LEEF Brands Inc. Successfully Secures CAD$500,000 Funding

LEEF Brands Inc. Secures CAD$500,000 in Second Tranche

LEEF Brands Inc. (CSE:LEEF) (OTCQB:LEEEF), a prominent player in the cannabis sector located in California, recently announced the closure of its second tranche of a private placement financing. Notably, this funding round raised a total of CAD$500,000. When combined with the initial tranche, which generated CAD$2,118,375, LEEF Brands has successfully attracted total gross proceeds of CAD$2,618,375, highlighting a robust investor interest in the company.

Investor Confidence and Funding Purpose

Micah Anderson, the CEO of LEEF Brands, expressed excitement over the financing's successful closing, emphasizing the strong support from investors. This oversubscription speaks volumes about the confidence investors have in LEEF's vision and strategic operational plans. This crucial funding will enable LEEF to further advance its strategic initiatives and enhance its position in the cannabis concentrates market.

Details of the Financing

The financing round involved issuing 2,000,000 units at CAD$0.25 each. Each unit includes one common share along with a purchase warrant, which allows investors to buy additional shares at CAD$0.40 over two years. Furthermore, an acceleration clause is included, permitting LEEF to set an earlier expiry date for warrants, should the share price exceed CAD$0.60 on a ten-day consecutive average.

Allocation of Proceeds and Operational Goals

The net proceeds from the financing are earmarked for several significant growth initiatives. These include completing operations at Salisbury Canyon Ranch and seeking new market opportunities, vital for the company’s expansion strategy. This financial injection also aids in ensuring smooth operational workflow and supports general working capital needs.

Additional Compensation in Financing Arrangement

In conjunction with the financing, LEEF Brands paid a cash fee of CAD$35,000 and provided 140,000 finder's warrants to a finder, incentivizing them for connecting the company with prospective purchasers. The Finder's Warrants hold the same terms as the standard purchase warrants, ensuring attractive opportunities for those who facilitated this funding.

About LEEF Brands Inc.

LEEF Brands Inc. is recognized as a leading extraction and manufacturing cannabis firm, noted for its sophisticated operations and large-scale vertical integration within California. The company boasts a versatile bulk concentrate portfolio, enabling it to power several prominent brands in the competitive cannabis market. With advanced manufacturing processes and a comprehensive supply chain, LEEF is well-positioned for continued success.

Company Leadership

Kevin Wilson, the Chief Financial Officer, highlights the firm’s commitment to disciplined growth and operational excellence, which are pivotal for sustaining and enhancing shareholder value.

Frequently Asked Questions

What is the total amount raised in the recent financing rounds by LEEF Brands?

LEEF Brands successfully raised a total of CAD$2,618,375, combining both tranches of funding.

How will the proceeds from the financing be used?

The proceeds will support growth initiatives, complete farm operations, and enhance working capital for LEEF Brands.

What is included in the financing units?

Each unit consists of one common share and a purchase warrant that allows for additional share purchases at a set price.

Who can purchase the common shares?

Investors interested in the cannabis sector and looking for opportunities with strong growth potential can purchase these shares through the units offered in the financing round.

What is LEEF Brands' market focus?

LEEF Brands focuses on cannabis extraction and manufacturing, particularly in the concentrate segment of the cannabis industry, aiming for top-tier market leadership.

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