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Leef Brands Inc - LEEEF STOCK NEWS

Welcome to our dedicated news page for Leef Brands (Ticker: LEEEF), a resource for investors and traders seeking the latest updates and insights on Leef Brands.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Leef Brands's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Leef Brands's position in the market.

Rhea-AI Summary
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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Rhea-AI Summary
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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Rhea-AI Sentiment
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31.25%
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partnership
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
-14.29%
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earnings
Rhea-AI Summary
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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End-of-Day
26.09%
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acquisition
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Rhea-AI Summary
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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earnings
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6.25%
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acquisition
Rhea-AI Summary
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Rhea-AI Summary
LEEF Brands, a leading cannabis operator, has announced a $7.0 million financing deal for the sale of a 60% interest in its cultivation and real estate assets in Santa Barbara, California. The proceeds will be used to develop a large biomass cultivation site and support the expansion of LEEF Labs, the company's manufacturing facility. Arbor Ranch SB will provide the funding through an interest-free loan agreement. LEEF Labs aims to enhance efficiencies and provide a consistent supply of high-quality input material. The closure of cultivation licenses in California has led to pricing increases, making it challenging to balance supply and demand.
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42.11%
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-11.11%
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earnings
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-13.46%
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management
Leef Brands Inc

OTC:LEEEF

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LEEEF Stock Data

28.22M
977.71M
16.52%
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