NEXTLEAF SOLUTIONS CLOSES $4 MILLION NON-BROKERED FINANCING

(OILS.C) May 15, 2019 — Nextleaf Solutions announced that it has closed its non-brokered private placement financing by issuing 10,400,000 units, for aggregate gross proceeds of $4,160,000.

Each unit consists of one common share of the Company and one warrant. Each warrant entitles the holder to purchase one additional common share of the Company at a price of $0.70 per common share for a period of two years, subject to an acceleration provision if the shares of the Company trade above $1.25 per share for 20 consecutive trading days, then the expiry date of the warrants will be automatically accelerated to the date that is 30 days after the date the Company provided notice by press release to the holders of the warrants.

In conjunction with the financing, an aggregate of $105,450 in finder’s fees and 263,625 broker warrants were paid to finders in connection with the closing of the private placement. The broker warrants are exercisable into one common share at $0.40 for a period of two years, subject to an acceleration provision if the shares of the Company trade above $0.70 per share for 20 consecutive trading days, then the expiry date of the broker warrants will be automatically accelerated to the date that is 30 days after the date the Company provided notice to the holders of the broker warrants.

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Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

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