 (604) 330-9220Email: investors@newleafventuresinc.com Forward Looking Statement This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the objectives and business plans of the Company; ability to realize benefits from its recent corporate appointments; ability to retain its key personnel; the intention to grow the Company’s business and operations; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company. Forward-looking information is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; and the Company’s ability to secure financing on reasonable terms. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s management discussion and analysis for year ended December 31, 2019 under the heading “Risks and Uncertainties”. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws. The CSE does not accept responsibility for the adequacy or accuracy of this release.

  • New Leaf Ventures Launches DAMA HEMP CBD Branded Product Lineup
    GlobeNewswire

    New Leaf Ventures Launches DAMA HEMP CBD Branded Product Lineup

    VANCOUVER, British Columbia, Feb. 17, 2021 (GLOBE NEWSWIRE) -- New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) (“New Leaf,” “NLV” or the “Company”), a management and investment organization dedicated to evaluating, investing and accelerating advanced stage operations in the North American Cannabis sector advises that its New Leaf USA venture is pleased to announce the launch of a new nation-wide CBD-only product line under its highly popular premier Dama Brand. The Company’s flagship Dama Brand product team today announced extensive plans for entry into the growing CBD marketplace. The proposed lineup will feature herbal blend tinctures, soft gels, and topicals. These proposed high-quality hemp products will benefit from a nation-wide rollout launching in Q1 2021. The new products will be marketed direct to consumer through an e-commerce platform and concurrently wholesaled to multi-outlet grocery, and pharmacy retailers. With growing global consumer interest in the CBD market, particular emphasis on source-origin and attention to high grade cultivation and premium nutrient inputs are paramount to meet the criteria of well-informed health-conscious individuals. NLV brings decades of extensive cannabis industry knowledge to understand and choose the best formulations. The team’s passion for the healing properties of the hemp plant brings great pride and excitement to supply consumers not only in Washington but across the entire United States. "The CBD market is evolving and expanding, and we see an opportunity to lead the sector through the direct application of our industry knowledge and experience” said Dax Colwell, CEO, New Leaf USA & Director of New Leaf Ventures Inc. “We can educate consumers about the benefits of different cannabinoids and holistic plant science with a trusted, safe, effective product." In November of last year, New Leaf announced the development of a CBD beverage, and this latest project will round out and extend the overall product offering to retailers and consumers alike. The Company’s commitment to CBD extends co-founder Dax Colwell’s personal vision. He has been a champion of CBD since he launched ‘Leaf of Hope’ in November 2013 for 30 families that provided "at risk" children with a CBD-rich strain of cannabis known as AC/DC. Children in the program ranged in age from 3-20, most of whom are suffering from intractable epilepsy diagnoses. The results from the program were incredibly positive, seeing a reduction in seizure frequency in addition to tremendous quality of life improvements. CBD is a non-psychoactive cannabinoid, native to Cannabis. Hemp products are classified through the FDA as containing less than .3% THC. Mounting scientific evidence is supporting the anecdotal efficacy of CBD regarding a host of disorders. Products will include plant based herbal formulations designed for wellness, balance, reduction of stress, and body tension. According to a recent report by Research and Markets “Global CBD Oil Market 2021-2025”, the market is poised to grow by $3.05 billion during 2021-2025 progressing at a CAGR of 27% during the forecast period. About New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF)New Leaf Ventures Inc. is developing a cannabis sector-based scalable securities concept of focused financing and applied management to achieve earnings growth through targeted investment. The Company’s flagship enterprise is New Leaf USA and its subsidiaries, which provide licenses, consulting services, real property, intellectual property and equipment for lease and ancillary services to a Washington-based Tier 3 Producer/Processor focused on cultivating, growing, processing, packaging, and distributing cannabis and cannabis related products. Find out more at: https://newleafventuresinc.com/. For further information, please contact:New Leaf Ventures Inc.Invictus Investor RelationsTel: +1 (604) 330-9220Email: investors@newleafventuresinc.com Forward Looking Statement This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the objectives and business plans of the Company; ability to realize benefits from its recent corporate appointments; ability to retain its key personnel; the intention to grow the Company’s business and operations; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company. Forward-looking information is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; and the Company’s ability to secure financing on reasonable terms. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s management discussion and analysis for year ended December 31, 2019 under the heading “Risks and Uncertainties”. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws. The CSE does not accept responsibility for the adequacy or accuracy of this release.

