- Cannabis company Nextleaf Solutions (CSE:OILS) turned a profit in fiscal Q1 2026, earning net income of C$259,171, down from C$530,432 year-over-year
- Nextleaf is a coast-to-coast Canadian cannabis processor and life science company
- The cannabis stock has given back 8.33 per cent year-over-year and 80.36 per cent since 2021
Cannabis company Nextleaf Solutions (CSE:OILS) turned a profit in fiscal Q1 2026, which ended on December 31, 2025, reflecting momentum across branded extract products and a focus on higher-margins and consumer packaged goods. Here are the highlights:
- Gross revenue of CA$3,994,369, up by 3.7 per cent year-over-year (YoY).
- Net income of C$259,171, down from C$530,432 YoY.
- Net revenue of C$3,020,519, up by 4.6 per cent YoY.
- Gross profit of C$1,288,197.
- Gross margin of 43 per cent, up from 32 per cent YoY.
- Adjusted EBITDA of C$349,961, marking the company’s fifth-straight quarter with a positive results under the metric.
- Operating cash flow of C$348,609.
- Cash position of C$680,277 with no secured debt.
The quarter’s operational highlight was the national launch of the Yard Cannabis brand, which caters to recreational customers seeking high-potency products and next-generation hardware, adding market depth to Nextleaf’s portfolio and complementing its flagship Glacial Gold brand’s leadership in the non-combustible format.
According to Tuesday’s news release, focuses for fiscal Q2 2026 include advancing internal exports, increasing distribution, biomass processing and bulk ingredient manufacturing, as well as digital integration and business intelligence optimization, all while fostering positive operating cash flow and disciplined capital allocation.
Management commentary
“Q1 FY26 reflects continued discipline across our operating model, from margin protection to capital efficiency,” Emma Andrews, chief executive officer of Nextleaf Solutions, said in a statement. “We are building a consistently profitable platform with a strong balance sheet and scalable infrastructure. In a competitive market, execution remains our differentiator.”
About Nextleaf Solutions
Nextleaf is a coast-to-coast Canadian cannabis processor and life science company. The company offers high-purity cannabinoid ingredients and branded products at scale backed by 19 US patents and over 75 patents globally. Its brand portfolio includes Glacial Gold, High Plains Cannabis and Yard Cannabis.
Nextleaf stock (CSE:OILS) is unchanged trading at C$0.055 as of 9:46 am ET. The stock has given back 8.33 per cent year-over-year and 80.36 per cent since 2021.
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