LEEF Brands Reports Second Quarter 2025 Financial Results

VANCOUVER, British Columbia, Aug. 19, 2025 (GLOBE NEWSWIRE) -- LEEF Brands, Inc. (CSE:LEEF, OTC:LEEEF) ("LEEF" or the "Company"), a premier California and New York cannabis operator, today announced its financial and operating results for the second quarter ended June 30, 2025. All figures are reported in U.S. dollars unless otherwise indicated.

Q2 2025 Financial Highlights:

Revenue: $8.7 million, up 10% from $7.9 million in Q2 2024, driven by a 19% year-over-year increase in unit sales.

Gross Margin: 24%, compared to 34% in Q2 2024, reflecting higher input costs for clean extraction material. Margins are expected to improve as the Company begins processing material from Salisbury Canyon Ranch in 3Q 2025.

Net Loss: $2.9 million, or ($0.02) per share, a 45% improvement from a $5.5 million loss in Q2 2024.

Adjusted EBITDA: ($1.2) million, compared to $0.3 million in Q2 2024, impacted by lower gross margins and increased operating expenses related to planting Salisbury Canyon Ranch and ramping operations in New York.

Bitcoin: LEEF holds 4.4 Bitcoin with an average cost basis of $104,591 per coin. The Company is evaluating opportunities to meaningfully increase its Bitcoin holdings.

Operational Highlights:

Planted Salisbury Canyon Ranch: In April, LEEF planted Salisbury Canyon Ranch, one of the largest cannabis farms in the world. Since the quarter end, the Company successfully harvested the material and replanted a second crop for fall harvest. The summer harvest exceeded expectations and is expected to drive meaningful margin improvements beginning in Q3 2025.