LEEF Brands Reports Second Quarter 2025 Financial Results
Q2 2025 Financial Highlights:
Revenue: $8.7 million, up 10% from $7.9 million in Q2 2024, driven by a 19% year-over-year increase in unit sales.
Gross Margin: 24%, compared to 34% in Q2 2024, reflecting higher input costs for clean extraction material. Margins are expected to improve as the Company begins processing material from Salisbury Canyon Ranch in 3Q 2025.
Net Loss: $2.9 million, or ($0.02) per share, a 45% improvement from a $5.5 million loss in Q2 2024.
Adjusted EBITDA: ($1.2) million, compared to $0.3 million in Q2 2024, impacted by lower gross margins and increased operating expenses related to planting Salisbury Canyon Ranch and ramping operations in New York.
Bitcoin: LEEF holds 4.4 Bitcoin with an average cost basis of $104,591 per coin. The Company is evaluating opportunities to meaningfully increase its Bitcoin holdings.
Operational Highlights:
Planted Salisbury Canyon Ranch: In April, LEEF planted Salisbury Canyon Ranch, one of the largest cannabis farms in the world. Since the quarter end, the Company successfully harvested the material and replanted a second crop for fall harvest. The summer harvest exceeded expectations and is expected to drive meaningful margin improvements beginning in Q3 2025.
New York License Acquisition: On June 9, 2025, LEEF closed the acquisition of a New York cannabis license. The Company is expected to begin producing a full range of concentrates in Q3 2025. New York is expected to increase revenue and margins.
Leadership Addition: In June 2025, Josh Keats joined as Chief Operating Officer, bringing over 20 years of cannabis industry expertise, including serving as Founder and CEO of Henry's Original. His leadership will drive operational excellence as LEEF scales its cultivation and enters new markets.
Management Commentary:
'This quarter marked a pivotal transition for LEEF as we completed our first planting at Salisbury Canyon Ranch and secured our New York license,' said Micah Anderson, CEO of LEEF Brands, Inc. 'The Salisbury Canyon Ranch harvest and the New York license are expected to strengthen our margins starting in Q3 2025 by reducing reliance on external biomass and opening new revenue streams.'
Kevin Wilson, CFO, added, 'The first harvest off the Salisbury Canyon Ranch positions us for significant margin improvement in the second half of 2025, as we leverage our vertically integrated supply chain and expand into high-growth markets. Despite pricing pressures in California, our focus on operational efficiency and strategic growth sets a strong foundation for long-term value creation.'
ARTICLE CONTINUES BELOW
About LEEF Brands, Inc.
LEEF Brands, Inc. is a leading California and New York-based extraction and manufacturing cannabis company. With a comprehensive supply chain, innovative manufacturing processes, and a dynamic bulk concentrate portfolio, LEEF powers some of the largest cannabis brands in the United States. For more information, visit www.LeefBrands.com.
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 net proceeds from the Offering 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 that the Company does not use the net proceeds from the Offering as anticipated, as well as 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.
ARTICLE CONTINUES BELOW
ARTICLE CONTINUES BELOW
LEEF Brands, Inc.
Per: Jesse Redmond, Head of Investor Relations and Business Development
Phone: +1 (707) 703-4111
Email: ir@leefca.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
36 minutes ago
- Cision Canada
Gladiator Metals Announces Upsize in Bought Deal Private Placement to C$22.5 Million
VANCOUVER BC, /CNW/ - Gladiator Metals Corp. (TSXV: GLAD) (OTC: GDTRF) (Frankfurt: ZX7) (" Gladiator" or the " Company") is pleased to announce that in connection with its previously announced "bought deal" private placement, the Company and Cormark Securities Inc. on behalf of a syndicate of underwriters (collectively, the " Underwriters"), have agreed to increase the size of the private placement to aggregate gross proceeds of approximately $22.5 million (the " Offering"). The Offering will consist of the issuance and sale of (i) 10,563,400 common shares of the Company that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the " FT Shares"), at a price of $1.42 per FT Share, for gross proceeds of $15,000,028, and (ii) 8,152,200 common shares of the Company (the " HD Shares") at a price of $0.92 per HD Share, for gross proceeds of $7,500,024, for aggregate gross proceeds to the Company of $22,500,052. The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Shares, pursuant to the provisions in the Income Tax Act (Canada), to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as both terms are defined in the Income Tax Act (Canada) (the " Qualifying Expenditures") related to the Company's projects in the Yukon Territory. Gladiator intends to use the net proceeds of the offered HD Shares for working capital and general corporate purposes. Qualifying Expenditures in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares will be incurred (or deemed to be incurred) by the Company on or before December 31, 2026, and will be renounced by the Company to the initial purchasers of the FT Shares with an effective date no later than December 31, 2025. The Offering is expected to close on or about September 9, 2025 or such other date as the Company and the Underwriters may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the conditional approval of the TSX Venture Exchange. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (" NI 45-106"), the FT Shares and HD Shares will be offered for sale to purchasers resident in all Provinces of Canada, other than Quebec, and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions to the Listed Issuer Financing Exemption (the " Listed Issuer Financing Exemption"). The FT Shares and HD Shares issued to Canadian resident subscribers under the Listed Issuer Financing Exemption will not be subject to a hold period pursuant to applicable Canadian securities laws. There is an amended and restated offering document related to the Offering and the use by the Company of the Listed Issuer Financing Exemption that can be accessed under the Company's profile on SEDAR+ at and on the Company's website at Prospective investors should read this offering document before making an investment decision. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. On behalf of the Board of Directors, Gladiator Metals Corp. Jason Bontempo, CEO Forward-Looking Statement Cautions: This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, but not limited to, statements regarding the Company's plans with respect to the Company's projects and the timing related thereto, the merits of the Company's projects, the Company's objectives, plans and strategies, the Offering, the listing of the FT Shares and the HD Shares on the TSX Venture Exchange, the tax treatment of the FT Shares, the use of proceeds of the Offering and other matters. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances, necessary to carry out the Company's exploration plans, risks of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at for a more complete discussion of such risk factors and their potential effects.
