Vancouver, British Columbia — March 3, 2026 — Leads & Copy — Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA), a life science company and Canadian cannabis processor, has announced its financial results for the three months ended December 31, 2025 (“Q1 FY26”), reporting gross revenue of CAD $3,994,369, net revenue of CAD $3,020,519, and gross profit of CAD $1,288,197.
The company reported that Q1 FY26 marked continued execution, with sustained profitability, improved working capital, and positive operating cash flow.
Gross revenue increased to approximately $4 million, up 3.7% from Q1 FY25 at $3,852,505, alongside net revenue increase of 4.6% to $3.02 million. This was driven by momentum across the company’s portfolio of branded extract products, reflecting the company’s strategic emphasis on higher-margin activities, including consumer packaged goods (vapes, oils, and softgels).
Gross profit increased year-over-year to $1.29 million. The company generated positive net income of $259,171 and positive adjusted EBITDA of $349,961 for the quarter, marking the company’s fifth consecutive quarter of positive adjusted EBITDA.
Nextleaf generated positive operating cash flow of $348,609 during Q1 FY26, contributing to a strengthened cash position and improved working capital year over year. The company continues to operate without secured debt.
In November 2025, Nextleaf announced the national launch of Yard Cannabis, a recreational brand designed to serve adult-use consumers seeking high-potency extracts, premium inputs, and an improved consumption experience through next-generation hardware.
Yard expands the company’s house of brands and complements flagship brand Glacial Gold’s leadership in non-combustible formats for value-seeking wellness consumers.
Emma Andrews, CEO of Nextleaf Solutions, said that Q1 FY26 reflects continued discipline across their operating model, from margin protection to capital efficiency and that they are building a consistently profitable platform with a strong balance sheet and scalable infrastructure.
Nextleaf enters the second quarter (January-March 2026) focused on:
Advancing international export opportunities and relationships.
Scaling the company’s branded product portfolio through increased distribution, and incremental product listings nationally.
Biomass processing and bulk ingredient manufacturing: single strain, organically grown, sourced-in-BC inputs.
ERP-driven digital integration and business intelligence optimization.
Maintaining positive operating cash flow and disciplined capital allocation.
The company remains committed to profitable growth and long-term shareholder value creation.
Nextleaf is a Canadian, federally licensed cannabis processor and life science company, delivering a portfolio of high purity cannabinoid ingredients and branded derivative products at scale. Nextleaf maintains end-to-end controls and oversight across sourcing, extraction, distillation, formulation, and finished goods through a multi-patented, automated, closed-loop system. Nextleaf holds 19 U.S. patents and over 75 patents globally covering advanced cannabinoid processing, including extraction, distillation, and acetylation.
Nextleaf’s house of brands includes a range of value-driven and soft-premium offerings through Glacial Gold, High Plains Cannabis, and recently launched Yard Cannabis. Distributed coast-to-coast across medical and recreational channels, with an emerging niche amongst wellness consumers, Nextleaf’s portfolio includes GMP-compliant and export-ready pharma-grade ingredients and products.
Source: Nextleaf Solutions Ltd.
