VANCOUVER, British Columbia — November 4, 2025 — Leads & Copy — LEEF Brands, Inc. (CSE: LEEF, OTCQB: LEEEF) today reported its Q3 2025 financial results, showing revenue up 24% to $8.4 million from $6.8 million in Q3 2024.
Gross margin more than doubled to 45%, driven by lower input costs and higher-margin sales in New York. Operating expenses decreased 12% year-over-year to $3.9 million. Adjusted EBITDA was $0.7 million, compared to ($2.4) million in Q3 2024, and free cash flow was $0.2 million, compared to ($0.3) million in Q3 2024.
Operational highlights include a successful harvest at Salisbury Canyon Ranch, the launch of solventless operations in New York, and the completion of an oversubscribed $1.5 million private placement.
LEEF Brands holds 4.58 Bitcoin with an average cost basis of $103,458 per coin and is evaluating opportunities to increase its Bitcoin holdings significantly.
Micah Anderson, CEO of LEEF Brands, Inc., noted that disciplined execution and operational focus are driving measurable progress across the business. Kevin Wilson, CFO, added that the company’s ability to grow revenue while controlling costs demonstrates the scalability of its model.
LEEF Brands will host an earnings conference call and webcast on Tuesday, November 4, 2025, at 5:00 p.m. Eastern Time.
The company also issued 537,023 common shares to a service provider and 1,150,820 common shares upon the exercise of employee stock options.
Contact: Jesse Redmond, Head of Investor Relations and Business Development, +1 (707) 703-4111, ir@leefca.com
Source: LEEF Brands, Inc.
