LEEF Brands Closes Oversubscribed Private Placement for CAD $2.09 Million

Core Viewpoint - LEEF Brands, Inc. successfully closed a private placement offering, raising gross proceeds of C$2,090,890, which is approximately double the original expectation [1][4]. Group 1: Offering Details - The offering consisted of 8,363,560 units priced at C$0.25 per unit, with each unit comprising one common share and one common share purchase warrant [1][2]. - Each warrant allows the holder to purchase an additional common share at a price of C$0.30 for a period of 24 months from the closing date [2]. Group 2: Regulatory Compliance - The offering was conducted under the listed issuer financing exemption (LIFE Exemption) as per National Instrument 45-106, which allows for certain exemptions from prospectus requirements [3]. - Securities issued under this exemption are not subject to a statutory hold period under Canadian securities laws [3]. Group 3: Management Insights - The CEO expressed gratitude for investor support, highlighting plans to expand in New York and enhance production in California for long-term growth [4]. - The CFO noted that the financing positions the company to accelerate growth in key markets and capitalize on potential federal regulatory changes [4]. Group 4: Additional Issuances - The company issued 272,000 common shares to a service provider for services rendered and 36,000 common shares upon the exercise of employee stock options [5]. Group 5: Company Overview - LEEF Brands, Inc. is a leading cannabis operator based in California and New York, focusing on extraction and manufacturing with a comprehensive supply chain and innovative processes [6].