  • New Leaf Ventures Preps 2021 Expanded Product Lineup with Strategic Branding
    GlobeNewswire

    New Leaf Ventures Preps 2021 Expanded Product Lineup with Strategic Branding

    VANCOUVER, British Columbia, Feb. 09, 2021 (GLOBE NEWSWIRE) -- New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF) (“New Leaf,” “NLV” or the “Company”), a management and investment organization dedicated to evaluating, investing and accelerating advanced stage operations in the North American Cannabis sector is pleased to announce that in anticipation of new product roll outs at its New Leaf USA venture with brand license operator New Leaf Enterprises, the Company has commenced an ambitious strategy commencing with the engagement of a regional creative branding firm and implementation of significant operational developments. In preparation for the upcoming rollout of its new products, NLV recently engaged Fire Creative Branding of Seattle to design branding and packaging for several new lines of cannabis products including candies, beverages, and tinctures. Adding depth to this program is a co-promotional strategy which will allow acceleration of market share through alignment with complementary prestige brands. Jessica Ivey, CEO of Fire Creative has developed and implemented go-to-market strategies in the evolving cannabis industry since legalization in 2012. Her skill set brings years of industry knowledge and insight towards the creation of next generation brand identities as part of an integrated strategy to build appeal across increasingly broad demographics and audiences. Notable efforts included her work with the well-known and respected Willie’s Reserve brand on compliance and packaging design. Robert (Dax) Colwell, CEO of New Leaf USA & Director at New Leaf Ventures Inc. said, “We are thrilled to be working with Jessica once again on the development of new brand strategies and direction. She brings a new breath of enthusiasm and perspective we respect and encourage. I’m personally delighted by the concepts she has already developed and are looking forward to several upcoming public launches and feel certain we will earn a lot of interest and retail traction as we begin to appreciably broaden our product offering.” In related news, January saw NLV launch four new flavors of hard candies under the Goodies brand. Blue Raspberry, Wild Strawberry, Mango, and Green Apple now complement the existing soft caramel and hard caramel product lines. These new flavors are continuing to build a well-rounded assortment of high-quality edibles made with all-natural ingredients focused on flavor. Leading the development of new product innovation is our head chef Monto Kalia, who graduated valedictorian from the French Culinary Institute in New York City. Monto has worked with culinary giants as assistant to Jacques Pepin and notably prepared a private dinner for Julia Child. He holds an extensive background in recipe development for cannabis brands including Pioneer Squares and Kali Creamery. Another new candy brand under product development is “Spaceballs” offering unique soft sour centers with crunchy shells in a 10mg THC candy. Some of the first flavors offered in this product line will be Strawberry Margarita and Hawaiian Pog. NLV is also in the second round of tasting for three formulations of THC infused beverages developed in partnership with Schilling Cider. Current plans include the construction of an in-house aluminum can assembly and bottling line for production scalability. Beverage branding is also being developed with a very meticulous approach incorporating market research and focus groups to define specific target audiences in this growing category. Branding efforts are being contracted with Schillings as part of the overall brand development agreement. Subject to finalization of plans and construction efforts, New Leaf USA intends to launch in the Washington market in Q2 2021. Boris Gorodnitsky, President, New Leaf USA & a Director at New Leaf Ventures Inc. notes, “The build-out of our all-new 7000 sq. ft. commercial kitchen is underway and on track for completion by the end of March. This facility will significantly expand our cannabis extraction and distillation capability to support the increased demand from the Goodies line, our THC beverages, and bulk concentrate sales. Additionally, in support of our exciting efforts with Schilling Cider, we have engaged Sorse Technology, an industry leader in cannabis extraction to supply the water-soluble emulsion material which allows THC to be mixed with water. We are making well considered strategic decisions as to which technologies to bring in-house and carefully identifying and engaging those external firms which most efficiently best support our growing value development ambitions.” About New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF)New Leaf Ventures Inc. is developing a cannabis sector-based scalable securities concept of focused financing and applied management to achieve earnings growth through targeted investment. The Company’s flagship enterprise is New Leaf USA and its subsidiaries, which provide licenses, consulting services, real property, intellectual property and equipment for lease and ancillary services to a Washington-based Tier 3 Producer/Processor focused on cultivating, growing, processing, packaging, and distributing cannabis and cannabis related products. Find out more at: https://newleafventuresinc.com/. For further information, please contact:New Leaf Ventures Inc.Invictus Investor RelationsTel: +1 (604) 330-9220Email: investors@newleafventuresinc.com Forward Looking Statement This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the objectives and business plans of the Company; ability to realize benefits from its recent corporate appointments; ability to retain its key personnel; the intention to grow the Company’s business and operations; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company. Forward-looking information is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; and the Company’s ability to secure financing on reasonable terms. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s management discussion and analysis for year ended December 31, 2019 under the heading “Risks and Uncertainties”. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws. The CSE does not accept responsibility for the adequacy or accuracy of this release.