Leef Brands Inc., a prominent cannabis operator in California and New York, has announced a private placement offering of up to 4 million units at a price of C$0.25 per unit, aiming to raise gross proceeds of up to C$1 million. Each unit comprises one common share and one common share purchase warrant, allowing the holder to acquire an additional common share at C$0.30 within 24 months from the closing date. The proceeds are intended for general working capital purposes, supporting the company's expansion efforts following its first successful harvest at Salisbury Canyon Ranch. The offering is expected to close around August 10, 2025, pending customary closing conditions and approval from the Canadian Securities Exchange.
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