Leef Brands Inc (OTCPK:LEEEF)

Q2 2026 Leef Brands Inc Earnings Call Transcript

Aug 6, 2026 / 09:00 PM GMT

Release Date Price: $0.1917 (-7.13%)

Transcript

Key Points

Positve

Gross profit increased 62% year-over-year to $2.4 million, with gross margins nearly doubling to 33% from 17%.
Completed an oversubscribed $9.3 million financing and raised an additional $5.2 million in July, strengthening the balance sheet to $5 million in cash.
Acquired Himalaya Vape Company, an established California concentrate brand, which contributed approximately $1 million in revenue during the partial quarter.
Completed the largest harvest in company history, producing high-quality oil that passed California's elevated TAP4 pesticide screens with approximately 95% THC and 99% total cannabinoids.
Expanded cultivation footprint to approximately 80 acres with plans to reach 122 acres by fall, positioning the company to operate the full 180-acre permit in 2027.
Received inbound interest from leading multi-state operators and international companies for potential interstate and export opportunities, validating the low-cost production platform.

Negative

Revenue declined 16% to $7.3 million in Q2 due to a temporary biomass gap, as the company had to purchase third-party material at higher costs.
Adjusted EBITDA was negative $631,000 for the quarter, reflecting the impact of lower-margin purchased biomass.
Unit volumes decreased approximately 20% year-over-year, partly due to a deliberate choice to avoid overbuying third-party biomass.
Gross margins fell to 33% from the 50% level achieved when running own biomass, highlighting the dependency on vertical integration.
The company faces uncertainty regarding the timing of interstate commerce and international market openings, which are critical to future growth plans.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LEEF.CD - Leef Brands Inc
Q2 2026 Leef Brands Inc Earnings Call
Aug 06, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by.

Welcome to the Leaf Brands Second Quarter 2026 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session.

To ask a question during the session, you will need to press *11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press *11 again.

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Jesse Redmond, Chief Strategy and Investor Relations Officer. Please go ahead.

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