LEEF Brands Increases Offering Size and Submits Amended Public Offering Filing
LEEF Brands Successfully Completes Oversubscribed Private Placement Offering
California and New York-based cannabis company LEEF Brands, Inc. has announced the successful closing of its private placement offering, which was initially expected to close on August 15, 2025, but was actually completed by August 18, 2025.
The offering was initially for 4 million units at a price of C$1 million, but was increased to 7.6 million units for C$1.9 million, and finally upsized to 8,363,560 units for approximately C$2.09 million. Each unit consists of one common share and one common share purchase warrant, with a price of C$0.30 for 24 months following the closing date.
The net proceeds from the offering are intended for general working capital and to support expansion and operations growth in both California and New York. The offering was conducted under the listed issuer financing exemption (LIFE) with no statutory hold period on securities issued.
The Company's future financial condition, operations, and objectives may not be as anticipated, and readers are advised not to place undue reliance on forward-looking statements. The offering document can be accessed under the Company's profile at www.sedarplus.ca and at www.LeefBrands.com.
For more information on the Company, investors can review the Company's public filings on SEDAR+ at www.sedarplus.ca. LEEF Brands, Inc.'s website is www.LeefBrands.com.
Contact for LEEF Brands Inc. is Jesse Redmond, Head of Investor Relations and Business Development, reachable at +1 (707) 703-4111 or [email protected].
It is important to note that the closing of the offering is subject to customary closing conditions, including approval of the Canadian Securities Exchange (the "CSE"). The CSE's approval of the Offering is not guaranteed. The Company is not obligated to update or revise any forward-looking information, except as required by law. Forward-looking statements and financial outlooks in this news release are only as of the date of the news release.
In summary, LEEF Brands has successfully raised capital through its private placement offering, with a total of 8,363,560 units sold at a price of C$0.25 per unit, for gross proceeds of approximately C$2,090,890.
| Detail | Information | |-----------------------------|----------------------------------| | Number of units | 8,363,560 | | Price per unit | C$0.25 | | Gross proceeds | Approximately C$2,090,890 | | Closing date | Closed by August 18, 2025 (expected around August 15) | | Unit composition | One common share + one warrant | | Warrant exercise price/term | C$0.30 for 24 months post-closing |
- The cannabis company LEEF Brands, based in Toronto, successfully closed its private placement offering ahead of schedule, raising approximately C$2,090,890 from the sale of 8,363,560 units.
- The proceeds from this offering will be used for general working capital and to support expansion and operations growth in California and New York.
- This private placement was conducted under the listed issuer financing exemption (LIFE) with no statutory hold period on securities issued, but is subject to approval by the Canadian Securities Exchange (CSE).
