LEEF Brands Launches New York Lab, 2025 Production Fully Committed

Executive Summary

• LEEF Brands’ new extraction lab in Upstate New York is now fully operational, producing solvent‑less concentrate with hydrocarbon capability slated for the next quarter.
• All 2025 concentrate production has already been allocated to existing brand partners and new in‑state clients, indicating immediate revenue impact.
• The launch expands LEEF into a multi‑state operator with exposure to one of the fastest‑growing U.S. cannabis markets, supporting higher margins and stronger financial outlook through 2026.

Key Details

• Installation of extraction equipment completed; solvent‑less (rosin) production already underway.
• Hydrocarbon‑based concentrate production expected to commence in Q4 2025.
• 2025 concentrate capacity fully committed to existing brand partners and new New York clients.
• New York cannabis market generated >$1 billion in sales in 2024; projected $1.5 billion in 2025 and >$2 billion by 2026. Concentrates account for ~55% of product sales.
• CFO Kevin Wilson cites the New York launch, together with successful harvests at Salisbury Canyon Ranch (CA), as drivers of “meaningful revenue growth” and higher margins into 2026.
• The lab launch follows completion of the NY cannabis license acquisition in June 2025, marking rapid transition from licensing to commercial operations.
• Leadership will attend several industry/investor events in October (Hall of Flowers conference, Digital Wealth Frontiers Summit, IgniteIt Cannabis Market Spotlight).

Notable Quotes

• “Launching operations in New York is a landmark moment for LEEF… the fact that our 2025 production is already fully committed speaks volumes about the trust our partners place in LEEF’s quality, consistency, and execution.” – Micah Anderson, CEO
• “As we scale in New York, we expect this market not only to drive meaningful revenue growth but also deliver higher margins as we push into 2026.” – Kevin Wilson, CFO