LEEF Brands Cannabis Co. Is Cash Flow Positive For Third Consecutive Quarter, Reduced Net Loss
Canadian cannabis operator, LEEF Brands (CSE:LEEF) (OTC:LEEEF) reported its financial results Thursday for the three and six months ended June 30, 2024. The British Columbia-based company posted quarterly net sales of $7.9 million, compared to net sales of $9.3 million in the same period last year.
“Our financial results reflect a continued focus on operational efficiency and cost control,” stated Kevin Wilson, chief financial officer. “We are proud to report that the company was cash flow positive from operations for the third consecutive quarter. Additionally, Adjusted EBITDA, which includes only the addition of stock compensation expense and the gain on the extinguishment of debt, remains positive, highlighting …