The company has issued more shares over this period, which dilutes each existing shareholder’s stake.
Diluted shares outstanding: 122.9M (2021) → 166.8M (2025)
Nextleaf Solutions Ltd. operates as a cannabis extraction technology enterprise, pioneering and licensing advanced methods for the processing, refinement, and development of cannabinoid formulations throughout Canada. The company is actively involved in the extraction, distillation, and purification of CBD oils and THC ingredients, which it subsequently distributes and sells wholesale. Its operations further encompass comprehensive research and development for cannabis-infused products, including vaporizers, edible concentrates, and specialized extracts, in addition to providing expert extraction services. Nextleaf also dedicates efforts to the creation and market introduction of psychoactive compounds. Established in 2015, the firm is headquartered in Vancouver, Canada, and was previously known as Legion Metals Corp.
When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.
-13.2% YoY
YoY Growth Rate
Revenue declining
<−1,000% YoY
YoY Growth Rate
Earnings declining
C$228,857/ year
↓ Declining (-20% vs prior year)
2.0% of revenue
Below sector average (18%)
R&D spend declining — could signal cost-cutting or efficiency
~1 months
C$92,077 cash & investments
Quarterly Free Cash Flow
→ Burn rate stable
Short runway — potential dilution ahead through share issuance
Nextleaf Solutions has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.
The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.
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Negative ROIC means the business is losing money on every dollar invested in it.
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Earnings per share down more than 10%. Either a bad year, or a real decline.
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FCF margin between 0% and 10%. Some cash from sales, but not a lot.
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Full breakdown available with your free trial
See every metric, trend, and what it means for this stock.
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