Welcome to our dedicated page for Leef Brands news (Ticker: LEEEF), a resource for investors and traders seeking the latest updates and insights on Leef Brands stock.
News and updates for LEEF Brands Inc. (LEEEF) focus on its role as a California-based cannabis extraction and manufacturing company with large-scale vertical integration. Company announcements highlight financial results, operational milestones, partnerships and capital markets activity related to its cannabis and wellness businesses.
Investors following LEEF Brands can review regular financial result releases, which have included net sales, gross profit, gross margin and adjusted EBITDA for quarterly and full-year periods. Management commentary in these updates discusses market demand, extraction capacity, cost management and the impact of cultivation and supply chain initiatives such as Salisbury Canyon Ranch.
Operational news often covers cultivation and supply chain developments. Examples include the planting of cannabis at the 1,900-acre Salisbury Canyon Ranch in Santa Barbara County, partnerships with AG Advisors LLC for cultivation management and the formation of the 1PN Nursery joint venture with Lifted Organics to support genetics and plant supply. Product and brand news includes launches like Well-Kept CBD Infused Honey and ambassador partnerships such as the agreement with NBA All-Star Rudy Gobert to promote LEEF’s wellness product portfolio.
LEEF’s news flow also features its Bitcoin treasury reserve strategy and related financing activities, including a Bitcoin-backed convertible debenture offering and disclosures about holding Bitcoin in a multi-signature cold wallet. Readers can use this news page to track how LEEF combines cannabis extraction, cultivation projects, wellness products and Bitcoin-focused treasury decisions over time.
LEEF Brands Inc. (OTCQB: LEEEF), a leading California-based vertical extraction company, has announced its executive team's participation in the Bitcoin 2025 Conference in Las Vegas from May 27-29, 2025. As the first cannabis company to implement a Bitcoin Treasury Reserve strategy, LEEF has fully integrated into the Bitcoin ecosystem through multiple initiatives, including:
- Maintaining Bitcoin on its balance sheet
- Accepting Bitcoin for B2B transactions
- Enabling Bitcoin point-of-sale at The Leaf at El Paseo dispensary
Key executives attending include CEO Micah Anderson, VP of Bitcoin Strategy Jamie Warm, and Head of IR Jesse Redmond. The team will be available for meetings with investors, financing partners, and institutions to explore collaborative opportunities.
LEEF Brands Inc. (OTCQB: LEEEF) has begun planting cannabis at Salisbury Canyon Ranch, a 1,900-acre property poised to become one of the world's largest cannabis farms. The company is initially cultivating 65 acres with plans to expand to 187 acres by 2027.
The operation includes two harvests planned for 2025: a summer harvest for distillate production and a fall harvest focused on hydrocarbon and solventless extraction-optimized strains. LEEF also holds a 100-acre hemp permit for the property.
The ranch, acquired in 2023 for $5.5 million with $7 million in infrastructure improvements, was recently independently valued at $40 million. This valuation is approximately double the company's current market capitalization. The company expects the farm to drive margin improvements starting in H2 2025 through reduced input costs and enhanced supply chain control.
Additionally, LEEF issued 600,000 common shares at $0.24 CAD per share to settle $100,000 USD in payables.
LEEF Brands announces its groundbreaking move to adopt Bitcoin as a treasury reserve asset, becoming one of the first publicly traded cannabis companies to take this step. The company has entered into an agreement with Canaccord Genuity for a US$5 million convertible debenture offering, with potential for an additional US$750,000 through an Over-Allotment Option.
The debentures, due in 2030, will bear 10% annual interest and be convertible to common shares at US$0.18 per share. They will be secured by Bitcoin holdings, making them the company's first lien debt obligations regarding Bitcoin assets. LEEF has already acquired 3.937 Bitcoin at an average cost of US$88,255.17, stored in a multi-signature cold wallet.
LEEF Brands Inc. (CSE: LEEF, OTC: LEEEF) reported its Q2 2024 financial results, showing net sales of $7.9M for the quarter and $15.8M year-to-date. The company achieved a gross profit of $2.7M for Q2 and $5.9M for H1 2024, with gross margins of 34.0% and 37.3% respectively. Adjusted EBITDA stood at $437K for Q2 and $2.2M for H1 2024.
LEEF reported an 81% YOY increase in unit sales in California, despite a decrease in average price per gram. The company maintained positive cash flow from operations for the third consecutive quarter. However, LEEF also reported a net loss of $3.9M for Q2 2024, compared to a $20.3M loss in Q2 2023.
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