Core Insights - LEEF Brands, Inc. has completed the full early conversion of its outstanding 11% secured convertible debentures, totaling approximately US$10,588,928, which includes accrued and unpaid interest [1] - The conversion was executed under amended terms, allowing debenture holders to convert their debentures into units at a price of CAD $0.25 per unit, resulting in the issuance of approximately 59,209,048 units [2] - CEO Micah Anderson and CFO Kevin Wilson expressed confidence in the company's long-term growth strategy and financial flexibility following the conversion [3][5] Financial Performance - The early conversion aligns with the company's operational momentum, which includes a 24% year-over-year revenue growth and a doubling of gross margins in Q3 [4] - The conversion strengthens the balance sheet by eliminating nearly all long-term debenture debt, leaving only two pieces of real estate debt totaling $11,200,000 [8] Strategic Positioning - The company is positioned for strategic growth initiatives, particularly in California and New York, with plans to expand operations at Salisbury Canyon Ranch and its New York facility [8] - The conversion reflects strong insider alignment and commitment from debenture holders, indicating confidence in the company's future [3][8] Company Overview - LEEF Brands, Inc. operates as a vertically integrated, multistate cannabis operator, focusing on extraction, manufacturing, cultivation, and product innovation [6] - The company partners with top brands to deliver high-quality cannabis products and has significant cultivation and processing capabilities in California and New York [6]