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. (LEEEF) is a vertically integrated cannabis operator specializing in cultivation, advanced extraction, and optimized supply chain management. This page serves as the definitive source for official company announcements and market-moving developments.
Investors and industry stakeholders will find timely updates on earnings reports, strategic partnerships, regulatory compliance milestones, and product innovations. Our curated news collection provides insights into how LEEEF's integrated operations—from California cultivation facilities to manufacturing processes—shape its position in the competitive cannabis sector.
Key coverage areas include operational expansions, quality control initiatives, and wholesale distribution updates. All content is vetted for relevance to corporate strategy and regulatory requirements in federally compliant markets.
Bookmark this page for streamlined access to press releases and analysis that matter most in tracking LEEEF's performance within the evolving cannabis industry landscape.
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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