InvestmentJun 2, 2026, 04:03 PM
Leef Brands Completes US$9.3M Financing, Issues Shares & Warrants
AI Summary
On May 18, 2026, Leef Brands Inc. completed a previously announced financing, raising approximately US$9.3 million in gross proceeds. The company issued 33,146,842 Common Share Units at CN$0.25 per unit, each including one common share and one common share purchase warrant. Additionally, 11,084,132 Preferred Shares were issued, carrying a 15% annual dividend and convertible into common shares at CN$0.38. The financing was led by Mindset Capital and included participation from existing shareholders, new strategic investors, and company executives.
Key Highlights
- Completed financing on May 18, 2026, raising approximately US$9.3 million in gross proceeds.
- Issued 33,146,842 Common Share Units at CN$0.25 per Unit.
- Each Unit included one common share and one warrant to acquire a common share at CN$0.30 for 24 months.
- Issued 11,084,132 Preferred Shares with a 15% annual dividend (10% cash, 5% in kind).
- Preferred Shares are convertible into common shares at CN$0.38 per share.
- Financing led by Mindset Capital, with participation from CEO Micah Anderson and CFO Kevin Wilson.
- Securities were not registered under the Securities Act of 1933, offered via Section 4(a)(2) exemption.
Price Impact
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