LEEF Brands: 10:1 Share Consolidation and CAD $2.5M Capital Raise

LEEF Brands, Inc. (CSE: LEEF) (OTC: LEEEF) has announced a significant strategic move with a 10:1 share consolidation and a concurrent private placement to raise CAD $2.5 million. This dual-pronged approach aims to optimize the company's capital structure, attract a broader investor base, and fuel growth plans.

The share consolidation, set to take effect on November 18, 2024, will see the Company's issued and outstanding common shares consolidated at a ratio of ten pre-consolidation shares for one post-consolidation share. This move is designed to improve the Company's capital structure, enhance liquidity, and make LEEF shares more attractive to institutional investors. Upon completion, the Company will have approximately 162,762,651 common shares issued and outstanding.

Concurrent with the share consolidation, LEEF Brands is undertaking a private placement to raise gross proceeds of up to CAD $2.5 million through the issuance of up to 10,000,000 units. Each Unit will consist of one common share and one common share purchase warrant, priced at $0.25 (post-Consolidation) per Unit. The Warrants will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.40 (post-Consolidation) for a period of two years, with an acceleration clause if the Company's common shares trade at or above $0.60 CAD for ten consecutive business days.

The proceeds from the financing will be used to drive growth, with a focus on completing the farm and pursuing new market opportunities. This capital raise will support LEEF Brands' strategic objectives and enable the company to execute on its growth plans more effectively.

The share consolidation and concurrent financing are expected to have a positive impact on LEEF Brands' market capitalization and share price. By improving the Company's capital structure and attracting a broader investor base, these initiatives should enhance liquidity and help unlock shareholder value. As LEEF continues to expand its presence as a large-scale producer of cannabis concentrates, the capital raise will provide the necessary resources to accelerate growth plans and pursue new market opportunities.

In conclusion, LEEF Brands' 10:1 share consolidation and CAD $2.5 million capital raise represent strategic moves aimed at optimizing the Company's capital structure, attracting a broader investor base, and fueling growth plans. These initiatives are expected to have a positive impact on LEEF Brands' market capitalization, share price, and overall market position, as the Company continues to expand its presence in the cannabis industry.