LEEF Brands Increases Private Placement to CAD $1.9 Million

Core Viewpoint - LEEF Brands, Inc. is increasing its private placement offering to issue up to 7,600,000 units at a price of C$0.25 per unit, aiming for gross proceeds of up to C$1.9 million [1][5]. Group 1: Offering Details - Each unit will consist of one common share and one common share purchase warrant, with each warrant allowing the purchase of an additional common share at C$0.30 for 24 months [2]. - The offering is conducted under the listed issuer financing exemption, meaning the securities issued will not be subject to a statutory hold period under Canadian securities laws [3]. Group 2: Use of Proceeds - The net proceeds from the offering are expected to be used for general working capital, supporting operations from the successful harvest at Salisbury Canyon Ranch, and accelerating operations in New York [4]. Group 3: Management Commentary - The CEO of LEEF Brands stated that the increased financing reflects investor confidence and positions the company for expansion in extraction operations, enhancing vertical integration and exploring new revenue streams [5]. Group 4: Company Overview - LEEF Brands Inc. is a leading extraction and manufacturing cannabis company based in California and New York, with a comprehensive supply chain and innovative manufacturing processes [6].