Leef Brands Inc. (LEEEF)
Leef Brands, Inc. is an extraction and manufacturing cannabis company, recognized for its large-scale vertical integration. It focuses on creating a true platform that includes integrated supply chain, robust manufacturing capabilities, quality consumer packaged products, and consolidated internal sales team supports future growth both organically and through M&A. The company specializes in combining a full supply chain, cutting-edge manufacturing processes, and a diverse bulk concentrate portfolio. Leef Brands was founded on September 15, 2011 and is headquartered in Vancouver, Canada.
Sector: Medicinal Chemicals & Botanical Products
Industry: Drug Manufacturers - Specialty & Generic
Leef Brands Inc.
OTC:LEEEFHealthcare · Drug Manufacturers - Specialty & Generic
-2.89%$0.1461
Mkt Cap$44.64M
Float288.8M
O/S305.56M
Inst Own-
SI0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$35.4M
Net Income-$17.94M
Total Assets$36.34M
Free Cash Flow-$996K
Debt & Equity
Debt 291%
Total Debt$12.58M
Total Equity-$8.25M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:10
Nasdaq bars a compliance period at 1:250
- 1:10Reverse splitNov 18, 202410 shares → 1
Balance Sheet Details
Assets$36.34M
Liabilities$44.59M
Accounts Receivable$1.59M
Accounts Payable$2.82M
Inventory$3.34M
PP&E (Net)$26.67M
Goodwill$0
Intangible Assets$1.12M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $35.4M | $28.5M | $30.61M | $27M | $33.46M |
| YoY Growth | 24.2% | -6.9% | 13.4% | -19.3% | - |
| Cost of Revenue | $33.68M | $19.56M | $20.59M | $17.45M | $25.04M |
| Gross Profit | $1.72M | $8.94M | $10.02M | $9.55M | $8.41M |
| Gross Margin | 4.8% | 31.4% | 32.7% | 35.4% | 25.1% |
| Research and Development | $20K | $19K | $202K | $1.84M | $280K |
| Selling, General, and Administrative | $6.73M | $11.83M | $12.34M | $20.7M | $8.98M |
| Other | $305K | $5.08M | $34.12M | $16.79M | -$3.6M |
| Total Operating Expenses | $7.06M | $16.93M | $46.66M | $39.33M | $5.66M |
| Operating Income (EBIT) | -$5.34M | -$7.99M | -$36.64M | -$29.78M | $2.75M |
| Operating Margin | -15.1% | -28.0% | -119.7% | -110.3% | 8.2% |
| Interest Expense | $2.41M | $5.16M | $4.58M | $4.47M | $3.98M |
| Interest Income | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$10.03M | -$13.33M | -$3.29M | $4.52M | -$8.8M |
| Income Before Tax (EBT) | -$15.38M | -$21.31M | -$39.93M | -$25.26M | -$6.05M |
| Income Tax Expense | $2.56M | $3.31M | -$4.96M | $3.67M | $1.68M |
| Net Income | -$17.94M | -$24.62M | -$34.97M | -$28.92M | -$7.73M |
| Net Income Margin | -50.7% | -86.4% | -114.2% | -107.1% | -23.1% |
| Supplementary Data | |||||
| EPS | -0.10 | -0.17 | -0.30 | -0.40 | -1.41 |
| Diluted EPS | -0.10 | -0.17 | -0.30 | -0.40 | -1.41 |
| Weighted Average OS | 184.91M | 142.60M | 115.96M | 73.18M | 5.49M |
| EBITDA | -$10.62M | -$14.26M | -$33.41M | -$18.89M | -$570K |
| EBITDA Margin | -30.0% | -50.0% | -109.1% | -70.0% | -1.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $2.19M | $2.73M | $6.41M | $3.31M | $7.51M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $2.19M | $2.73M | $6.41M | $3.31M | $7.51M |
| Accounts Receivable | $1.59M | $2.39M | $2.53M | $3.1M | $1.84M |
| Inventory | $3.34M | $4.22M | $3.29M | $2.98M | $2.82M |
| Other Current Assets | $507K | $507K | $2.38M | $149K | $727K |
| Total Current Assets | $8.13M | $10.48M | $14.63M | $11.81M | $13.38M |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $26.67M | $28.48M | $24.33M | $20.04M | $16.69M |
| Goodwill | $0 | $0 | $1.57M | $0 | $0 |
| Intangible Assets | $1.12M | $2.23M | $3.05M | $29.3M | $9.03M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $412K | $1.78M | $415K | $780K | $311K |
| Total Long-Term Assets | $28.2M | $32.5M | $29.37M | $50.11M | $17M |
