Marijuana Company LEEF Brands Consolidates Shares, Launches $1.8M Private Placement To Fuel Expansion
Cannabis company – LEEF Brands, Inc. (CSE:LEEF) (OTC:LEEEF) announced a 10-for-1 share consolidation of its common shares and a proposed private placement to raise up to CA$2.5 million ($1.8 million).
“This share consolidation and concurrent financing will improve our capital structure and provide the company with the necessary resources to accelerate our growth plans,” stated Micah Anderson, CEO of LEEF Brands. “We believe these initiatives will attract a broader investor base, enhance liquidity, and help unlock shareholder value as we continue to expand our presence as a large-scale producer of cannabis concentrates.”
Share Consolidation Details
The company’s issued and outstanding common shares will be consolidated based on ten pre-consolidation shares for one post-consolidation share. The consolidation aims to improve the company’s capital structure, increase its attractiveness to institutional investors, …