LEEF Brands' Growth: Acquisition of New York Cannabis License
LEEF Brands Expands with New York License Acquisition
LEEF Brands Inc. (CSE: LEEF) (OTCQB: LEEEF) is proud to announce a significant milestone in its growth story. The company has successfully acquired a Type 1 Cannabis Processor License in New York, paving the way for its expansion beyond its established California market.
New Opportunities in the New York Market
This newly secured license allows LEEF Brands to engage in vital activities such as extraction, blending, infusion, and even packaging and labeling of their products. This is not just any achievement; it marks LEEF's official entry as a multi-state operator (MSO), which is a critical development as they bring their extensive experience in crafting cannabis concentrates from California to the East Coast.
Growth of the New York Cannabis Market
The cannabis retail landscape in New York has witnessed explosive growth, transforming from a $160 million market in 2023 to surpassing $1 billion in 2024. Projections indicate that retail sales could soar to $1.5 billion in 2025. With concentrates making up about 55% of cannabis products sold, LEEF's new license positions them to leverage their extraction capabilities effectively, greatly supporting the regional brands that are fueling this remarkable growth.
CEO Micah Anderson on Expansion Plans
Micah Anderson, the CEO of LEEF Brands, expressed enthusiasm about this expansion. He stated, “This marks a major step in our expansion beyond California. Securing a Type 1 Cannabis Processor License in New York gives us a gateway into one of the most exciting cannabis markets in the country. We aim to replicate our successful business model in California, building on the long-standing relationships we’ve nurtured with brands already thriving in New York.”
Attendance at Benzinga Cannabis Capital Conference
In addition to this monumental licensing achievement, LEEF Brands is set to attend the Benzinga Cannabis Capital Conference in Chicago on June 9–10, 2025. This event is renowned as one of the foremost gatherings for industry executives, investors, and thought leaders within the cannabis sector.
Connecting with Investors and Partners
LEEF's executive leaders, including Micah Anderson, Kevin Wilson, and Jesse Redmond, will actively participate in panel discussions and engage with potential investors, lenders, and brand partners. Jesse Redmond mentioned, “We look forward to connecting with capital partners and innovative brands to scale our operations and broaden our market reach. This conference provides a dynamic platform for us to share our story and forge meaningful partnerships that align with our long-term vision.”
About LEEF Brands Inc.
LEEF Brands Inc. stands out as a leading extraction and manufacturing cannabis company based in California, known for its large-scale vertical integration and sophisticated operational methods. The firm's innovative manufacturing processes and extensive bulk concentrate portfolio empower some of the largest cannabis brands in the United States, showcasing their influence in the market.
Contact Information
To further engage with LEEF Brands, interested parties can reach out via email at ir@leefca.com or by calling +1 (707) 703-4111.
Frequently Asked Questions
What is a Type 1 Cannabis Processor License?
A Type 1 Cannabis Processor License allows companies to engage in activities such as extraction and processing of cannabis products, which can then be packaged and sold.
Why is LEEF Brands expanding into New York?
New York's rapidly growing cannabis market presents significant opportunities for LEEF Brands to utilize their expertise and leverage existing client relationships.
How has the New York cannabis market changed recently?
The New York cannabis market has shown tremendous growth, with sales increasing from $160 million to an estimated $1.5 billion in just a few years.
What will LEEF Brands do at the Benzinga Cannabis Capital Conference?
LEEF Brands will engage with investors, participate in discussions, and network with industry leaders to foster growth and build partnerships.
Who are the key executives at LEEF Brands?
The executive team at LEEF Brands includes Micah Anderson (CEO), Kevin Wilson (CFO), and Jesse Redmond (Head of Investor Relations and Business Development).
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