| Other Assets | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $36.34M | $42.98M | $44M | $61.93M | $30.38M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $2.82M | $3.51M | $4.13M | $2.74M | $1.05M |
| Short-Term Debt | $1M | $1.34M | $9.76M | $44K | $12.71M |
| Current Income Tax Payable | $0 | $12.84M | $9.41M | $5.58M | $2.78M |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $81K |
| Other Current Liabilities | $2.25M | $936K | $936K | $0 | $0 |
| Total Current Liabilities | $8.33M | $24.01M | $27.37M | $10.47M | $19.9M |
| Long-Term Liabilities | |||||
| Long-Term Debt | $9.77M | $19.22M | $8.06M | $7.06M | $54K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $765K | $883K | $1.01M | $8.76M | $2.66M |
| Other Long-Term Liabilities | $24.07M | $9.01M | $4.35M | $4.81M | $2.51M |
| Total Long-Term Liabilities | $36.26M | $31.4M | $15.77M | $23.73M | $3.77M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $44.59M | $55.41M | $43.15M | $34.19M | $23.67M |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $131.45M | $109.65M | $94.67M | $86.41M | $55K |
| Retained Earnings | -$139.12M | -$121.75M | -$97.13M | -$62.3M | -$34.64M |
| Comprehensive Income & Other | -$336K | -$337K | -$344K | -$169K | $4.46M |
| Other Stockholders' Equity | -$575K | -$337K | -$344K | -$169K | $36.24M |
| Total Equity | -$8.25M | -$12.43M | -$2.8M | $23.94M | $1.65M |
| Minority Interest | $0 | $0 | $3.65M | $3.79M | $5.06M |
| Total Liabilities and Equity | $36.34M | $42.98M | $40.35M | $58.13M | $25.32M |
| Supplementary Data | |||||
| Total Debt | $12.58M | $23.15M | $20.38M | $10.91M | $14.55M |
| Net Debt | $10.39M | $20.41M | $13.97M | $7.6M | $7.04M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | |||||
| Net Income | -$17.63M | -$24.62M | -$34.97M | -$28.92M | -$7.73M |
| Depreciation & Amortization | $2.35M | $1.9M | $1.94M | $1.9M | $1.5M |
| Deferred Income Tax | -$116K | -$128K | -$8.76M | -$98K | $0 |
| Stock-Based Compensation | $2.69M | $1.3M | $1.25M | $5.56M | $1.31M |
| Changes in Working Capital: | |||||
| Accounts Receivable | $816K | $136K | $654K | -$343K | -$211K |
| Inventory | $836K | -$934K | -$70K | $1.17M | $3.79M |
| Accounts Payable | -$520K | -$364K | $1.4M | $2.17M | -$77K |
| Other Working Capital | $2.99M | $3.84M | $4.86M | $4.77M | $229K |
| Total Working Capital Change | $4.12M | $2.68M | $6.84M | $7.76M | $3.73M |
| Other Non-Cash Items | $8.25M | $17.82M | $33.89M | $7.49M | $1.69M |
| Net Cash from Operating | -$343K | -$1.05M | $188K | -$6.32M | $498K |
| Investing Activities | |||||
| Capital Expenditures | -$1.17M | -$5.92M | -$7.61M | -$120K | -$1.11M |
| Acquisitions | $0 | $0 | $326K | $2.35M | $215K |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $411K | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$347K | $0 | $0 | $0 |
| Net Cash from Investing | -$762K | -$6.27M | -$7.28M | $2.23M | -$898K |
| Financing Activities | |||||
| Debt Repaid | $820K | -$1.11M | -$11.97M | $2.82M | $64K |
| Common Stock Issuance | $1.37M | $2.28M | $100K | $3.6M | $2.5M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | -$1.21M | $0 | $0 |
| Other Financing Activities | $0 | $242K | -$479K | -$729K | $4.35M |
| Net Cash from Financing | $555K | $3.63M | $10.38M | $50K | $6.79M |
| Forex Effect | $7K | $7K | -$175K | -$169K | $47K |
| Net Change in Cash | -$544K | -$3.68M | $3.11M | -$4.21M | $6.39M |
| Supplementary Data | |||||
| Operating Cash Flow | -$343K | -$1.05M | $188K | -$6.32M | $498K |
| Capital Expenditure | -$653K | -$6.27M | -$7.61M | -$120K | -$1.11M |
| Free Cash Flow | -$996K | -$7.32M | -$7.42M | -$6.44M | -$615K |
| Cash at Beginning | $2.73M | $6.41M | $3.31M | $7.51M | $1.12M |
| Cash at End | $2.19M | $2.73M | $6.41M | $3.31M | $7.51M |