Nextleaf sued by former CEO Pedersen

Ms. Emma Andrews reports NEXTLEAF PROVIDES STRATEGIC UPDATE: CANADA'S FIRST 200-PACK CANNABIS SOFTGELS, AND OPENING OF DISTRIBUTION FACILITY Nextleaf Solutions Ltd. has launched Canada's first 200-pack cannabis softgels under its house brand Glacial Gold and has opened a new distribution facility. Together, these developments strengthen Nextleaf's position in existing markets and enhance its ability to pursue expansion into global medical channels. Available in RSO full-spectrum 5:5, alongside high-potency CBD 50, CBN:CBD 10:10 and CBG:THC 5:5 formats to start, the company has four SKUs launching by the end of 2025, and more planned for 2026. The introduction of the 200-pack format represents a first for Canadian cannabis retail and expands Glacial Gold's existing category leadership within non-combustible, ingestible extract formats. Glacial Gold is the top-selling brand in Western Canada for softgels and consistently ranks among the top four brands in Ontario. "Our new 200-pack format supports consumer demand for value and consistency, allowing consumers to establish and maintain wellness routines with fewer reorders and a more convenient, sustainable format," said Emma Andrews, chief executive officer of Nextleaf. "Cannabis softgels are becoming a trusted option for value-seeking, health-conscious consumers," Ms. Andrews continued. "By focusing on clean ingredients, consistent dosing and transparency in manufacturing, Glacial Gold is well positioned to be the trusted choice for non-combustible, everyday cannabis essentials." Nextleaf Distribution The company has commenced operations from its 2,500-square-foot facility, Nextleaf Distribution, located less than one kilometre from its licensed processing site in Coquitlam, B.C. Nextleaf has also submitted a microprocessing licence application to Health Canada for this facility. It will focus on expanded activities to support its consumer packaged goods portfolio from this second site. Operations at the inaugural site, Nextleaf Labs, will remain focused on a globally recognized and multipatented extraction process, distillation, formulation and manufacturing for its house branded vapes, oils and softgels, as well as a bulk ingredient supply for commercial partners. Nextleaf discloses lawsuit and intention to defend The company has been made aware that former Nextleaf chief executive officer Paul Pedersen has filed a lawsuit against the company with the B.C. Supreme Court, citing wrongful termination. The company firmly disagrees with and denies the allegations being made by Mr. Pedersen. The company plans to vigorously defend itself against this lawsuit. About Nextleaf Solutions Ltd. Nextleaf is an innovation-driven life science company and licensed cannabis processor with a portfolio of federally regulated emerging consumer brands, market validated cannabis derivative products and high-potency bulk ingredients. Nextleaf's multipatented, highly automated, closed loop extraction and distillation technology sets the global standard for processing cannabis at scale. With coast-to-coast distribution, Nextleaf branded products are sold through both medical and adult-use channels, featuring Glacial Gold, which leads multiple categories nationally, including softgels, vapes and oils. The company has been issued 19 U.S. patents and 75-plus patents globally on cannabinoid processing, including extraction, distillation and acetylation. Nextleaf trades as OILS on the Canadian Securities Exchange, OILFF on the OTCQB market in the United States and L0MA on the Frankfurt Stock Exchange. We seek Safe Harbor.