Replies to post #167 on Nextleaf Solutions Ltd. (OILFF)

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Tim Gillis Joins Nextleaf Board of Directors

Canada NewsWire

VANCOUVER, July 8, 2019


Seasoned Executive and Entrepreneur Brings Substantial Business Operations Growth and Pharmaceutical Technology Industry Experience

VANCOUVER, July 8, 2019 /CNW/ - Nextleaf Solutions Ltd. ("Nextleaf", "OILS" or the "Company") (CSE: OILS) (OTC: OILFF) (Frankfurt: L0MA) today announced that it has added Mr. Tim Gillis to its Board of Directors, effective immediately.


Nextleaf Solutions (CSE: OILS) (CNW Group/Nextleaf Solutions Ltd.)

Mr. Gillis most recently led STI Technologies Limited ("STI"), a leading healthcare technology company which connects physicians, patients, pharmacy and pharma with a variety of intelligent reimbursement solutions that empower choice amongst healthcare professionals and patients, ultimately improving patient outcomes. As Chief Executive Officer, Mr. Gillis navigated STI through a period of hypergrowth which culminated in a sale to IQVIA (NYSE: IQV). Mr. Gillis has previously held senior positions with Stantec Inc. (TSX: STN) and Clarke Inc. (TSX: CKI) and throughout his career has completed over $345MM in strategic transactions.

"Tim Gillis is a dynamic leader and is experienced in growing a disruptive technology company in the pharma industry. He is an excellent fit as Nextleaf continues to develop and monetize its intellectual property portfolio focused on industrial-scale cannabis extraction, purification, and derivative formulations" said Paul Pedersen, Chief Executive Officer at Nextleaf. "Tim's decades of operational and strategic experience in health care technology and the pharma industry will be an asset as we focus on building long term shareholder value."

"Nextleaf is at an exciting stage with THC and CBD based edibles and concentrates set to become legal across Canada this October. With its portfolio of issued and pending patents, the Company is well-positioned to capitalize on the global legalization movement," said Tim Gillis. "I look forward to working with Nextleaf's management team to leverage my experience in growing a technology company that specialized within the pharmaceutical industry. We are committed to fostering strong corporate governance by implementing best practices and positioning the Company as a technology leader in the cannabis industry."

Concurrently with the addition of Mr. Gillis to the Board of Directors, Dr. Paul MacLeman has resigned as a director of Nextleaf to focus on his growing Australian business opportunities and commitments. Paul Pedersen said, "we would like to thank Mr. MacLeman for all his support and effort throughout an important stage of Nextleaf's development."

Options Grant

The Company has awarded a Director of the Company 150,000 options, pursuant to the Company's Stock Option Plan, exercisable at a price of $0.50 per common share.

Licensing Update

OILS is pleased to announce the Affirmation of Readiness and Video Evidence Package (the "Evidence Package") has been submitted to Health Canada for Nextleaf's built-out extraction and processing facility in Greater Vancouver, British Columbia. The Evidence Package submission is the final step required in order to demonstrate and confirm to Health Canada that a facility is fully built, operationally ready and in compliance with the Cannabis Act, prior to being issued a Standard Processing License. Health Canada has indicated a service standard within 60 days from submission of a completed Evidence Package.

About Nextleaf

Nextleaf Solutions Ltd. (CSE: OILS) is an extraction technology company that has developed a portfolio of issued and pending patents pertaining to the Company's unique, industrial-scale process of producing purified cannabinoid distillate, a tasteless, odourless cannabis concentrate best suited for infusing premium value-added products. Upon cannabis concentrates becoming legal across Canada on October 17, 2019, Nextleaf plans to commercialize its intellectual property portfolio through B2B processing services to licensed cultivators and the supply of cannabis oils and concentrates to qualified Canadian and international partners.


For more information visit www.nextleafsolutions.com, phone [phone] (ext. 201), email [e-mail], or follow OILS across social media platforms.