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LEEF Brands Inc. reports news on its California cannabis extraction, manufacturing and vertically integrated supply chain operations. Company updates include financial results, cost and operating changes, bulk concentrate production, brand and wellness product activity, and cultivation development at Salisbury Canyon Ranch, a large California ranch used to expand cannabis supply for distillate, hydrocarbon and solventless extraction.
LEEF news also covers capital actions, common-share settlements and its Bitcoin treasury and payments strategy, including Bitcoin holdings, business-to-business acceptance and point-of-sale use at The Leaf at El Paseo. Product and marketing announcements have included LEEF Organics, Paleo Paw and Well-Kept CBD Infused Honey.
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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