LEEF Brands Secures Funds with CAD $1 Million Placement
LEEF Brands Announces CAD $1 Million Private Placement
LEEF Brands, Inc. (CSE: LEEF, OTC: LEEEF), a notable cannabis operator based in California and New York, has recently declared new funding plans through a private placement offering. This offering aims to raise up to 4,000,000 units priced at C$0.25 per Unit, garnering total funds of C$1,000,000.
The Structure of the Offering
Each unit in this offering will comprise one common share alongside one common share purchase warrant, known as a "Warrant." These warrants will allow investors the opportunity to purchase additional shares at C$0.30, available for exercise over a span of 24 months post-closure of this offering.
Regulatory Compliance and Prospective Use of Funds
The offering is being facilitated under the listed issuer financing exemption according to National Instrument 45-106, which notably exempts these securities from standard statutory hold periods in accordance with Canadian laws. The funds secured are predominantly earmarked for general working capital, ensuring the ongoing operational requirements of the company are met effectively.
Statement from Company Leadership
Micah Anderson, CEO of LEEF Brands, articulated the significance of this financing by stating, "This financing supports our momentum coming out of the first successful harvest at Salisbury Canyon Ranch and positions us to accelerate our operations in New York. We're focused on improving margins through vertical integration and unlocking new revenue streams as we scale production on both coasts.”
Anticipated Closing Timeline
The private placement is projected to conclude on or about a specified date, subject to standard closing conditions and awaiting approval from the Canadian Securities Exchange (CSE).
About LEEF Brands, Inc.
LEEF Brands, Inc. is a frontrunner in cannabis extraction and manufacturing within the U.S. market. Combining innovative processes with a robust supply chain, LEEF caters to some of the largest cannabis brands. This strategy ensures they deliver high-quality products and meet evolving consumer needs effectively.
Investor Relations Contact Information
For those seeking additional insights or information regarding LEEF Brands, Jesse Redmond, Head of Investor Relations and Business Development, is available for inquiries. He can be reached at:
Phone: +1 (707) 703-4111
Email: ir@leefca.com
Frequently Asked Questions
1. What is the purpose of LEEF Brands' CAD $1 million placement?
The funds will primarily support general working capital to enhance the company’s operations.
2. How many units are being offered in this placement?
The offering includes a total of up to 4,000,000 units priced at C$0.25 each.
3. What does a unit include?
Each unit consists of one common share and one warrant for purchasing additional shares.
4. Who is the CEO of LEEF Brands?
The CEO is Micah Anderson, who emphasizes the importance of this financing for growth.
5. Where can I find more information about LEEF Brands?
Additional details are available on their official website and through investor relations contacts.
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