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LEEF Brands, Inc. announces an ambassador partnership with NBA All-Star Rudy Gobert to promote its wellness products. The partnership benefits Rudy's Kids Foundation, a children's charity, through an annual coordinated campaign.
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2.72%
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LEEF Brands, a premier vertical cannabis operator, reported strong financial results for the full year 2023 and the first quarter of 2024. The company saw significant increases in net sales, gross profit, and adjusted EBITDA, showcasing growth and operational efficiency. LEEF achieved record gross margins, positive cash flow, and reduced SG&A expenses, indicating a focus on profitability and sustainable growth. The update on the Salisbury Canyon Ranch project highlights strategic expansion and cost-saving initiatives. Management expressed confidence in the team's performance and future prospects, emphasizing the successful integration post-merger with Icanic Brands. Despite issuing common shares to settle payables, LEEF's financial health and operational progress remain robust.
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-0.53%
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LEEF Brands, Inc. announces the launch of Well-Kept CBD Infused Honey, emphasizing innovation, wellness, and environmental conservation. The company plans to utilize their ranch for bee farming to address declining honeybee populations and offer a unique product to customers.
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-0.91%
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LEEF Brands, Inc. announced a strategic partnership with Lifted Organics to form a joint venture nursery, 1PN Nursery, in Watsonville, California. The partnership will allow both companies to improve control over genetic offerings, reduce costs, and enhance customer acquisition and retention. This collaboration represents a significant milestone in the cannabis industry, aiming to push the boundaries of cultivation and innovation.
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LEEF Brands, Inc. announces a strategic partnership with AG Advisors LLC, a leading provider of cultivation management services in the cannabis industry. The partnership aims to optimize cannabis cultivation processes and ensure high-quality products for customers. LEEF plans to bring a portion of the company’s supply chain inhouse through a new cultivation site in Santa Barbara, California, expecting improvements in efficiencies, yields, margins, and customer retention.
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31.25%
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LEEF Brands, Inc. (LEEF) (CSE: LEEF, OTC: LEEEF) announced its financial results for the three and nine months ended September 30, 2023. Net sales of $5.7M for Q3 2023 and $24.6M for the nine months, representing a 10% year-over-year increase. Gross profit of $1.9M for Q3 2023 and $8.2M for the nine months, with a 6% year-over-year increase. Gross margin of 32.8% for Q3 2023 and 33.5% for the nine months. Adjusted EBITDA of $224.5K for Q3 2023 and $1.2M for the nine months. Despite revenue challenges, the company's focus on high-quality concentrates and customer service resulted in improved gross margins and decreased operating expenses.
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-14.29%
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LEEF Brands Inc. successfully acquires Salisbury Canyon Ranch LLC for $5.48 Million and sells 60% interest for $7.0 Million. Plans to build one of the largest biomass cultivation sites in California. Contemplation of rescheduling cannabis to Schedule 3 could have positive implications for the industry. LEEF aims to improve operational efficiencies and profitability.
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26.09%
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LEEF Brands, Inc. reports strong financial performance with net sales of $9.3M for Q2 2023, representing a YoY revenue increase of 14.60%. Gross profit increased by 8.2% YoY to $2.9M. Adjusted EBITDA was $293.3K for Q2 2023. The company plans to close a $7.0 million financing deal to develop a biomass cultivation site. However, a non-cash goodwill impairment of $17.4 million related to the acquisition of LEEF Holdings Inc. was recorded due to challenges in the California cannabis market.
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-11.11%
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6.25%
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LEEF BRANDS INC
OTC:LEEEF
LEEEF Rankings
LEEEF Stock Data
20.97M
980.05M
16.52%
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