Toronto Star
an hour ago
- Toronto Star
Mr. Eric Krafft Reports Participation on the Private Placement of Leading Edge Materials Corp.
NOT FOR DISTRIBUTION TO UNITED STATES NEWWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES Mr. Eric Krafft Reports Participation on the Private Placement of Leading Edge Materials Corp. MONACO, August 19, 2025 /CNW/ - Mr. Eric Krafft announces that, Mr. Eric Krafft, Director of Leading Edge Materials Corp. (the 'Company') or ('LEM') has purchased under the Company's most recent non-brokered private placement 10,666,000 Units of LEM ('Units') at a price of CAD$0.16 per Unit (the 'Acquisition') for aggregate proceeds of $1,706,560. Each Unit will consist of one (1) common share (each, a 'Common Share') in the capital of the Company and one (1) Common Share purchase warrant (a 'Warrant'). Each Warrant will entitle the holder to purchase one Common Share (a 'Warrant Share') at a price of C$0.32 per Warrant Share until the date which is four (4) years from the closing date of the Private Placement (the 'Closing Date'). ARTICLE CONTINUES BELOW Upon closing of the Acquisition, Mr. Krafft holds 95,722,577 Common Shares representing 38.30% of the issued and outstanding Common Shares, and 27.17% of the Common Shares on a fully diluted basis. The 10,666,000 Common Shares acquired by Mr. Krafft pursuant to the Acquisition, represent approximately 4.27% of the issued and outstanding Common Shares of LEM, on a non-diluted basis, and 3.03% on a fully-diluted basis. Prior to the Acquisition, Mr. Krafft owned and controlled 85,056,577 Common Shares of LEM, representing approximately 36.63% of the then issued and outstanding Common Shares of LEM, on a non-diluted basis, 22,852,173 share purchase warrants (the 'Warrants') to acquire 22,852,173 additional Common Shares of LEM and 6,500,000 stock options (the 'Options') to acquire an additional 6,500,000 Common Shares of LEM. Immediately after the Acquisition, Mr. Eric Krafft owns and controls 95,722,577 Common Shares of LEM, representing approximately 38.30% of the issued and outstanding Common Shares of LEM, 33,518,173 Warrants and 6,500,000 Options. Assuming exercise of the Warrants and Options by Mr. Krafft only, Mr. Krafft would have control or direction over 135,740,750 Common Shares of LEM representing 46.81% of the then issued and outstanding Common Shares of LEM. Eric Krafft has acquired the Common Shares for investment purposes and has a long-term view of his investment. In the future, Mr. Krafft may take such actions in respect of his investment in LEM ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW as he may deem appropriate, depending on the market conditions and circumstances at that time. The Early Warning Report will be filed with the applicable securities commissions via SEDAR and will be available for viewing on LEM's profile at For further information or to obtain a copy of the Early Warning Report, please contact Mr. Eric Krafft at +377 9797 8420. This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'U.S. Securities Act'), or any state securities laws and may not be offered ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW or sold in the United States or to U.S. Persons absent registration under the U.S. Securities Act and applicable state securities laws or an applicable exemption from such registration requirements. Attachment Press Release - Eric Krafft Personal(54963497.2)
The Market Online
3 hours ago
- The Market Online
Market Open:
Investors closely watched the CPI data, released this morning for insights into the BoC rate trajectory, giving futures on Baystreet some steadiness this morning. Market Numbers (Futures) TSX : Up ( 0.12%) 27,956.36TSXV: Flat (0.00%) 789.08DOW: Up (0.08%) 45,070.00NASDAQ: Down (0.10%) 23,780.50 FTSE: Up (0.33%) 9,187.54 In the Headlines: Two breaking news headlines- After days of defiance, Air Canada's flight attendants won ground pay for boarding and other pre-flight duties, preserved their members' right to vote on the contract, and agreed to bring operations back, a win that could ripple across airline labour negotiations. And Canada's July inflation cooled to 1.7%—down from June's 1.9%—as plunging gas prices offered relief, though core pressures remain stubborn and still hang over rate-cut bets. Currencies Update: (Futures) The Canadian dollar slipped close to a quarter percent to US$0.7229, and fell against the euro by 0.39% to $0.6188, while Bitcoin stood out as the lone gainer, edging up just over 0.13% to $159,812.88 Commodities: (Futures) Natural Gas: Down (5.21%), 2.77WTI: Down (1.58%), 61.83Gold: Down (0.14%), 3,330.03 Copper: Up (0.03%) 6.02 To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here
