VANCOUVER, British Columbia, Feb. 11, 2025 (GLOBE NEWSWIRE) — LEEF Brands Inc. (CSE: LEEF) (OTCQB: LEEEF) (the “Company” or “LEEF Brands“), one of California’s largest and most sophisticated cannabis companies, announced today substantial increases in production capacity across its concentrate lines to address increasing market demand.
The Company has completed significant expansions in its extraction capabilities:
- 66% increase in ethanol extraction capacity
- 50% increase in solventless extraction capacity
- 38% increase in hydrocarbon extraction capacity
These expansions come at a critical time, with LEEF’s products currently utilized in 48% of categories in California’s approximately $4.2 billion legal cannabis market.
“Our production expansion reflects the robust market appetite for high-quality cannabis concentrates,” said Micah Anderson, CEO of LEEF Brands. “By increasing our extraction capabilities across all three lines, we’re positioning ourselves to meet the diverse needs of California’s cannabis consumers.”
In addition to production expansions, LEEF has secured its 2025 cultivation licenses from the California Department of Cannabis Control for Salisbury Canyon Ranch. Salisbury Canyon Ranch is LEEF’s 1900-acre trophy ranch and will become one of the largest cannabis farms in the world.
This milestone clears the final regulatory hurdle for the Company’s 2025 planting plans. LEEF is planting the first 65 acres at Salisbury Canyon Ranch this spring and expects to scale to 187 acres of cannabis cultivation by 2027.
The increases in extraction capacity, coupled with the planting of Salisbury Canyon Ranch, are expected to drive increases in revenue and margins for LEEF this year.
For more information about LEEF Brands, visit www.leefbrands.com.
About LEEF Brands, Inc.
LEEF Brands Inc. is a leading California-based extraction and manufacturing cannabis company, recognized for its large-scale vertical integration and as one of the state’s most sophisticated operators. With a comprehensive supply chain, cutting-edge manufacturing processes, and a dynamic bulk concentrate portfolio, LEEF powers some of the largest brands in California. For more information, visit www.LeefBrands.com.
LEEF Brands Inc.
Per: Kevin Wilson Chief Financial Officer
Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively, “forward-looking statements“) including, but not limited to, statements regarding the anticipated use of proceeds from the Financing and the Company’s future financial condition, operations and objectives.
Forward-looking statements reflect current expectations or beliefs regarding future events or the Company’s future performance or financial results. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “intends”, “anticipates”, “targets” or “believes”, or variations of, or the negatives of, such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. All forward-looking statements, including those herein are qualified by this cautionary statement.
Although the Company believes that the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements.
There are certain factors that could cause actual results to differ materially from those in the forward-looking information, including, but not limited to the risks disclosed in the Company’s public filings on the Company’s issuer profile on SEDAR+ at www.sedarplus.ca. Accordingly, readers should not place undue reliance on forward-looking statements.
For more information on the Company, investors are encouraged to review the Company’s public filings on SEDAR+ at www.sedarplus.ca.
The forward-looking statements and financial outlooks contained in this news release speak only as of the date of this news release or as of the date or dates specified in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
LEEF Brands, Inc., Micah Anderson, CEO, or Kevin Wilson, CFO, 707-703-4111, ir@leefca.com
