Leef Brands Inc.

EFFECT effective

424B3 priced

81,555,686 shares · Gross proceeds $7,000,000

Leef Brands Inc. reported consistent revenue of $9.4 million for Q1 2026, reflecting its strategic pivot to bulk concentrate manufacturing and ongoing pricing pressures in the California cannabis market. The company improved gross margins to 49% through integration of its Salisbury Canyon Ranch biomass supply and disciplined procurement. Operational expenses decreased by 16.1% year-over-year, driven by cost management initiatives. The company converted $14 million in convertible debentures into common shares and warrants in December 2025, reducing debt obligations. Despite a net loss of $426,253 in Q1 2026, the loss was primarily attributable to non-cash derivative liability adjustments rather than operational performance.

S-1 filed

Leef Brands Inc. reports improved financial performance in Q1 2026, driven by a 49% gross margin from integrated biomass supply chain (Salisbury Canyon Ranch) and reduced operating expenses. Adjusted EBITDA surged to $2.4M vs. -$732K in Q1 2025, with debt conversions and equity raises strengthening liquidity. The company expanded into New York and focuses on wholesale concentrate manufacturing amid California market pressures.

RW withdrawn

Leef Brands, Inc. has filed a request to withdraw its previously submitted Registration Statement on Form S-1 (File No. 333-289872) with the SEC. The company cited its decision not to proceed with the registration of shares owned by certain stockholders, with an alternative plan to potentially voluntarily register under Section 12(g) of the Securities Exchange Act of 1934. No securities were sold under the original registration statement.

S-1/A amended

Leef Brands Inc. filed an S-1/A registration statement, primarily containing financial data and entity disclosures. The filing includes details on subsidiaries, financial metrics, and asset valuations, but lacks explicit narrative details about the company's business, financial performance, or offering terms.

S-1/A amended

Leef Brands Inc. filed an S-1/A registration statement, indicating updates to its initial IPO filing. The document includes financial data and disclosures similar to the previous S-1, with no visible material changes in core business details or risk factors. The filing focuses on financial metrics, subsidiary structures, and accounting disclosures, suggesting incremental updates rather than substantive revisions.

S-1 filed

Leef Brands Inc. has filed an S-1 registration statement for its initial public offering (IPO). The filing includes detailed financial data, such as common stock, retained earnings, and equity components, alongside disclosures about subsidiaries and assets. The company operates through multiple entities, including AyaBiosciences Inc. and PaleoPawCorp, and reports financial metrics across various periods. The filing reflects a pre-IPO structure with complex corporate relationships and asset valuations.