LEEF Brands announces increase in production capacity

LEEF Brands has announced substantial increases in production capacity across its concentrate lines to address increasing market demand.

The Company has completed significant expansions in its extraction capabilities, including a 66% increase in ethanol extraction capacity, 50% increase in solventless extraction capacity, and a 38% increase in hydrocarbon extraction capacity.

These expansions come at a critical time, with LEEF's products currently utilized in 48% of categories in California's approximately $4.2 billion legal cannabis market.

"Our production expansion reflects the robust market appetite for high-quality cannabis concentrates," said Micah Anderson, CEO of LEEF Brands. "By increasing our extraction capabilities across all three lines, we're positioning ourselves to meet the diverse needs of California's cannabis consumers."

In addition to production expansions, LEEF has secured its 2025 cultivation licenses from the California Department of Cannabis Control for Salisbury Canyon Ranch. Salisbury Canyon Ranch is LEEF's 1900-acre trophy ranch and will become one of the largest cannabis farms in the world.

The increases in extraction capacity, coupled with the planting of Salisbury Canyon Ranch, are expected to drive increases in revenue and margins for LEEF this year.