LEEF Brands Reports Strongest Quarter in Company History With Record Gross Profit, Margins, and Adjusted EBITDA

Article content

Himalaya Acquisition Adds Branded Platform: On April 28, LEEF announced the acquisition of Himalaya, a leading California concentrates brand. The acquisition marks a key step in LEEF’s evolution toward a more vertically integrated model, enabling the Company to capture higher-margin retail opportunities alongside its wholesale business.

Article content

Outlook
LEEF is closely tracking ongoing federal rescheduling developments and actively preparing for potential interstate and international market opportunities. The Company has submitted applications for DEA licenses to support future domestic and export capabilities.

Article content

LEEF expects to begin processing its first 2026 harvest in June, with meaningful volumes entering production in early Q3. As additional acreage comes online throughout 2026, the Company expects to significantly increase in-house biomass production, further reducing reliance on third-party sourcing and driving more consistent, high-margin performance over time.

Article content

Conference Call Details
Date: Wednesday, May 6, 2026
Time: 5:00 p.m. Eastern Time
Webcast: To listen via webcast, please use the following link: https://edge.media-server.com/mmc/p/cc98s8zk
Replay: A replay will be available for one year using the same link

Article content

Article content

Adjusted EBITDA Reconciliation

Article content

Article content

About LEEF Brands, Inc.
LEEF Brands, Inc. is a leading California and New York-based extraction and manufacturing cannabis company. With a comprehensive supply chain, innovative manufacturing processes, a dynamic bulk concentrate portfolio, and a growing line of branded products, LEEF powers some of the largest cannabis brands in the United States. For more information, visit www.LeefBrands.com.

Article content

Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively, “forward-looking statements”), including, but not limited to, statements regarding the anticipated benefits of the acquisition of HIMALAYA, including expected margin improvements, integration of operations, expansion of distribution, and entry into new markets.

Article content

Article content

Forward-looking statements reflect current expectations or beliefs regarding future events or the Company’s future performance or financial results. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “estimates”, “continues”, “projects”, “intends”, “anticipates”, “targets” or “believes”, or variations of, or the negatives of, such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved.

Article content

Although the Company believes that the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements.

Article content

There are certain factors that could cause actual results to differ materially from those in the forward-looking information, including, but not limited to, the risks disclosed in the Company’s public filings on the Company’s issuer profile on SEDAR+ at www.sedarplus.ca. Accordingly, readers should not place undue reliance on forward-looking statements.

Article content

LEEF Brands, Inc.
Per: Jesse Redmond, Chief Strategy & Investor Relations Officer
Phone: +1 (805) 717-9327
Email: [email protected]

Article content

Article content

Article content

Article content

Article content

Article content