LEEEF — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-06

• Net loss and comprehensive loss attributable to the Company was $1,761,001 for the six months ended June 30, 2026, compared to net loss and comprehensive loss of $2,667,423 for the six months ended June 30, 2025. The reduced net loss position for the period was primarily driven by the improvements i…

• Beginning with the second quarter of 2026, the Company’s definition of EBITDA and Adjusted EBITDA was revised to exclude excise and other taxes from the income tax adjustment, and to present depreciation and amortization on the basis reported in the consolidated statements of cash flows. Prior perio…

• Revenue for the three months ended June 30, 2026 was $7,274,908, a decrease of $1,416,748, or 16.3%, as compared to $8,691,656 for the three months ended June 30, 2025. Revenue declined year over year, reflecting ongoing pricing pressure within the California wholesale cannabis market.

• Cost of sales for the three months ended June 30, 2026 was $4,864,545, a decrease of $2,337,090, or 32.5%, as compared to $7,201,635 for the three months ended June 30, 2025. Gross profit for the three months ended June 30, 2026 was $2,410,364, representing a gross margin of 33%, compared with a gro…

• Total operating expenses for the three months ended June 30, 2026 were $4,398,720, an increase of $535,540, or 13.9%, compared to total operating expenses of $3,863,180 for the three months ended June 30, 2025. The increase in total operating expenses was attributable to the factors described below.

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• Net loss and comprehensive loss attributable to the Company was $426,253 for the three months ended March 31, 2026, compared to net income and comprehensive income of $265,776 for the three months ended March 31, 2025. The swing to a net loss position for the quarter was primarily driven by a $390,4…

• Change in fair value of derivative liabilities 390,405 (3,538,440)

• Net income (loss) and comprehensive income (loss) attributable to shareholders of Leef Brands, Inc. $(426,253) -4% $265,776 3%

• Revenue for the three months ended March 31, 2026 was $9,377,002, a decrease of $21,259, or 0.2%, as compared to $9,398,261 for the three months ended March 31, 2025. Revenue was consistent year over year, reflecting the maturing of the Company’s strategic pivot to bulk concentrate manufacturing and…

• Cost of sales for the three months ended March 31, 2026 was $4,752,352, a decrease of $2,572,619, or 35.1%, as compared to $7,324,971 for the three months ended March 31, 2025. Gross profit for the three months ended March 31, 2026 was $4,624,650, representing a gross margin of 49%, compared with a …

Text added vs the prior filing · source: 10-Q · 2026-08-06

• The Company maintains “disclosure controls and procedures” as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that are designed to ensure that information required to be disclosed by a company in the reports that it files or submit…

Text removed vs the prior filing · source: 10-Q · 2026-05-06

• The Company’s management, with the participation of its Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Ex…

• In designing and evaluating the Company’s disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure con…