Leef Brands Inc. acquired The Leaf at 73740 LLC for CAD 8.65 million.
Leef Brands Inc. (CNSX:LEEF) completed the acquisition of The Leaf at 73740 LLC for CAD 8.65 million on January 11, 2023. Under the terms of the purchase agreement, LEEF brands acquired all of the equity interests in the Leaf for 96,138,562 common shares (?Shares?) at a price per share equal to CAD 0.0666. The Acquisition is expected to be immediately accretive to LEEF Brands on both a Sales and EBITDA basis. All Shares issued will be subject to a contractual lock-up period. Bayline Capital Partners acted as financial advisor and Jackson Tidus LLP acted as US legal advisor to LEEF Brands.