LEEF Brands Launches New York Lab, 2025 Production Fully Committed

VANCOUVER, British Columbia, Sept. 30, 2025 (GLOBE NEWSWIRE) -- LEEF Brands, Inc. (CSE: LEEF, OTCQB: LEEEF) (“LEEF” or the “Company”), a premier multi-state operator, is pleased to announce that its extraction lab in Upstate New York is now operational. The Company has completed installation of its equipment and has commenced solventless concentrate production, with hydrocarbon capabilities expected to come online next quarter. This positions LEEF to meet rising demand in one of the U.S.’s fastest-growing cannabis markets.

All concentrate production for 2025 has already been allocated to a combination of LEEF’s established brand partners, many of whom are also leaders in New York, as well as a select group of new in-state clients. This provides immediate revenue impact and underscores the strong demand for LEEF’s concentrates.

“Launching operations in New York is a landmark moment for LEEF,” said Micah Anderson, CEO of LEEF Brands. “Our solventless lab is already producing premium rosin, and with hydrocarbon production expected to come online next quarter, we will soon deliver a full portfolio of concentrates. The fact that our 2025 production is already fully committed speaks volumes about the trust our partners place in LEEF’s quality, consistency, and execution.”

This milestone marks LEEF’s transformation into a multi-state operator (“MSO”) with a strong presence in two of the top ten cannabis markets in the United States. According to the New York Office of Cannabis Management, the state generated over $1 billion in sales in 2024* and analysts expect New York to exceed $1.5 billion in 2025, with the potential to surpass $2 billion in 2026. Concentrates are used in approximately 55% of products sold**, making New York an ideal market for LEEF.

“As we scale in New York, we expect this market not only to drive meaningful revenue growth but also deliver higher margins as we push into 2026,” said Kevin Wilson, CFO of LEEF Brands. “Together with successful harvests at Salisbury Canyon Ranch in California, New York operations position us to significantly improve our financial profile as we head into 2026.”

This announcement follows the Company’s previously announced completion of the New York license acquisition in June 2025, marking a rapid transition from acquisition to operational launch and initial sales.

Conference Participation

LEEF’s leadership team will participate in multiple industry and investor events in October. Micah Anderson, Chief Executive Officer, will attend the Hall of Flowers conference in New York on October 8–9, where he will meet with brand partners and industry stakeholders. Mr. Anderson will also present at the Digital Wealth Frontiers Summit on October 15, a one-day online event focused on innovative investment strategies. Interested investors may register for the event here.

Jesse Redmond, Head of Investor Relations and Business Development, will speak at the IgniteIt Cannabis Market Spotlight in Anaheim, California, on October 8.

Parties interested in scheduling a meeting with Mr. Anderson or Mr. Redmond during these events are encouraged to contact the Company at ir@leefca.com.

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, and a dynamic bulk concentrate portfolio, LEEF powers some of the largest cannabis brands in the United States. For more information, visit www.LeefBrands.com.

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 use of net proceeds from the Offering and the Company’s future financial condition, operations, and objectives.

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”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “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. All forward-looking statements, including those herein, are qualified by this cautionary statement.

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.

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 that the Company does not use the net proceeds from the Offering as anticipated, as well as 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.

For more information on the Company, investors are encouraged to review the Company’s public filings on SEDAR+ at www.sedarplus.ca.

LEEF Brands, Inc.

Per: Jesse Redmond, Head of Investor Relations and Business Development

Phone: +1 (707) 703-4111

Email: ir@leefca.com

*Source for New York sales data: https://cannabis.ny.gov/system/files/documents/2024/12/ocm-annual-report-2024.pdf

**Source for concentrate sales data: https://cannabis.ny.gov/system/files/documents/2025/01/cab-meeting-minutes-12.13.24.pdf

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