LEEF Brands Completes 10:1 Share Consolidation

Cannabis company LEEF Brands, Inc. LEEEF completed its 10-for-1 share consolidation of its common shares. The consolidation is now in effect, and the common shares are trading on the Canadian Securities Exchange and the OTCQB on a post-consolidation basis

In connection with the consolidation, the company's ticker symbol on the OTCQB has temporarily changed to LEEED. This adjustment will remain in effect for 21 days following the date of the consolidation, after which the company's ticker symbol on the OTCQB will revert to LEEEF. The company acknowledges any inconvenience this temporary change may cause and appreciates shareholders' understanding during this transition period.

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To address potential delays resulting from the Canada Post strike, shareholders submitting their letter of transmittal and share certificates (if applicable) are encouraged to deliver these documents directly to Olympia Trust Company, the company's transfer agent, via hand delivery.Once Canada Post resumes normal operations, LEEF will mail the letter of transmittal (available under the company's profile on SEDAR+) to any remaining registered shareholders to facilitate the exchange process.

Concurrent with the consolidation, LEEF Brands previously announced a private placement to raise gross proceeds of up to CA$2.5 million through the issuance of up to 10 million units. Each unit will be priced at $0.25 (post-consolidation) and will consist of one common share and one common share purchase warrant.

Earlier this month, the company reported its financial results for the three months ended Sept. 30, 2024, with revenue of $6.76 million compared to $5.67 million for the same period last year.

Price Action

LEEF Brands shares closed Thursday's market session flat at 16 cents per share.

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