LEEF Brands Expands Cannabis Cultivation at Salisbury Canyon Ranch
LEEF Brands Cultivates at Salisbury Canyon Ranch
LEEF Brands Inc. (CSE: LEEF) (OTCQB: LEEEF), a prominent name in California's cannabis industry, has kicked off planting operations at Salisbury Canyon Ranch, a striking 1,900-acre property that’s poised to become one of the largest cannabis farms globally. This expansion signifies a major step in LEEF's journey toward becoming a leader in cannabis cultivation and production.
This spring, LEEF has dedicated 65 acres to cannabis planting. The ambitious plan includes two distinct harvests within the year; the first will occur in summer, primarily targeting distillate production, while the second in fall will feature strains tailored for hydrocarbon and solventless extraction techniques.
Strategic Growth and Future Plans
By 2027, LEEF Brands aims to enhance its cultivation footprint to 187 acres on this ranch. Additionally, the company possesses a 100-acre permit for hemp cultivation, which it is evaluating for its strategic benefit to bolster operations.
CEO’s Vision and Impact
Micah Anderson, the Chief Executive Officer of LEEF Brands, expressed excitement about the cultivation efforts at Salisbury Canyon Ranch, stating: "This is the culmination of years of hard work and is a transformational milestone for our company. Salisbury Canyon Ranch represents not just a massive scaling of our production capabilities, but a fundamental shift in how we control our supply chain, ensure product quality, and manage costs."
This in-house cultivation strategy is expected to significantly reduce costs and improve supply control, directly influencing the quality of their concentrates. With these enhancements, the company expects to see improved profit margins starting from the latter half of 2025.
Valuation Insights
Recently, Salisbury Canyon Ranch received an independent valuation of $40 million, which is notably around double the company’s current market capitalization. LEEF Brands acquired the property in 2023 for only $5.5 million and has since invested an additional $7 million in necessary infrastructure improvements. This impressive valuation demonstrates the potential return on investment (ROI) for shareholders.
Engaging Stakeholders
Jesse Redmond, the Head of Investor Relations and Business Development, recently engaged in a conversation with CEO Micah Anderson and CFO Kevin Wilson, discussing the ranch's valuation and the ongoing planting strategies. Their discussions highlight the proactive measures LEEF is taking to keep investors informed and engaged as they expand operations.
Corporate Developments
In line with its operational progress, LEEF Brands issued 600,000 common shares at an average price of $0.24 CAD per share, raising $100,000 USD to settle payables with a service provider. This move aligns with their strategy to strengthen financial standing as they grow.
About LEEF Brands, Inc.
LEEF Brands Inc. stands at the forefront of cannabis extraction and manufacturing in California, recognized for their large-scale operational capabilities. They boast a vertically integrated supply chain, state-of-the-art manufacturing processes, and a diverse product lineup, powering some of the most prominent brands across the nation. For further details, interested parties can visit www.leefbrands.com.
Contact Information:
LEEF Brands, Inc.
Jesse Redmond
Head of Investor Relations and Business Development
707-703-4111
ir@leefca.com
Frequently Asked Questions
What is the significance of Salisbury Canyon Ranch for LEEF Brands?
Salisbury Canyon Ranch is set to become one of the largest cannabis farms in the world, significantly increasing production capacity and allowing greater control over the supply chain.
How many acres of cannabis is LEEF planning to plant this year?
This spring, LEEF Brands is planting 65 acres of cannabis, with plans for two harvests this year.
What is the estimated valuation of Salisbury Canyon Ranch?
The ranch has been independently valued at approximately $40 million, highlighting its potential to generate strong returns for shareholders.
What are the future plans for LEEF Brands?
LEEF Brands aims to expand cannabis cultivation operations to 187 acres by 2027 and evaluate additional revenue streams such as hemp cultivation.
How does LEEF Brands maintain quality in their products?
By bringing its cultivation in-house, LEEF Brands expects to enhance product quality, control costs, and improve overall efficiency.
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