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LEEF Brands Launches New York Lab, 2025 Production Fully Committed
Globenewswire· 2025-09-30 12:00
Core Insights - LEEF Brands, Inc. has commenced operations at its extraction lab in Upstate New York, producing solventless concentrates and planning to introduce hydrocarbon capabilities next quarter, positioning the company to meet rising demand in a rapidly growing cannabis market [1][3] - All concentrate production for 2025 has been allocated to established brand partners and new in-state clients, indicating strong demand for LEEF's products [2] - New York's cannabis market generated over $1 billion in sales in 2024, with expectations to exceed $1.5 billion in 2025 and potentially surpass $2 billion in 2026, making it an ideal market for LEEF's concentrates [3] Company Developments - The operational launch in New York marks a significant milestone for LEEF, transforming it into a multi-state operator with a strong presence in two of the top ten cannabis markets in the U.S. [3] - The company expects meaningful revenue growth and higher margins as it scales operations in New York, alongside successful harvests in California [4] - LEEF's leadership team will participate in various industry and investor events in October, enhancing engagement with brand partners and stakeholders [5][6] Market Context - Concentrates account for approximately 55% of products sold in New York, highlighting the market's potential for LEEF's offerings [3] - The rapid transition from license acquisition to operational launch in New York reflects the company's strategic execution and market readiness [4]
CBD Life Sciences Inc. (CBDL) Announces LOI With New Jersey Dispensary, Unlocking New Revenue Channels & Strategic Growth Opportunities
Accessnewswire· 2025-09-23 11:00
Core Insights - CBD Life Sciences Inc. has entered into a Letter of Intent with a licensed dispensary in New Jersey, marking a significant step in expanding its presence in the East Coast cannabis market [1] - The East Coast cannabis market is projected to exceed $33 billion by 2030, indicating substantial growth potential [1] - This partnership aims to enhance retail distribution, increase brand recognition, and create new revenue streams in a rapidly growing market [1] Company Developments - The agreement with the New Jersey dispensary is described as a transformational partnership that facilitates two-way retail visibility [1] - The collaboration is expected to strengthen cross-brand synergies, which could lead to improved market positioning for CBD Life Sciences [1] Market Context - The East Coast cannabis market is identified as one of the fastest-growing segments in the United States, highlighting the strategic importance of this partnership for CBD Life Sciences [1] - The partnership aligns with the broader trend of increasing legalization and acceptance of cannabis products across various states [1]