# Leef Brands Inc. (LEEEF) — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_00c37c2939e0ec92a85b · retrieved 2026-08-11T16:16:03.767Z

## Overview
Leef Brands Inc. is a British Columbia-incorporated cannabis company that operates cultivation facilities (Salisbury Canyon Ranch) and processing/extraction operations (LEEF Labs facility in Mendocino County, California), with plans to expand into third-party processing and storage services.

On July 27, 2026, Leef Brands Inc. completed a non-brokered private placement and share exchange of Series A-2 preferred shares. The company issued 33,401,551 Series A-2 Preferred Shares in total: 20,800,000 shares were issued for new cash subscriptions at US$0.25 per share, generating US$5,200,000 in gross proceeds, and 12,601,551 shares were issued in exchange for the surrender and cancellation of 11,204,376 Series A-1 Preferred Shares, with supplemental dividends paid to Series A-1 holders for the period from June 1, 2026 to July 10, 2026. Each Series A-2 Preferred Share is convertible into one common share at a conversion price of US$0.25 per share, subject to customary anti-dilution adjustments. Including all prior closings, the company has raised approximately US$14,500,000 in aggregate gross proceeds from its preferred share offerings.

## Terms
- Deal value: $5.2M · Consideration: mixed · Price/share: $0.25

## Key dates
- Announced 2026-08-03

## Timeline
- 2026-08-03 · 8-K (0001493152-26-035720): 8-K - Leef Brands Inc. — *Leef Brands Inc. is a British Columbia-incorporated cannabis company that operates cultivation facilities (Salisbury Canyon Ranch) and processing/extraction operations (LEEF Labs facility in Mendocino County, California), with plans to expand into third-party processing and storage services.* On July 27, 2026, Leef Brands Inc. completed a non-brokered private placement and share exchange of Series A-2 preferred shares. The company issued 33,401,551 Series A-2 Preferred Shares in total: 20,800,000 shares were issued for new cash subscriptions at US$0.25 per share, generating US$5,200,000 in gross proceeds, and 12,601,551 shares were issued in exchange for the surrender and cancellation of 11,204,376 Series A-1 Preferred Shares, with supplemental dividends paid to Series A-1 holders for the period from June 1, 2026 to July 10, 2026. Each Series A-2 Preferred Share is convertible into one common share at a conversion price of US$0.25 per share, subject to customary anti-dilution adjustments. Including all prior closings, the company has raised approximately US$14,500,000 in aggregate gross proceeds from its preferred share offerings.
  https://www.sec.gov/Archives/edgar/data/1711141/0001493152-26-035720.txt

## Citations
- 0001493152-26-035720 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226035720