The company, through binding agreements with license holders or direct license ownership, is focused on becoming a leading cultivator, extractor and innovator in the highly lucrative US cannabis market.
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I’m Fiona Forbes for Investmentpitch Media
New Leaf Ventures is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “NLV”.
The company, through binding agreements with license holders or direct license ownership, is focused on becoming a leading cultivator, extractor and innovator in the highly lucrative US cannabis market.
New Leaf Ventures recently acquired 100% of New Leaf USA Inc. and its subsidiaries, RealEstateCo,
EquipmentCo, IPCo, ServicesCo and HempCo.
These subsidiaries provide licenses, consulting services, real property, intellectual property and equipment for lease and ancillary services to a Washington-based Tier 3 Producer/Processor.
RealEstateCo leases a 30,000 square foot facility to a cannabis License Holder in exchange for monthly fees.
The facility includes flower rooms, vegetative rooms, greenhouse and warehousing facilities, a lab
and space to develop a commercial kitchen, where the License Holder can produce and/or process cannabis flower and trim, vape products, oils, wax, pre-rolls, capsules and other edibles and oils.
New Leaf USA has an option to purchase the underlying cannabis license of the License Holder should the laws of Washington State change to allow non-resident ownership of cannabis licenses.
IPCo owns a number of trademarks, including WEED and the renowned DAMA brand and other intellectual property, including domain names, trade secrets, recipes for edible and vapour products,
These brands are supplied across Washington State.
Dama products are also available online at www.damalife.com.
For 2020, management anticipates generating 50% of its revenue from dried flower and hemp, with 37% coming from concentrates and oils.
The company recently raised gross proceeds of $1,192,000 from the placement of approximately 4.8 million units priced at $0.25 per unit.
Each unit contains one share and one-half a warrant, with a full warrant exercisable at $0.40 for 24 months, subject to an acceleration clause.
Mackie Research Capital acted as agent for the IPO.
The shares are trading at $0.28.
For more information, please visit the company’s website www.newleafventuresinc.com.
Investor relations is handled Walter at Invictus Investor Relations, who can be reached at 604-343-8661 or by email at walter@invictusir.com.
I’m Fiona Forbes for Investmentpitch Media
