other material
confidence high
sentiment neutral
materiality 0.60
Leef Brands closes $5.2M preferred financing for processing facility; total $14.5M raised
Leef Brands Inc.
- Issued 20.8M Series A-2 preferred shares at US$0.25/share for gross proceeds of US$5.2M.
- Exchanged 11.2M Series A-1 shares for 12.6M Series A-2 shares plus supplemental dividends.
- Total gross proceeds across all closings of the offering approximately US$14.5M.
- Proceeds to purchase a cannabis processing and storage facility to support Salisbury Canyon Ranch and future expansion.
- Insider Jamie Mendola participated in the exchange; relied on MI 61-101 exemptions.