LEEF Brands increases private placement to CAD $1.9 million

LEEF Brands Inc. (CSE: LEEF, OTC: LEEEF) announced an increase to its previously disclosed private placement offering, now targeting up to CAD $1.9 million in gross proceeds through the issuance of 7.6 million units at CAD $0.25 per unit.

Each unit consists of one common share and one warrant, with each warrant allowing the purchase of an additional common share at CAD $0.30 within 24 months of the closing date.

The Vancouver-based cannabis extraction and manufacturing company stated it will conduct the offering under the listed issuer financing exemption, meaning securities will not be subject to statutory hold periods under Canadian securities laws. The offering document is available on SEDAR+ and the company's website.

LEEF Brands indicated it plans to use net proceeds for general working capital purposes and to support operations in New York following its harvest at Salisbury Canyon Ranch.

"This increased financing underscores investor confidence and better positions us for expanding our extraction operations across both coasts," said CEO Micah Anderson in the announcement. "It enhances our ability to vertically integrate, improve margins, and explore new revenue streams."

The company expects the offering to close on or around August 15, 2025, subject to customary closing conditions including approval from the Canadian Securities Exchange.

LEEF Brands operates as a cannabis extraction and manufacturing company in California and New York, providing bulk concentrate products to cannabis brands across the United States.

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