Leef Brands Inc

icaninc.com

What Do They Do?

Sells bulk cannabis concentrates to cannabis brands and CBD wellness products to online and retail customers.

How Do They Make Money?

The company sells cannabis products and white-label services. Payment is typically due before shipment; wholesale buyers pay within the agreed period after delivery and acceptance.

FY2025 revenue

Who Are Their Customers?

Licensed cannabis brands buy the company's cannabis extracts directly and use them in finished goods sold through licensed retailers. CBD wellness products are sold online and through select retailers.

Do Revenues Turn Into Profits?

No. It lost $17.6M in FY2025.

Operating income, FY2025

−22% of revenue

▼ −5% (Loss) vs FY2024 (−$8M, −28%)

Net income, FY2025

−51% of revenue

▼ −28% (Loss) vs FY2024 (−$24.6M, −86%)

Free cash flow, FY2025

−3% of revenue

▼ −86% (Loss) vs FY2024 (−$7M, −24%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▼ −16%; vs $8.7M in Q2 FY2025
Net income: ▼ −54% (Loss); vs −$2.9M in Q2 FY2025

May 5, 2026 Completed merger involving Standard Holdings The merger consideration included common shares for Standard Holdings shareholders.

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