Leef Brands, Inc. is a vertically integrated cannabis extraction and manufacturing operator based in California. The company engages in the cultivation of cannabis, extraction of cannabinoids using ethanol, hydrocarbon and solventless methods, and production of bulk concentrates such as distillate oil, live resin and rosin. It supplies these products to other cannabis brands and retailers in the regulated markets of California and New York while also maintaining a CBD wellness line under its own brand.

Leef Brands, Inc. generates revenue primarily from the sale of bulk cannabis concentrates to licensed brands that incorporate the extracts into finished consumer products. The company also offers white label manufacturing services and sells its own CBD wellness products through online and select retail channels. Its customer base consists of licensed cannabis operators in California and New York, and revenue is recognized upon delivery of extract volumes under business to business agreements.

The company operates through the following segments.

• LEEF Brands: This segment encompasses the holding company that owns a fully integrated supply chain, including an advanced extraction facility, a large scale cultivation ranch and a CBD wellness line, and manages retail and white label manufacturing operations.

• LEEF Labs: This segment provides large scale ethanol, hydrocarbon and solventless extraction to produce wholesale concentrates, distillates, edibles and white label services for third party brands in California and New York.

• LEEF Organics: This segment markets a CBD wellness line featuring products such as the Recover CBD Roll on, the Chill CBD Balm, the Exfoliant CBD Body Scrub, the Revive CBD Balm and the Wild Crafted CBD Skin Oil, sold online and through select North American retailers and spas.

Leef Brands, Inc. competes with other bulk concentrate manufacturers in the fragmented cannabis extraction sector. Its competitive advantage stems from a fully vertically integrated model that couples company owned cultivation at the 1,900 acre Salisbury Canyon Ranch with high throughput extraction lines, allowing it to control input costs and ensure product consistency. The firm’s scale, capable of producing over 1,000,000 pounds of concentrates annually, and its reputation for reliability enable it to supply top tier brands in California and New York, positioning it as a preferred B2B partner in a market where price compression and regulatory scrutiny favor operators with secure supply chains.

Leef Brands, Inc. serves a diversified customer base comprised of licensed cannabis brands and retailers that purchase bulk concentrates for formulation into vape cartridges, edibles, topicals and other finished products. While no single account exceeds 10% of revenue, the company supplies many of the leading operators in California and has begun to develop relationships with licensed processors and distributors in New York as it expands its presence on the East Coast.