Recent Updates — LEEEF

Leef Brands, Inc. appointed Hirsh Jain as an independent director to its Board of Directors effective October 1, 2026. Concurrently, Kevin Wilson resigned from the Board but will continue serving as Chief Financial Officer. The appointment expands the board composition to strengthen independent oversight, with independent directors comprising a majority of the five-member board and leading key committees. Jain brings expertise in cannabis policy and strategy as CEO of Ananda Strategy, LLC. This governance change supports Leef Brands' long-term strategy to prepare for interstate commerce and international export opportunities. Leef Brands is a California-based concentrate company operating in the cannabis industry.

On July 27, 2026, Leef Brands completed a non-brokered private placement and share exchange of Series A-2 preferred shares. The company issued 20,800,000 new Series A-2 Preferred Shares for US$5.2 million in cash at US$0.25 per share. Additionally, it exchanged 11,204,376 existing Series A-1 Preferred Shares for 12,601,551 Series A-2 Preferred Shares, including supplemental dividends for the period June 1 to July 10, 2026. Total gross proceeds from all closings now stand at approximately US$14.5 million. Proceeds will fund the acquisition of a cannabis processing facility in Mendocino County to dry, cure, and store biomass from Salisbury Canyon Ranch. The company operates in the cannabis extraction and manufacturing industry.