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.
LEEF Brands Inc. is a premier vertical cannabis operator based in California, known for its large-scale vertical integration and innovative manufacturing processes. The company recently announced a strategic partnership with AG Advisors LLC to oversee cultivation operations on its 1,900-acre ranch in Santa Barbara County. This collaboration aims to optimize cultivation processes and ensure the highest quality raw material for extraction. Additionally, LEEF Brands has ventured into nursery operations with Lifted Organics to enhance genetic offerings and reduce costs, catering to customer acquisition and retention. The company's commitment to sustainable growth is showcased through its ongoing Salisbury Canyon Ranch project, a significant development set to improve supply chain efficiencies, reduce costs, and sustain financial health.
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.72%
Tags
-
News
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
Tags
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
31.25%
Tags
-
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.29%
Tags
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
26.09%
Tags
-
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.11%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.25%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
FAQ
What is LEEF Brands Inc. known for?
LEEF Brands Inc. is known for its large-scale vertical integration and innovative manufacturing processes in the cannabis industry.
What recent partnership did LEEF Brands Inc. announce?
LEEF Brands Inc. recently announced a strategic partnership with AG Advisors LLC to oversee cultivation operations on its 1,900-acre ranch in Santa Barbara County.
What is the focus of the joint venture between LEEF Brands Inc. and Lifted Organics?
The focus of the joint venture is to enhance genetic offerings, reduce costs, and cater to customer acquisition and retention through nursery operations.
What ongoing project exemplifies LEEF Brands Inc.'s commitment to sustainable growth?
The ongoing Salisbury Canyon Ranch project serves as a significant development for LEEF Brands Inc., aiming to improve supply chain efficiencies, reduce costs, and sustain financial health.
Who is the brand ambassador for LEEF Brands Inc.'s portfolio of wellness products?
NBA All-Star Rudy Gobert of the Minnesota Timberwolves serves as the brand ambassador for LEEF Brands Inc.'s portfolio of wellness products.
Leef Brands Inc.
OTC:LEEEF
LEEEF Rankings
LEEEF Stock Data
13.29M
1.02B
13.84%
All Other Miscellaneous Chemical Product and Preparation Manufacturing
Manufacturing
United States of America
Vancouver