Nextleaf Solutions Onboards New Partner and Delivers Initial Bulk CBD Order April 21 | 2021 Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (FSE: L0MA) (âNextleafâ, âOILSâ, or the âCompanyâ)Â , the worldâs most innovative cannabis processor, is pleased to announce that its wholly-owned subsidiary Nextleaf Labs Ltd. (âNextleaf Labsâ or âLabsâ) has completed an inaugural bulk CBD distillate delivery to a U.S.-listed, Canadian-based global cannabis company. The Company anticipates similar orders on an ongoing basis. Cannot view this video? Visit: While the Canadian cannabis sector continues to mature as the worldâs largest federally legal cannabis jurisdiction, the global demand and acceptance of CBD-based products continues to increase. In December 2020, Israel signed a regulatory amendment permitting the use of CBD in cosmetics and food products, and in February 2021 plant-derived CBD was added as a legal ingredient in cosmetics by a key market regulator for trade in the European Union. According to New Frontier Data, U.S. consumer spending on CBD reached $3.8 billion USD in 2020 and the demand is expected to reach as high as $8 billion USD by 2025. In a separate report from New Frontier Data titled â2021 U.S. Cannabis Consumer Evolution: Archetypes, Preferences, and Behaviors,â 54% of consumers say they have tried a CBD-only product in 2021, compared to 33% in 2018.