Northwire Canada EditionFriday, October 16, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Financings

Leef Brands receives $237,000 from debenture conversion

By The Northwire Desk — AI Analysis Dec 29, 2025 · 17:02 LEEF · 0.22 Leef Brands Inc
LEEF · Price

Executive Summary

  • Leef Brands Inc. completed the full early conversion of all outstanding Canadian-dollar-denominated convertible debentures, totaling approximately $237,000 in principal and accrued interest, effective December 15, 2025.
  • The conversion was executed under amended incentive terms, resulting in the issuance of approximately 946,309 units to debenture holders.
  • This event follows the prior full conversion of approximately $10.5 million (U.S.) in convertible debentures announced on December 5, 2025, effectively eliminating the company's remaining Canadian-dollar convertible debt.

Key Details

  • Conversion Amount: Approximately $237,000 (CAD) covering principal and accrued/unpaid interest.
  • Conversion Price: 25 cents per unit.
  • Units Issued: Approximately 946,309 units.
  • Unit Composition: Each unit consists of one common share and one common share purchase warrant.
  • Warrant Terms: Exercisable at $0.30 per share for a period of 36 months.
  • Previous Conversion: Follows the conversion of ~$10.5 million (USD) in convertible debentures on Dec. 5, 2025.
  • Balance Sheet Impact: Eliminates remaining Canadian-dollar convertible debenture debt.
  • Remaining Debt: Two real estate notes remain:
    • $4.2 million note at 4% interest.
    • $7 million note at 0% interest.
  • Additional Equity Activity: 6,081,053 restricted share units (RSUs) were exercised and settled into common shares.
  • Operational Context: Company reported 24% year-over-year revenue growth and a doubling of gross margins in Q3.

Notable Quotes

  • "With this milestone, the convertible debenture that originally helped capitalize the company has now been fully eliminated from our balance sheet... This marks the start of a new chapter, giving us the flexibility to strengthen and leverage our balance sheet as needed to support future growth and create long-term value." — Micah Anderson, Chief Executive Officer
Read the original news release →

More from Leef Brands Inc

May 11, 2026 · 16:02

LEEF Brands Secures Expansion Capital as Margins Surge to Record Levels

Financings May 08, 2026 · 08:30

Strategic Regulatory Filing Confirms Execution of Federal Expansion Thesis

Regulatory May 06, 2026 · 16:02

LEEF Brands Validates Vertical Integration Model With Record Margins Despite Revenue Headwinds

Earnings Apr 28, 2026 · 08:30

LEEF Brands Closes Himalaya Acquisition; Q1 Earnings Awaited Amid Margin Expansion

Earnings Apr 16, 2026 · 08:30

Strategic Acquisition Adds Brand Value But Dilution Concerns Linger

M&A / Property Mar 25, 2026 · 16:02

N/A

Earnings