Why LEEF Brands’ Stock Is Up 25% Today And A Look At Cannabis Earnings: Glass House, Charlotte’s Web, AFC Gamma
This week’s cannabis earnings highlighted a widening divergence between U.S. operators. LEEF Brands (OTCQB:LEEEF) saw its stock jump nearly 25% after striking a new dispensary management and supply deal with Glass House Brands (OTCQX:GLASF). Meanwhile, Glass House rose 4.5% on solid Q1 results, Charlotte’s Web (OTCQX:CWBHF) traded flat despite its first year-over-year revenue growth in years and AFC Gamma (NASDAQ:AFCG) dipped almost 2% as it worked to de-risk its lending book.
Here’s a breakdown of each company’s report and what investors need to know.
LEEF Brands
Shares of LEEF Brands surged nearly 25% Wednesday after announcing a new management services agreement with Glass House Brands to operate The LEAF El Paseo, a Palm Desert dispensary. The deal gives Glass House control over daily operations, while LEEF secures a significant biomass supply agreement to fuel its extraction lines.
“This partnership is a true win-win,” said LEEF CEO Micah Anderson. “It allows us to sharpen our focus on concentrates while strengthening production capacity.”
The agreement marks Glass House’s first formal retail management deal and offers both companies strategic upside. For Glass House, it expands retail reach without the capital requirements of building new stores. For LEEF, it enhances supply chain security while offloading operational complexity in retail.