Nextleaf Solutions reported gross revenue of $3.85 million in its most recent quarterly report for the three months ended December 31, 2025 (Q1 2025), net revenue of $2.9 million, and $530,432 in income. 

While gross revenue was up 16% year-over-year from the previous quarter’s $3.81 million (Q4 2024), it was down year-over-year from $4.1 million in Q1 2024. Income and comprehensive income were up year-over-year from $132,821 at the end of 2024, at a loss of $1.4 million in the previous quarter. 

The bulk of Nextleaf’s revenue stream in Q1 2025 was its various branded extract products, its Glacial Gold series, bringing in nearly $3.6 million. Bulk distillate sales brought in another $140,179 while private label sales brought in $158,304.

The company disaggregated its revenues from the sale of goods between sales of bulk distillate, branded (Glacial Gold) vape pens, oils, and softgels, and private label, which include toll processing and other services. Each type of revenue is produced by a single operating/production division.

The majority of sales in each category were in the BC market, with $2 million in branded sales, and another $55,340 in bulk distillate and private label sales. 

Nextleaf reported a temporary shift in Q1 FY2025 to prioritizing toll-processing activities for commercial partners over bulk ingredient production for B2B sales. 

“When our vault is loaded and we’re focused on toll-processing, the most impactful opportunity for us is to continue to scale CPG sales with our flagship brand, Glacial Gold. This includes product innovation and deepening our in-market impact through expanded presence,” said Nextleaf CEO Emma Andrews.

“By concentrating on higher margin activities, we improved our cost-of-sales and significantly increased profitability in Q1 delivering stronger shareholder value. Our lean manufacturing model and business agility allow us to pivot quickly in response to market conditions,” adds Andrews.

Nextleaf sells its branded cannabinoid vapes, oils, and softgels in BC, Ontario, Nova Scotia, Manitoba, and Saskatchewan. It is also expanding its distribution in the prairie provinces by integrating additional partners to service Saskatchewan-based retailers. Lineage Distribution, currently servicing Nextleaf in Manitoba and “the northern Provinces,” is expanding its existing distribution network in Saskatchewan.